Rosbank received a National Banking Award on Wednesday from the Association of Russian Banks and National Banking Magazine.
The bank was recognized for its contributions to the development of banking services in the industry.
Bank officials said the recognition is a sign of the successful implementation of their business strategy. The plan streamlines the processes to make lending easier, and the bank has developed lighter cost models of handling transactions.
The bank officials also said they are actively working to expand the services that the bank offers and enhance the bank's functionality to provide a better banking experience for its clients.
The bank currently serves more than 3.3 million consumers in retail aspects throughout the Russian Federation.
The National Banking Awards have been taking place since 2005 as a means to reward financial institutions for their success in the industry.