Forbes presented a rating of the hundred largest reliable banks in Russia. Sber took first place on the list. According to the publication, the bank’s assets at the end of 2023 amount to 51.37 trillion rubles. Sber has become the leader of the TOP 100 of the most reliable banks in the country for the fifth time. He already held this position in the 2022, 2021, 2012 and 2011 rankings.
Second place on the list is occupied by VTB. According to Forbes experts, the bank’s assets at the end of 2023 amounted to 26.26 trillion rubles. Rosbank took third place in the ranking and its assets are estimated at 2.16 trillion rubles.
In the TOP 10 of the rating, experts also included Raiffeisenbank (with assets of 1.98 trillion rubles), UniCredit Bank (its assets amount to 1.12 trillion rubles), Citibank (with assets of 0.59 trillion of rubles), ING Bank “(which has assets of 0.09 trillion rubles), Deutsche Bank (its assets are estimated at 0.06 trillion rubles), Toyota Bank (with assets of 0.06 trillion rubles) and M-Yu-FG Bank” (0.06 billion rubles).
Gazprombank entered the list of one hundred largest and most reliable banks in Russia (with assets worth 15.91 trillion rubles, it ranks 18th). Alfa Bank is in 19th place in the ranking with assets worth 8.6 trillion rubles. Experts assigned Rosselkhozbank 21st place (its assets amount to 4.78 trillion rubles). Otkritie Bank with assets of 3.4 trillion rubles is on 22nd place, Sovcombank (3.19 trillion rubles) is on 29th, Tinkoff Bank (2.16 trillion rubles) is on 31st, Bank St. Petersburg ( with assets of 1.05 trillion rubles) is in 33rd place.
“Sberbank holds the absolute record among Russian banks in terms of annual net profit received,” Forbes notes. At the end of 2023, it reached 1,508 trillion rubles, a record result in the entire history of the bank. Sberbank’s profitability was 25.3%.
“The bank offers a full range of investment banking services and occupies leading positions in several classic segments of the banking business (for example, in the deposit and lending markets). In its new strategy until 2026, it aims to move to a “human-centered” business model for the development of its ecosystem and expand the scope of application of artificial intelligence,” the rating states.
As Forbes clarifies, when compiling the rating, the publication’s experts were guided by the assessments of the Russian rating agencies ACRA, Expert RA, NKR and NRA. They show the solvency of national banks in rubles.
