Central and Eastern Europe | top 100 russian banks ranking
individuals associated with the owners of the bank”, and the failure to comply with anti- Russia seeks to stay money-laundering regulations. Masterbank appears at 46 in The Banker’s ranking based on 2012 data, but will of course be removed on solid ground from next year’s ranking. Russian bank profitability is healthy, but there are fears around asset quality Even where there are no allegations of in consumer banking, and the regulator is taking a tougher line on money rule breaking, the CBR is becoming less tol- erant of weak business models. Investbank, laundering and liquidity problems. based in Kaliningrad and coming in at 79 in the ranking, was shut down in December writer Philip Alexander research Guillaume Hingel and Valeriya Yakutovich 2013 on the grounds of poor asset quality, insufficient loan loss reserves and misre- n the surface at least, all is introduced higher capital requirements for ported data. It too will drop out of the rank- well with Russia’s top 100 banks with high lending rates, and the Rus- ing next year. A series of other banks outside banks. Total profits in this sian duma (parliament) passed legislation to the top 100 were placed in administration on year’s ranking (for financial enforce better standards of due diligence similar grounds in the final weeks of the year, year ending December before credit cards can be issued. often after seeking liquidity support from O2012) were up 21% compared with the previ- the CBR. Corporate depositors and the inter- ous ranking, at $29.2bn, bringing an aggre- Corporate banking squeeze bank markets were reportedly turning their gate return on Tier 1 capital of 24.2%. Yet the consumer banking sector may not be backs on any bank they feared might be in Meanwhile, banks have been strengthening the main source of risk. Corporate banking the CBR’s sights. their capital position. Total Tier 1 capital in faces a difficult competitive landscape. The An analysis of loan-to-deposit (LTD) the top 100 rose by 35%, bringing the aggre- giant state-owned banks Sberbank and VTB ratios demonstrates that Russian banks in the gate capital-to-assets ratio to 8.63%, from enjoy a dominant position in the deposit second tier and beyond are often very reliant 8.48% in the previous ranking. Only eight market that provides them with a cheaper on the interbank market. To avoid distorting banks recorded losses, totalling $353m, and more stable funding base with which the data, The Banker excludes both interbank compared with 12 banks losing an aggregate they are able to squeeze privately owned deposits and loans from the LTD ratios, as $606m in the previous ranking. competitors. All of the top three largest these can be liquidated swiftly to provide Consumer credit in particular is boom- losses in this ranking were recorded by large liquidity (in the case of loans) or to drain it (in ing – six of the top 10 banks by return on privately owned banks with significant cor- the case of deposits). There are 20 banks in assets (including the top two) and six of the porate loan books that are clearly struggling total for which interbank deposits account for fastest growing by assets are all specialists in to compete. Two of them (Uralsib and more than a quarter of all deposits (and up to consumer lending. Nine banks with an National Reserve) are among the top three 80% in one case), but more than half of these established focus on consumer credit losses for the second year in a row. banks are foreign owned, so the interbank recorded an aggregate return on assets of The corporate banking sector is also deposits most likely come from their parents. 4.64%. In addition, two recent start-ups, home to Russia’s many ‘pocket banks’ that Similarly, most of the top 10 highest Svyaznoybank and MTS Bank – both con- primarily serve companies linked to their loan-to-deposit ratios are among foreign- nected to the mobile telecommunications own shareholders. Some elements of the sec- owned banks that can draw on parent fund- sector – entered profit for the first time. tor are even less savoury, and new CBR gov- ing or wholesale funding backed by the However, regulators are nervous about ernor Elvira Nabiullina, who took office in parent’s high credit rating. But Russian- the pace of growth in consumer lending – May 2013, seems to be taking a tougher line owned banks with very high LTD ratios will three consumer credit banks more than dou- on money-laundering. In November 2013, need to keep careful control over their bled their assets, while four others presided the CBR revoked the licence of Masterbank, liquidity, especially as the CBR intends to over asset growth of more than 50%. In citing “significant misreporting of data, poor introduce the Basel III liquidity coverage response, the Central Bank of Russia (CBR) asset quality, primarily on loans granted to ratio in due course.
