Banking specialists in Russia argue about the number of financial institutions necessary for the normal functioning of the economy and maximum comfort for the population. There are definitely no numbers that suit all. Today in Russia about 680 banks are registered. And to some this quantity seems excessive, to others - obviously insufficient.
The population is more interested in not the quantity, but the quality of banking structures, so the top 10 banks in Russia will always be a very relevant rating.
1. Sberbank of Russia
This bank, according to the majority of the country's population, is the only financial institution that can be trusted. This is especially true for people aged who still remember the Soviet era. The predecessor of the current organization was Sberbank of the USSR. Carrying out banking operations for a Soviet citizen was associated only with manipulations with a bluish little book, and the savings book was the only guarantee of relative financial prosperity.
Today, the population has broader financial thinking, but the most advanced owner of a dozen bank cards understands that the most stable bank today is Sberbank of Russia. Its power is based on state support, on control by the Central Bank of the Russian Federation. The volume of assets at the beginning of 2016 is about 226,433,146 dollars.
2. VTB
VTB Bank, formerly called Vneshtorgbank, is the second largest asset in Russia. In terms of authorized capital, this banking institution is the first in the country. The largest shareholder (60.9%) is the government of the Russian Federation represented by the Federal Agency for State Property Management, and the Minister of Economic Development of the Russian Federation Alexei Ulyukaev is the chairman of the VTB Supervisory Board.
The volume of assets is 8 742 464 dollars.
3. Gazprombank
The third largest bank in the country in terms of active assets, like all the largest banks in Russia, has a developed customer service network. Originally created to serve enterprises associated with gas production, today Gazprombank is one of the largest investors in various sectors of the economy, industry, culture, sports, etc.
A distinctive feature of this financial monster is its active work in the foreign finance market. Its entry into the top 10 banks of Russia in terms of reliability is largely due to a successful investment policy in relation to securities of foreign origin. At the beginning of 2016, Gazprombank's assets amounted to $ 4,984,239.
4. VTB 24 Bank
This bank specializes mainly in servicing individuals and financing small and medium-sized enterprises. Guta-Bank also dealt with this, unable to withstand the 2004 interbank crisis and bought back by the then Vneshtorgbank. As a result, a subsidiary financial institution was organized on the basis of the purchased structure - one of the parts of the entire VTB banking group, which is a separate line in the top 10 banks in Russia.
The volume of assets is $ 2,873,642.
5. Otkritie Bank
This bank has arisen on the basis of several financial companies united under the Otkritie Holding brand. The activities of this financial corporation, created on the basis of the Khanty-Mansiysk Bank and aimed at strengthening the stability of the country's banking system, received the support of the Russian authorities, and, therefore, a few additional points to ensure its reliability. It is located exactly in the middle of the list of the top 10 banks in Russia (according to the Central Bank).
Representative offices, thanks to the bank’s active investment policy, are available in all major Russian cities. The volume of assets is 2,813,360 dollars.
6. Russian Agricultural Bank
Another institution that is part of the largest banks in Russia and is wholly owned by the state. The sole shareholder is Rosimushchestvo, the Federal Agency for State Property Management. Although, in the light of recent events, the government announced that there are plans to attract private investors for the past 2016. In the meantime, the chairman of the board is D. N. Patrushev (the eldest son of the chairman of the Security Council of the Russian Federation), and the chairman of the supervisory board is Minister of Agriculture Alexander Tkachev. This is a serious factor of reliability.
The size of assets is $ 2,551,779.
7. Alfa Bank
The largest private commercial bank in the Russian Federation. He is one of the few private ones who managed to survive the banking and financial crises of recent times, and now is one of the top 10 banks in Russia.
The activities of this financial institution are distinguished by flexibility and initiative in investment policy, innovation in the organization of financial services. One of the first in his country to have an Internet bank, he is actively developing the most advanced methods of working with payments - for example, a watch with a built-in bank card.
The amount of assets involved is $ 2,166,341.
8. "Bank of Moscow"
Another bank actually owned by VTB Group. Created in the early 90s with the attraction of funds from the city budget of the Russian capital, it subsequently became an object of investment from Vneshtorgbank. Has several "daughters" abroad. By the spring of 2016, an official merger with the VTB group is planned.
The volume of assets is $ 1,753,618.
9. “National Clearing Center”
This financial institution is a subsidiary of the Moscow Exchange Group. It is in its full possession and created to provide clearing, i.e. cashless payments between participants in financial transactions conducted by the exchange.
The size of the assets of this bank is $ 1,397,028.
10. UniCredit Bank
The owner of this bank is UniCredit Bank Austria AG (Austria, Vienna), which is part of the Italian financial group UniCredit. This is the country's oldest commercial bank. It was founded in 1989 with the participation of several private corporations and was first named “International Moscow Bank”. The institution acquired its current name in 2007.
The financial structure that closes the rating of the top 10 banks in Russia has net assets of $ 1,320,713.