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Global Banking and Finance Review names CREDIT BANK OF MOSCOW's IPO "Best in Russia"

01.09.2015

Global Banking and Finance Review, one of the leading international financial portals, has pronounced CREDIT BANK OF MOSCOW the winner in yet another prestigious nomination, Best IPO Russia 2015, acknowledging its outstanding performance.

This annual award traditionally goes to the companies with the most innovative approaches, strongest performance and best development strategies.

The competition takes place among big names as well as strong niche players of the financial sector.

Since its creation in 2011, the award has expanded its scope far beyond the banking sector and is now available also to insurance companies, hedge funds, pension funds, investment funds, etc.

As announced previously, CBM's Initial Public Offering (IPO) closed on 30 June 2015 and raised 13.2 bln roubles. The resulting free float is 18.8% of the Bank’s charter capital.

With the IPO price of 3.62 roubles per share, CBM's market capitalisation was 70.2 bln roubles.

More than 450 investors took part in CBM's IPO.