Top 10 Foreign-Owned Subsidiaries Top 10 fastest Asset growth FOS rank Top 100 rank Bank Tier 1 capital $m Rank Bank Assets % change Assets $m 1 6 Rosbank 3,185 1 Rossiyskiy Kredit Bank 180.07 1118.7 2 7 UniCredit Bank Russia 2,716 2 Home Credit and Finance Bank 130.01 11122.2 3 8 Raiffeisen Bank Russia 2,564 3 Tinkoff Credit Systems 124.18 2176.1 4 12 Citibank Russia 1,433 4 Svyaznoy Bank 113.28 2523.5 5 16 Home Credit and Finance Bank 1,055 5 BFA Bank 94.84 1806.1 6 19 ING Bank Eurasia 853 6 Deutsche Bank Russia 83.23 5740.7 7 24 Nordea Bank Russia 734 7 Finprombank 79.8 588.6 8 26 OTP Bank Russia 635 8 Sovcombank 76.04 3133.6 9 34 Credit Europe Bank Russia 494 9 Orient Express Bank 72.28 7337.2 10 35 Banca Intesa Russia 450 10 Russian Standard Bank 66.27 9715.4
Source: www.thebankerdatabase.com Source: www.thebankerdatabase.com
62 | The Banker | February 2014
Top 100 Russian Banks | Central and Eastern Europe
ranking
Russian banks – top 10 return on assets Russian banks – top 10 loan to deposit ratios (excluding (%) interbank) (%)
Source: www.thebankerdatabase.com Source: www.thebankerdatabase.com
Center-Invest Bank | corporate statement
A high level of corporate governance, risk concentration arising from lending to the competent risk management, strategic real economy. planning, internal monitoring, transparent 6. Even the traditional criticism from rating A sustainable accounting to IFRS, modern IT and nurturing agencies (Moody’s rates the bank at Ba3) the bank’s employees are elements of a sus- regarding lending to agriculture, only empha- bank for tainable banking business model, which sises the bank’s competitive advantage: Rus- facilitates high profitability (return in equity sia’s south creates 23 to 25% of all of Russia’s is 17 per cent) and a creative atmosphere agribusiness produce. In addition to Siberia’s oil southern Russia for employees and clients. The unique fea- and gas wells, the one meter-deep fertile sur- tures and advantages of the model can be face (humus) of the steppe between the Don demonstrated by the following examples: and the Volga rivers is also a national asset. New banking structures with new business 1. The bank’s transparent accounting and 7. The cooperation in innovations between models and business technologies will emerge internal monitoring system allowed us to pass Center-Invest and SAP AG, which takes into from the ruins of today’s banking. Since its audits of various supervisory and regulating account sustainable banking practice, allows to establishment by South Russia’s first private authorities which lasted for 1,234 days in 2013. develop software of the future – winning in enterprises in 1992, Bank Center-Invest has 2. Lower lending rates allow to select the today’s competition with the big players. been adopting a sustainable banking model in best clients. 