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The rise and rise of KIT

In just 18 months, Russian bank KIT Finance has become a major player, and it plans to get a lot bigger. By Ben Aris.
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Banks in the West are built on their conservative reputations and stolid approach to risk. In Russia’s fast-moving banking sector, it is the deal-makers that are leading the way.

KIT Finance is one of Russia’s up-and-coming second-tier banks that is moving into the mainstream by using its investment banking skills to woo the more sophisticated Russian retail clients.

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