By Sam Kerr
16 Dec 2020
Sovcombank, one of Russia’s largest private banks, is making strides in its push to reshape Russia’s financial services marketplace. Dmitry Gusev, its chief executive, talks to GlobalCapital about the bank and its plans for 2021, ahead of a possible IPO.
The bank has grown from being primarily a consumer lender to a full service bank with over Rub1.6tr of assets on its balance sheet.
In the past few years it has also become Russia’s dominant player in the buy-now/pay-later market through its Halva instalment product and this year expanded its footprint in non-banking areas of financial services by acquiring the Russian divisions of MetLife and Liberty Insurance Company.