10 largest Russian banks by profitability

the Agency RIA rating on the order of AEI PRIME conducted a study of Russian banks. The study included Russian banks, and experts rank them in terms of profitability at the beginning of 2020.

in Addition to indicators of profitability, the study also provided profit figures for last year.

the drafters of the rating note that in the current ranking of banks 181 the Bank was profitable last year. That 90.5% of the total number of banks that were represented in the rating.

This indicator increased in comparison with the ratings on January 1, 2019 January 1, 2018, when the share of profitable banks was 86% and 82%, respectively.

Experts also note that the result last year was the best in 2013, as the share of profitable banks increased significantly.

Below we will discuss the 10 largest banks in Russia in terms of revenue.

1. Sberbank

Sberbank takes first place in terms of revenue in 2019. Profit was 1088.6 billion. The level of profitability of the Bank is 45. For comparison, on January 1, 2019, the savings Bank’s level of profitability was ranked 22nd.

2. VTB Bank

VTB Bank ranked second in terms of revenue with the index of 167.1 billion. In this case, the level of profitability the Bank is only 142 place. For comparison, on January 1, 2019, the level of profitability of the Bank was on the 54th place.

3. Alfa-Bank

the Third place on volume of net profit for the 12 months is Alfa–Bank with the same period in 69.1 billion. The level of profitability the Bank takes 106th place, and a year earlier, on January 1, 2019, Alfa-Bank entered the top ten banks in terms of profitability, and ranked 9th.

4. Bank ” GPB ”

Gazprombank was in fourth place in terms of profit. Over 12 months the profit of the Bank reached 62 billion rubles. The level of profitability of the Bank is 151, and the year before the Bank was 153 place of profitability.

5. Bank trust

completing the top five the largest Bank in Russia in terms of income, the Bank trust with an index of 57.8 billion rubles. The level of profitability, the Bank ranks 32. For comparison, a year earlier, the Bank took 199 place in terms of profitability among Russian banks.

6. Credit Bank of Moscow

In sixth place in terms of revenue – credit Bank of Moscow. Over 12 months the profit of the Bank amounted to 50.7 billion rubles. In terms of profitability, the Bank takes 90 place among the Russian banks. For comparison, a year earlier, credit Bank of Moscow was on 140 place in terms of profitability.

7. The Bank FK Otkrytiye PAO

the Bank FK Otkrytiye PAO was in seventh place in terms of net profit in 2019 with an index of 48.7 billion rubles. While the level of profitability of the Bank is the 97th. For comparison, a year earlier in terms of profitability, the Bank was ranked 167.

8. Raiffeisen Bank

the Eighth place on volume of profit is Raiffeisen Bank with the index of 48.1 billion rubles. In terms of profitability, the Bank ranks 43rd. A year earlier, the level of profitability of the Bank was on the 30th place among the Russian banks.

9. Sovcombank

On the ninth place in terms of net profit in 2019 – Sovcombank with increased 45.7 billion. The level of profitability of the Bank occupies the 35th place, while a year earlier it was at 61 in the ranking of Russian banks.

10. Tinkoff Bank

Closes the top ten banks in terms of profit Tinkoff Bank with the same period in 34.9 billion. The level of profitability of the Bank is the 13th. A year earlier, on 1 January 2019, the Bank was the 6th place in terms of profitability.