Forbes: Sberbank, VTB and RosSelkhozBank safest in Russia in 2009.  

By bne IntelliNews March 22, 2010
According to the annual rating compiled by Forbes, the safest banks in Russia in 2009 were Sberbank, VTB and RosSelkhozBank. The rating is calculated based on the most conservative credit rating of Fitch, Moodys and S&Ps, as well as volume of assets, bad loans and capital. Notably, the top-3 safest banks according to Forbes are also the three largest state-controlled banks in Russia . The list overall includes 17 banks vs. 16 banks in 2008 and 8 banks in 2006. Other bank with state participation in the list includes Bank of Moscow and VTB24, VTB North-West, and Russian Development Bank. Another group of banks in the rating are subsidiaries of large foreign financial groups, namely banks such as UniCredit Bank, Raiffesenbank, Citi Bank, RusFinans Bank, Nordea Bank, ING Eurasia Bank, DeltaCredit and BNP Paribas.

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