The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Krasnodar: ‘the best place to live in Russia’

Investors delve into Russia’s regions

Tatarstan: Grandpa’s republic

Krasnoyarsk: a long way from everywhere

My taxi driver is adamant as he drives me from Krasnodar airport. “This is the best place to live in Russia. Probably in the whole world.” It certainly seems one of the nicer parts of Russia. Down in the south, on the Black Sea coast, Krasnodar Krai has one of the milder climates in Russia, and its pretty seaside resort of Sochi is positively balmy.

The region’s hospitable climate makes for a booming agricultural industry, with wine, bread, fruit and tobacco among the region’s main exports.

The banking sector, as in most of the country, is dominated by Sberbank but local banks are also doing well. KraiInvestBank is a leading example. The bank was set up in 1999 by the local administration, at the behest of regional governor Aleksander Tkachev, with a mandate to try to attract investment into the region. The administration retains a 90% stake in the bank, and its close ties to the governor are obvious – its headquarters are right opposite his home.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree