Sovcombank is one of the largest in terms of assets and most profitable banking groups in the Russian Federation. For 2014-2017, Sovcombank had average ROE of 50% and was the most profitable banking group among top-50 largest Russian banks for this period based on published IFRS accounts. The Group was the most profitable banking group in CEE by return on capital in 2016 and 2017 according to The Banker Magazine, a subsidiary of The Financial Times Ltd. Sovcombank provides financial services and products to predominantly low- and moderate- income customers in under-banked rural areas of the Russian Federation on a cost-efficient basis. As at 01 January 2018, the retail segment had 2,148 offices in 1,023 towns across the Russian Federation and served 3.2 million customers. Sovcombank operates the largest retail network among privately owned banks in Russia.