8. Social and educational programmes for the its operations. In 2013, the bank was awarded 3. Co-operation with international financial public, young people, students and school chil- ‘Sustainable Bank of the Year’ in eastern Europe institutions (IFC,EBRD,DEG, BSTDB, EABD) dren are now a benchmark for other social pro- by the FT/IFC, published its first sustainability demands high standards from the bank’s man- grammes in southern Russia. In tomorrow’s report – www.centrinvest.ru/pdf/sust- agement system, providing access to the banking world there will be a division between report-2012.pdf – and also organised a confer- world’s best practice. services and risks: payments and settlements, ence: ‘Sustainable Banking Business Model’. 4. The knowledge of best practice and strate- fixed-term deposits and loans, long-term finan- For Center-Invest, sustainable banking is gic vision allows to invest in modernisation pro- cial instruments and investments. Bank Center- not only about environment and social respon- jects to increase effectiveness of existing local Invest is already partitioning these risks in its sibility, but also involves operating efficiency market technologies by three to five times. work, vindicating the competitiveness of the based on organic growth (without state sup- Among such projects are modernisation of sustainable banking business model. port) and high profitability and risk manage- small and medium enterprises, introduction of ment. The bank has set higher standards for self energy-efficient technologies, up-to-date tech- Sponsored by regulation which means the bank is in the lead. nologies in agribusiness. The bank was asked: “How can you still 5. The diversity of south Russia’s economy with manage to make money?” The bank answers: its high proportion of small enterprises, pro- “Due to using best world practices”. ducing 86% of the bank’s revenue, lowers the www.centrinvest.ru
February 2014 | The Banker | 63
Central and Eastern Europe | Top 100 Russian Banks
Rankings ratio 51.61 41.19 57.02 47.59 76.31 37.96 61.70 57.00 71.99 13.94 89.51 32.74 91.94 63.16 42.72 53.07 55.45 43.87 55.45 35.58 29.69 43.32 49.62 39.82 59.89 39.58 60.66 49.02 68.68 46.36 44.86 48.94 206.31 Cost income Cost n/a 97.41 71.17 77.78 77.57 51.61 Loan to to Loan 73.15 67.88 46.13 75.27 73.37 87.04 74.34 31.65 76.78 71.98 70.76 83.37 49.01 63.75 74.05 74.39 76.69 81.20 78.55 33.46 70.99 78.08 85.59 48.92 62.83 84.98 64.50 assets ratio assets 7 2 3 4 11 14 51 19 18 74 77 87 97 78 70 55 25 92 35 29 45 28 34 69 98 48 49 20 80 50 90 60 Rank 100 % Return Return on assets 7.11 1.51 4.12 1.45 1.42 1.32 1.44 1.56 1.03 0.12 0.51 1.99 0.75 2.97 0.42 0.70 6.25 3.35 5.69 2.35 2.33 2.03 