The rating of the most reliable banks will allow citizens to determine a financial institution that will become a guarantor of the safety and increase of invested funds. It is important to know the most reputable organizations in order to apply here and to provide other banking services.
There are over 650 banks in Russia. It is not surprising that potential investors first want to be convinced of the reliability of a financial institution, and only then trust it with their funds. Therefore, it is important to know the rating of banks' reliability in 2017, based on data from the Central Bank.
How trustworthiness is determined
The Central Bank assesses the financial condition of each bank, based on the following indicators, on:
- net assets (this does not include debt obligations);
- the amount of funds that were contributed by depositors;
- turnover of credit funds.
The Central Bank, based on the analysis of these data, identifies financial institutions that have a negative or positive impact on the Russian banking system. Some unreliable organizations run the risk of losing their license.
Reliability rating of Russian banks
Getting into the first positions of this list is a kind of insurance that will allow the bank to stay afloat. For example, Otkritie Bank, which is in the TOP 10, was in a difficult situation in the summer of 2017, but the Central Bank helped him get out of it.
So, here is the rating (according to the Central Bank) of Russian banks:
- Sberbank has confidently ranked first for many years. This is one of the most reliable and largest Russian banks.
- The second place belongs to VTB Bank, which enjoys state support, like Sberbank.
- JSC Gazprombank is in third place. The clients of this largest bank are 45,000 legal entities and 4 million individuals. The bank services: atomic; gas; oil and chemical industries. And also: petrochemical; non-ferrous and ferrous metallurgy; mechanical engineering; metalworking; agro-industrial complex; electric power industry; building; transport; communications and other sectors of the economy.
- The fourth place belongs to PJSC VTB 24. This bank provides a number of services: remote; consumer and mortgage lending; term deposits; issue of bank cards; car loans; credit cards; Money transfers; rental of safe boxes.
- PJSC Bank Otkrytie is in fifth place. Its clients are 270 thousand legal entities and 3.6 million individuals. The bank was opened in 1993 and develops investment, corporate, small, retail business and Private Banking.
- Rosselkhozbank serves corporate and retail clients, offers banking products for the development of agricultural production.
- Alfa Bank is a large private Russian bank.
- The eighth place, respectively, is taken by the National Clearing Center.
- On the ninth - OJSC "Bank of Moscow".
- UniCredit Bank ranks tenth.
When deciding which bank to entrust your funds to, to become its client, you need to pay attention not only to the place in the rating, but also to the conditions for providing or increasing funds. After all, banks occupying lower places in the list can give odds to larger and more authoritative ones.
