Credit Bank of Moscow has been included as the only Russian company in a global listing of 250 high growth businesses.
The high growth ranking was created from the Forbes 2018 Global 2000 list and features the top performers in the ranking, based on compound annual growth rate of revenues from 2014 to 2017.
All figures were converted into U.S. dollars, and rankings were carried out by Statista.
Forbes magazine has published the Global 2000 rankings for the past 16 years, with companies requiring revenue of at least $1 billion to enter the listing.
Other companies in the listing include Bohai Financial Investment Holding, owner of Avolon, one of the world’s largest aircraft leasing businesses; Geely Automobile Holdings, parent company of Volvo Cars; electric vehicle pioneer Tesla; and fleet fuel management company FleetCor Technologies;
In its preliminary results for the first five months of 2018, Credit Bank of Moscow reported pre-tax net income of RUB4.9 billion ($74 million), with a total loan portfolio of RUB1,617.9 billion ($24 billion), of which 94% is attributable to corporate loans, and 6% to retail loans.