2.56 0.25 2.96 2.89 3.60 0.06 0.60 0.50 -7.08 -0.81 -0.97 7 5 3 8 Rank Rank 17 12 61 18 75 72 73 47 76 79 25 22 24 29 32 92 62 85 34 43 95 99 36 66 86 49 48 98 20 Performance % Return Return on capital 7.58 1.95 1.88 6.79 4.53 8.97 5.28 0.42 5.28 15.51 15.01 16.19 12.16 -5.65 11.89 19.37 23.18 15.28 31.93 41.86 74.98 39.79 29.42 24.53 29.44 24.85 -11.76 25.56 20.48 -13.73 22.38 26.96 42.54 n/a 11.7 5.15 0.41 5.91 9.42 3.22 L->P L->P L->P 11.43 -5.32 37.02 21.43 23.72 58.12 56.16 50.14 19.99 18.68 24.57 76.46 26.59 32.82 69.34 86.86 40.29 -37.89 -15.38 -74.06 -68.77 -46.35 148.35 % change Profits Pre-tax profit Pre-tax $m 97.78 77.99 10.67 27.00 18.44 29.42 24.69 62.87 58.70 53.58 89.22 -70.10 217.50 113.69 142.10 130.39 132.28 -82.90 266.01 791.20 378.59 732.32 754.34 280.97 329.40 366.33 238.60 -143.48 600.99 3799.43 14,16.62 1069.00 14,746.65 2 6 17 71 15 12 21 51 41 61 18 74 77 57 75 27 67 87 78 24 23 52 59 28 45 62 65 69 86 44 20 60 40 Rank Rank % Soundness Capital Capital assets ratio 7.46 7.92 7.48 7.33 7.29 7.60 8.16 6.57 8.78 8.45 9.62 9.49 8.32 8.22 8.66 8.04 9.50 6.80 17.76 51.61 12.12 13.10 15.56 10.07 13.69 12.22 12.93 10.49 14.40 25.47 13.60 12.86 10.09 n/a 47.7 -4.6 1.78 0.57 0.02 4.33 17.91 17.27 17.82 17.85 11.63 15.78 10.67 65.61 13.52 19.25 21.52 21.55 12.85 20.51 10.64 12.09 44.19 28.67 72.28 66.27 44.07 46.44 26.39 40.83 30.06 130.01 % change 1 7 2 5 3 8 6 9 4 11 17 15 21 13 14 12 16 19 18 10 27 24 22 23 25 26 85 28 46 49 36 64 20 rank Assets Size $m 989.5 7337.2 9715.4 7307.0 2274.4 4672.1 3168.2 6929.6 3505.2 8646.7 6636.2 6883.2 8589.9 8685.8 10,471.1 10,187.5 11,122.2 10,451.3 10,763.7 11,568.4 10,164.5 10,941.3 47,036.8 14,854.8 28,593.7 22,725.0 29,628.4 20,979.9 93,538.3 26,285.8 45,932.0 244,154.3 497,066.5 n/a -0.2 18.9 4.47 8.27 8.53 8.98 17.13 -8.12 16.17 17.39 11.22 11.34 73.16 78.15 19.79 37.96 12.62 39.91 15.99 26.16 61.35 18.29 24.82 48.73 25.63 53.83 33.35 23.84 66.08 20.03 20.89 104.99 % change Tier 1 capital Strength $m 567.7 744.1 510.7 853.1 945.1 579.3 829.7 545.4 604.1 738.8 734.0 789.2 635.4 562.6 556.9 660.4 869.9 1112.4 1467.5 1433.4 2716.0 2418.8 3185.2 1220.5 1700.3 1055.3 1066.2 2564.4 9440.7 3348.0 6438.0 37,059.2 18,556.0 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 Year end Year ussian ussian Banks 1-33 R Orient Express Bank Orient Express Bank Russia Nordea Zenit Banking Group Zenit ING Bank Eurasia Rosbank Gazprombank Alfa Bank Absolut Absolut Bank CentroCredit Bank CentroCredit bank Sviaz Bank Vozrozhdenie Bank Credit Bank Credit of Moscow Ak Bank Bars Bank Rossiya Russian Agricultural Bank Agricultural Russian Sberbank VTB Bank Bank Renaissance Credit Renaissance Russian Standard Bank Russian Standard OTKRITIE Financial OTKRITIE Corporation Home Credit Home and Credit Finance Bank Bank Petrocommerce Nomos Nomos Bank UniCredit Bank Russia UniCredit National Reserve Bank National Reserve MTS Bank MTS OTP Bank Russia OTP Bank Bank Uralsib Bank Saint Petersburg Promsvyazbank Raiffeisen Bank Russia Raiffeisen MDM Bank Citibank Russia t op 100 23 24 22 19 6 3 5 32 28 29 27 15 18 20 4 1 2 Rank T100 30 25 21 16 17 9 7 33 31 26 13 14 10 8 11 12
