Choosing the most reliable bank in Russia for making a deposit, applying for a loan or other purposes is the primary task of most potential customers. How to choose an organization? Is there a list of the most reliable banks in Russia, by what parameters is it determined? All these questions are of interest to citizens who plan to take advantage of the proposals of such organizations.
Reliability concept
Before raising the question of which is the most reliable bank in Russia, you should familiarize yourself with the direct definition of reliability. Reliability is understood to mean the ability of an organization to fulfill obligations in relation to its customers in a timely manner. These factors include a wide variety of criteria - from the necessary documentation to the rating of a particular organization. Reliability can be indicated by payments on time, for example, funds on deposits. In addition, providing suitable conditions for customers is an essential criterion for the stability of a banking organization.
It should be noted that if the history of a bank in Russia has a long period, then such an indicator is rightfully considered the most important evidence of its reliability.
Thus, given all the criteria, the organization can be confidently called the most reliable bank in Russia.
Reliability criteria
As mentioned earlier, reliability criteria may include several indicators. In particular, licenses for the right to carry out activities in this area are one of the important factors of importance, but not the only one.
When forming the reliability rating, other equally important criteria are taken into account, for example, such as: liquidity indicator, sufficient capital, suitable refinancing rate, risk level in assets, profitability and others.
What does the rating of banks mean?
Ratings are always of particular interest to citizens. Before determining which bank of Russia is the most reliable, it is necessary to clarify the essence of the term “rating”. This word (from the English rating) refers to the order, rating, classification of a particular object or subject in accordance with the established scale. This is an assessment of the work of the institution based on its performance indicators. The rating is determined by the criteria that have been parsed.
There is no special general assessment system for bank reliability in world practice, since there are significant differences and, therefore, requirements for their activities. A financial institution can be considered reliable if there is sufficient fixed capital, liquid balance, solvency and the necessary requirements for the quality of capital, as well as the implementation of activities in accordance with legislative standards. The amount of points for this method is used in determining the rating of a particular bank by a combination of factors. Such ratings provide an opportunity to monitor the work of the institution within and from the control organizations. The most reliable bank in Russia, based on them, is the one that scored the most points.
Who does the rating
Of course, not all organizations have the opportunity to draw up an appropriate classification of banks. This work is carried out, as a rule, by independent institutions,
specializing in this field: mass media, various associations (for example, journalists), informal entities (which have the right to evaluate for a specific category), special rating agencies and others.
Later, after carrying out all the evaluation activities, the relevant results of the work done are publicly shown in the form of an assessment or sorting of the participants (1st place, 2nd place, etc.).
Rating Types
Nominations in ratings can be various - from standard stereotypical to rather unusual, and it all depends, first of all, on the purpose of the event and the audience.
In relation to the Russian Federation, the rating of the most reliable banks in Russia is compiled according to certain criteria. Common types are:
- by assets;
- on deposits physical persons (taking into account the total amount of customer deposits);
- for loans to individuals (taking into account the total amount of loans);
- consumer (taking into account the level of trust of direct customers of the organization).
TOP-10 banks by reliability criteria
Who is the leader? If we consider the 10 most reliable banks in Russia by all criteria, then we can confidently distinguish the following organizations that have been steadily operating for more than a year and enjoy authority not only among citizens, but also have all the necessary licenses and documents in accordance with the law:
- Savings Bank of the Russian Federation.
- "VTB 24"
- Gazprombank.
- Russian Agricultural Bank.
- "Bank of Moscow".
- "Alfa Bank".
- Nomos Bank.
- Unicredit.
- Promsvyazbank.
- Raiffeisenbank.
Now choose the most reliable bank in Russia is not difficult.