Forbes published a selection of the most reliable banks in Russia in 2017, where a mere mortal can post honestly earned money and not be afraid that the money will evaporate like dew from a leaf in the morning.
The reliability of the bank was determined in several categories:
- return on capital (how skillfully the bank allocates its capital);
- instant liquidity ratio (in simple terms - a guarantee that the bank will not lose everything in one day);
- capital adequacy (the ratio of bank money to total assets);
- and the actual contributions of the population.
We present you the rating of 11 most reliable Russian banks where it is safe and profitable to keep your deposits.
11. Alfa Bank
The only non-state-owned commercial bank without foreign participation was barely included in the top 10 best banks (unless, of course, Cyprus offshore is taken into account). Amount of assets: 2404.1 billion rubles.
10. Russian Agricultural Bank
The specialization of the Russian Agricultural Bank is to service the needs of the country's agriculture. Although the bank’s assets amount to 2795.1 billion rubles, other indicators do not look particularly brilliant, especially the return on capital, which in 2016 amounted to only 1.5%.
9. Gazprombank
Gazprombank, which was included in the sanction lists of the USA and Ukraine, continues to service the country's oil industry. Despite the rather large assets (at the beginning of 2017, they amount to 5054.3 billion rubles), it is not so easy for Gazprom to get them to work, which is why it is ninth in the rating.
8. VTB
The semi-state VTB Bank (61% of the shares are controlled by the Russian government) is second only to Sberbank in terms of assets: their total amount is 9502.1 billion rubles. But not a single asset: VTB is sinking in other positions, especially in terms of instant liquidity, which also deteriorated by almost a third compared to last year. However, the regulator included it in the 2nd place in the rating of reliability of banks according to the Central Bank.
7. Bank of China
The oldest bank in the Celestial Empire, founded in 1912, has been present in Russia in 1993 through the Bank of China Joint-Stock Commercial Bank since 1993. The main specialization of the bank is servicing financial flows circulating between Russia and China, however ordinary citizens can also find interesting programs there. Assets: 29.2 billion rubles.
6. Bank Intesa
The roots of Banca Intesa lie in the field of charity - it used to start as the “Russian Bank for Project Finance” under the wing of the “European Bank for Reconstruction and Development”. Initially, he focused on the issuance of loans by large enterprises, but soon changed course
to small business, and then it came down to individuals. Since 2003, it belongs to the Italian corporation Intesa Sanpaolo - one of the largest banking groups in Italy. The number of Bank Intesa assets: 59.1 billion rubles.
5. Citibank
All of Citibank's voting shares are owned by Citigroup, one of the largest financial groups in the world headquartered in the USA. A subsidiary of Citigroup in Russia, Citibank is one of the first foreign swallows to fly into the territory of the former USSR and feels quite comfortable in Russia. Assets: 442.3 billion rubles.
4. Raiffeisenbank
If the history of Sberbank extends a century ago, then Raiffeisenbank overtook the Russian counterpart for half a century. Back in the middle of the 19th century, German peasants organized general cash desks, a kind of insurance in the event of a crop failure or other disasters. Since then, a lot of water has flowed, and the Raiffeisen company from the village capsule has grown into the largest banking group in Austria and expanded its presence to 16 countries of the former Soviet bloc, including Russia. Raiffeisenbank's total assets: 768.5 billion rubles.
3. Rosbank
The main shareholder of Rosbank is the French bank Societe Generale. The Bank entered the list of systemically significant dozens selected by the Bank of Russia. Assets: 786.5 billion rubles.
2. Unicredit Bank
Unicredit is part of the Italian banking group UniCredit and is the largest Russian bank, where most of the voting shares are owned by foreigners. The total number of assets is 1,196.6 billion rubles.
1. Sberbank
Already year country's largest state bank ranks first in terms of reliability. It is unlikely that in the future it will be possible to shake the position of the heir to savings banks that were opened in the 1920s. Currently, the bank’s assets amount to 22,336.5 billion rubles, far ahead of the rest of the top 11 most reliable credit organizations in Russia in 2017.