64 | The Banker | February 2014
Central and Eastern Europe | Top 100 Russian Banks
Rankings ratio 57.14 37.74 41.13 47.79 73.13 57.22 54.71 37.23 70.41 45.17 54.61 32.14 55.19 39.47 82.31 83.47 68.31 40.14 54.57 38.97 50.27 59.63 70.02 55.25 56.32 26.83 63.64 54.28 48.63 48.82 55.00 56.00 48.90 Cost income Cost 17.76 77.41 71.74 74.19 61.16 70.15 Loan to to Loan 72.91 72.73 87.09 53.19 69.12 60.51 65.77 72.70 98.10 70.53 50.87 78.83 83.62 92.49 64.24 83.69 56.33 78.06 92.86 49.29 84.95 69.88 50.69 63.96 45.04 66.09 69.30 assets ratio assets 9 8 6 17 71 13 21 12 61 91 57 72 73 75 67 79 24 32 93 42 63 83 58 56 36 39 89 94 44 84 46 88 30 Rank % Return Return on assets 1.15 1.13 1.81 0.11 2.61 1.53 0.14 1.58 1.56 1.26 2.73 0.31 1.96 0.37 3.58 4.32 0.65 0.70 0.92 2.26 0.24 3.50 0.66 3.80 2.98 0.56 3.90 0.86 2.30 0.94 0.50 -0.41 -0.45 9 4 Rank Rank 15 91 41 81 16 10 77 57 27 67 53 59 23 70 55 93 45 65 39 58 26 54 28 82 56 63 88 96 46 64 89 Performance % Return Return on capital -5.7 13.6 1.22 1.33 1.03 8.76 3.35 4.93 4.28 8.05 -3.87 15.51 13.72 11.28 25.41 13.46 13.63 18.07 15.53 57.08 13.23 12.53 29.77 12.84 16.89 10.39 10.98 23.42 23.54 29.83 38.44 36.63 24.04 1.17 7.03 76.3 6.78 32.7 86.6 L->P -87.1 P->L P->L 17.97 113.2 16.45 37.96 109.4 10.22 34.27 70.62 95.03 68.35 -77.65 -19.01 80.33 60.83 -62.51 -79.25 215.63 159.56 315.54 302.15 259.55 366.83 % change 1128.95 Profits Pre-tax profit Pre-tax $m 7.81 4.18 3.34 2.84 37.27 11.89 91.77 47.26 31.07 10.97 37.20 39.13 33.75 28.47 39.87 34.42 70.25 26.82 54.22 33.29 89.23 52.54 55.05 36.39 -11.66 50.04 85.90 50.80 131.13 -16.96 149.71 115.60 135.02 7 5 3 4 13 19 81 73 47 97 22 79 55 53 32 25 92 33 56 93 42 39 83 54 99 68 98 88 48 66 96 90 80 Rank Rank % Soundness 7.11 Capital Capital assets ratio 7.15 7.12 7.57 9.17 5.17 9.14 5.14 7.96 6.14 8.13 6.47 6.07 9.59 9.32 6.29 6.93 9.58 5.56 9.26 5.08 17.38 27.67 10.51 12.74 11.56 11.38 13.62 25.14 10.07 28.21 12.95 31.83 6 2.8 37.7 31.7 3.93 3.36 -1.47 34.11 12.18 -3.35 37.49 27.48 -4.92 23.61 14.33 61.42 39.13 26.01 19.84 40.81 -11.47 46.37 23.23 44.44 54.56 83.23 52.56 30.52 29.06 94.84 -26.42 113.28 180.07 % change 51 31 81 41 61 77 37 47 79 52 55 32 53 70 34 35 62 43 33 45 38 29 42 59 54 58 63 39 86 48 44 30 40 rank Assets Size $m 958.3 1347.1 1118.7 5151.1 2977.1 2377.4 3737.3 1140.5 1806.1 3887.5 5740.7 2355.1 4106.4 3875.4 2946.1 2868.1 3770.3 4166.9 4738.3 3593.6 2523.5 5653.5 