© RIA Novosti, Vladimir Trefilov
RIA Rating – 31 Mar. the Russian banking sector in February was characterized by relatively high growth rates of assets, which was due to currency revaluation. According to the Bank of Russia, net assets for the month rose in nominal terms by 1.5 percent, or 1.5 trillion rubles, while the actual growth amounted to only 0.3 percent. It is worth noting that the dynamics of assets in February were significantly better than the same period of the previous year, which in nominal terms, the assets are not changed, but real growth was only 0.1%.
In General, since the beginning of the year (January-February) assets in nominal terms rose by 1.4% and the real fell 0.2 percent. On a moving 12-month stretch ending March 1, 2020, assets of banks grew by 6.4% in nominal terms and 5.9% in real terms. For comparison, a year earlier, the increase in real terms on a 12 month rolling segment was much more – 7.9 per cent. According to experts RIA Rating, the nominal asset growth in the near future can be quite large, due to several factors. First, the weakening of the ruble the population makes large purchases including loans. Second, the currency revaluation will continue to make a positive contribution to growth.
To assess the situation in the context of individual credit institutions, the Agency RIA Rating carried out the analysis and prepared the rating of the largest Russian banks by assets at the end of February 2020. The ranking presents data on March 1, 2020 for 432 credit institutions of Russia, which published the reporting according to the form №101 on the website of the Central Bank of the Russian Federation. The rating methodology involves the aggregation of circulating statements.
According to the study, in the first two months of 2020 the total assets in nominal terms rose from 189 credit institutions or 44,5% of the banks represented in the ranking with the statements on 1 March. Despite the overall growth of assets the share of banks with positive dynamics is strongly reduced compared to January. In the first month of the current year were 52% of banks with asset growth, that is in February, many of them lost their gains and are now showing a decrease.
The top five banks had the greatest relative growth of assets are among the hundred largest banks in January-February was mainly represented by foreign banks. JSC «Bank Credit Suisse (Moscow)» almost four times increased the assets for two months at ING BANK (EURASIA) JSC assets have doubled, and JSC «COMMERZBANK (EURASIA)» characterized by growth in January-February 2020 24%. All these banks mostly showed a gain at the expense of interbank lending. Also in the top five leaders in the growth came in MCB Bank (PJSC) (+22%) and PAO «Promsvyazbank» (+21%). All five of these banks has significantly improved its position in the ranking. JSC «Bank Credit Suisse (Moscow)» show progress on the 73 positions, while the remaining banks of five leaders rose to the different number of seats from two to 17 at Promsvyazbank from Commerzbank (EURASIA).
In the top ten in terms of assets 7 banks in January and February were characterized by a nominal asset growth. Banks with lower assets among the largest were: VTB Bank, NGOs, NFPs and the Russian agricultural Bank, whose total assets fell by 1.6%, 2.2% and 2.7%, respectively. On the other hand, the greatest relative growth of assets was observed in the previously mentioned PSB (+20,8%). Also a fairly large increase of assets characterized by UniCredit Bank (+20%), trailing in the current ranking of the top ten (+2 positions in the ranking for two months).
The largest Bank in Russia and Central and Eastern Europe, Sberbank, as of March 1, 2020 had assets in the amount of 29.5 trillion rubles, accounting for 30.1% of total assets of all Russian banks on March 1, 2020. In January-February, the assets had grown by 0.6%, or 185 billion rubles. The second by size Russian Bank – Bank VTB in the beginning of the year was characterized by decrease of assets of 1.6%, or 238 billion rubles.
The rating of banks in terms of assets on March 1, 2020 in PDF format >>
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