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.

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335