5882.4 3263.3 3286.2 3585.8 2590.2 5568.2 2396.0 5844.3 3034.8 3805.8 3004.8 7.2 7.79 18.2 31.9 6.76 36.8 8.24 9.03 5.04 13.17 37.91 27.76 13.73 21.81 11.02 11.05 23.81 23.77 19.56 21.99 34.72 10.89 24.23 42.87 22.52 45.02 36.64 39.03 22.39 65.05 40.85 -10.78 130.01 % change Tier 1 capital Strength $m 274.7 297.6 378.1 231.7 315.5 241.2 261.6 351.2 361.2 450.1 301.5 229.7 493.7 225.6 256.2 385.4 233.6 233.6 239.6 265.2 323.9 244.8 258.3 299.2 235.9 338.6 385.8 363.0 408.7 364.9 290.3 208.8 409.0 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 01/13 Year end Year ussian ussian Banks 34-66 R Tatfondbank Novikombank GE Money GE Bank Russia Money SMP Bank Rossiyskiy Kredit Bank Kredit Rossiyskiy HSBC Bank Russia Uniastrum Uniastrum Bank Investment Trade Bank Trade Investment TRUST National Bank Rosgosstrakh Bank Rosgosstrakh Masterbank Probusinessbank Bank of Scotland Russia Royal Evrofinance Mosnarbank Evrofinance Industrial Bank Moscow Eurasija Commerzbank RosEvroBank BFA Bank BFA Locko Bank Locko Vneshprombank BNP Paribas Russia BNP Paribas Transcapital Bank Transcapital Bank Avangard Bank B&N Bank UBRD Bank Bank Asian-Pacific Bank Bank Soyuz Deutsche Deutsche Bank Russia Banca Intesa Banca Russia Intesa Credit Europe Bank Europe Russia Credit SKB Bank Svyaznoy Bank Svyaznoy Bank Russian Development Regional Bank t op 100 56 55 53 54 47 52 48 50 51 49 46 43 45 39 40 42 44 66 65 60 59 41 36 38 57 64 58 37 35 34 63 61 62 Rank T100
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Top 100 Russian Banks | Central and Eastern Europe
Rankings ratio 47.14 87.19 41.14 61.47 41.47 74.27 87.04 77.00 55.19 73.40 72.68 91.94 58.37 72.54 52.79 70.59 53.69 52.52 83.22 39.63 85.63 80.37 44.22 48.48 54.88 58.86 84.29 90.65 45.96 58.06 46.39 55.30 40.28 40.33 Cost income Cost 51.71 67.47 75.71 78.71 46.11 77.54 87.24 72.12 Loan to to Loan 54.14 56.12 79.76 82.12 83.81 75.53 75.58 73.86 56.55 65.46 64.62 80.97 70.89 49.66 59.06 64.66 82.69 83.84 69.93 69.95 62.28 58.98 66.94 52.08 68.96 88.09 assets ratio assets 1 5 15 31 41 81 16 10 27 37 76 47 53 52 22 23 59 33 85 26 95 38 54 43 82 65 99 62 96 66 68 64 86 40 Rank % Return Return on assets 1.41 1.41 1.77 1.10 1.57 7.23 1.70 3.13 2.14 1.52 1.84 1.36 1.88 2.27 0.78 2.49 4.70 3.64 3.28 2.56 2.69 2.68 0.92 0.56 -1.15 0.29 0.40 0.89 0.26 0.38 0.94 0.90 -0.81 -0.59 1 2 6 Rank Rank 11 71 14 13 21 51 31 19 74 37 97 78 87 52 35 33 83 42 38 68 94 44 69 50 84 30 90 80 60 40 100 Performance % Return Return on capital 5.8 1.19 1.81 7.88 4.77 1.96 34.2 8.65 8.48 2.69 4.39 27.71 17.57 12.31 -8.49 -4.93 16.76 14.68 14.33 19.52 14.26 31.53 15.89 18.56 21.89 19.08 22.78 31.09 26.44 22.46 42.53 84.39 -23.13 104.69 L->P L->P P->L P->L -1.51 17.42 77.14 -23.7 27.57 -24.2 12.47 19.77 82.41 66.12 19.94 -11.31 70.35 29.56 