Ben Aris reports on a bank determined to be the leading innovator in the fast-growing Russian market.
Since Russia’s Trust Investment Bank (TIB) was set up it has gone in the opposite direction to everyone else. It went into the Russian banking business in 1999, when many Russian banks were going bust. It set out to be “Russia’s first pure investment bank” when it seemed that most companies were simply trying to salvage something from the wreckage of the Russian economy after the 1998 financial crisis.