Forbes has identified the most reliable Russian banks

Forbes

Forbes studied the ratings and financial performance of 100 largest Russian banks and chose the most reliable among them. The rating was published on the publication’s website on Wednesday, March 20.

Cryptocurrency: banks will be prescribed what can and cannot be said to customers

For credit institutions, a standard will be developed for the sale of risky products to the public

The list is divided into five groups and is based on the estimates of the largest Russian and international rating agencies – Fitch, S&P, Moody’s, Expert RA and ACRA. The most reliable were the subsidiaries of foreign banks, as well as the largest Russian banks, which were assigned BBB- and BB+ ratings by Fitch.

The top three was headed by Unicredit. Following are Raiffeisenbank, Rosbank. Sberbank and VTB ranked fourth and third, respectively. The top ten also includes Citibank, ING Bank (Eurasia), Nordea, HSBC and Credit Agricole.

As the newspaper notes, the sweep of the banking sector, which began with the arrival of Elvira Nabiullina to the post of head of the Central Bank in 2013, made the system more transparent. Since then, there have been 400 fewer banks in Russia. According to Expert RA estimates, approximately 50 more banks will disappear from the market in 2019.

Rate article
( No ratings yet )
Net Worth Rating
Add a comment