43.06 62.99 -31.15 -41.51 -53.12 -19.03 -54.15 -21.98 185.15 109.61 -34.92 116.94 112.06 -20.95 100.88 290.55 % change Profits Pre-tax profit Pre-tax $m 3.61 1.87 2.01 8.61 1.89 3.32 2.22 8.20 12.71 -4.19 18.71 14.72 22.11 29.17 -5.94 29.21 15.85 28.15 16.33 10.32 22.91 16.38 12.39 56.78 46.87 -17.54 35.23 36.92 36.63 28.28 86.23 25.30 147.27 157.29 1 8 9 11 14 31 91 16 10 37 72 76 70 35 82 26 85 58 34 38 43 95 36 29 63 49 46 84 94 64 89 30 50 Rank Rank 100 % Soundness Capital Capital assets ratio 7.59 9.61 7.89 7.36 5.57 6.97 5.92 9.56 9.54 8.22 8.66 6.89 4.98 6.20 6.90 6.30 8.20 11.67 17.83 10.71 11.97 17.80 19.21 11.92 14.47 11.23 10.81 11.06 10.07 12.25 16.82 74.23 10.63 24.68 8.11 79.8 9.08 -3.18 13.01 21.81 31.74 -5.93 37.03 15.92 47.04 15.64 33.12 12.25 33.19 12.33 19.28 12.84 28.19 24.79 23.97 22.45 50.77 38.37 53.34 76.04 52.22 34.29 48.46 38.92 54.98 32.36 29.09 124.18 % change 71 91 74 75 72 57 73 67 76 97 78 87 93 95 65 82 92 56 83 89 96 98 68 69 99 84 94 66 88 50 90 60 80 rank 100 Assets Size $m 712.1 713.4 213.7 731.6 731.6 697.8 912.0 595.3 596.3 842.4 462.6 588.6 698.2 484.8 2176.1 1081.1 1521.6 1087.6 1136.9 1561.8 1233.7 2755.7 2818.7 3133.6 1652.4 2071.2 1780.9 2494.1 1490.6 1409.9 1084.6 2063.4 2052.8 2004.6 7.94 18.5 8.76 8.78 66.4 8.85 0.39 27.19 21.12 19.74 18.21 21.72 24.17 26.41 51.46 12.46 12.52 26.31 12.58 91.55 12.36 42.16 65.16 19.04 20.19 10.36 23.85 39.69 20.69 32.08 150.15 106.67 214.66 103.46 % change Tier 1 capital Strength $m 74.8 75.8 89.7 70.3 82.4 70.0 69.6 86.5 94.6 88.2 85.0 117.7 94.0 117.4 113.1 177.5 147.0 141.4 119.6 174.5 115.9 166.1 169.1 103.1 133.2 139.6 154.6 158.6 125.3 192.5 150.2 109.2 202.7 208.5 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 12/12 01/13 01/13 01/13 Year end Year ussian ussian Banks 67-100 R Bank Bank Solidarnost Russlavbank Bank Kazanskiy Altabank Tinkoff Credit Systems Credit Tinkoff NOTA Bank NOTA Moscomprivatbank Development Capital Bank Development Bank Severo Vostochny Alliance Vostochny Bank Severo Moskommertsbank Garanti Bank Garanti Moscow Baltic Investment Bank Baltic Investment Investbank Chelindbank Sarov Business Bank Sarov Alef Alef Bank Intercommerz Bank Intercommerz Primsotsbank Surgutneftegasbank International Bank of St Petersburg Credit Ural Bank Ural Credit Mezhtopenergobank Baltiyskiy Bank Baltiyskiy Sudostroitelny Bank Sudostroitelny SDM Bank Bank Tavricheskiy Bank Center Invest Bank Center Invest Sovcombank Metallinvestbank Zapsibcombank Finprombank Gazbank BystroBank Bank First Czech Russian Bank Czech First t op 100 98 99 100 97 76 75 96 77 74 94 93 78 79 80 82 95 92 91 73 81 84 83 70 69 90 85 72 71 67 68 86 87 Rank T100 89 88 Key: L->P – loss to profit to loss – L->P Key:
66 | The Banker | February 2014 February 2014 | The Banker | 67