DRIVING SUCCESS through AGILE BANKING
Started out as a local bank catering to a niche market, Sovcombank became one of the largest in terms of assets and most profitable banking groups in Russian Federation. Sergey Khotimskiy, First Deputy Chairman and co-owner of Sovcombank PJSC, shared with us how their remarkable rise and success is the fruit of their preparedness to change priorities and maneuver at each moment in time. Agility, which is at the core of their banking system, allows them to stay ahead of the competition and deliver exceptional value for their customers and stakeholders.
Q Hello Mr. Khotimskiy, thank you for taking the time to talk to us today. Let's start the interview by asking how did your previous business influence your decision to become a banker? We know you were a lawyer and you were engaged in production before becoming the co-owner of Sovcombank.
A I produced several movies from 1998 to 2003. The first one was unexpectedly commercially successful. Had I lost money then, I would have probably been more cautious. But my first project, DMB, was a huge success, so I felt encouraged. But then it was failure after failure. At some point, after a series of frankly poor decisions, I realised that this is
