Banks with the government’s interest – Sberbank, VTB and Gazprombank –still lead in The Banker’s rating.
Photo: Igor Kazanovskiy
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Britain’s Analysts Check Russian Banks for Fragility
The Banker has compiled the 2005 rating of Russia’s 50 top banks judging by tier 1 capital. All dynamics notwithstanding, the banking sector of Russia remains system fragile, signaled The Banker’s analysts.
The banks with the government’s interest – Sberbank, VTB and Gazprombank –still lead in The Banker’s rating. Other majors are Uralsib, Mezhprombank, National Reserve Bank, Alfa Bank, Vneshekonombank, MDM Financial Group, the Bank of Moscow respectively.
Uralsib Financial Corp. that jumped from the 11th to the fourth score during a year manifested the most impressive performance generally attributed to consolidation of Uralsib bank, Avtobank-NIKoil, IBG NIKoil, Bryansk People’s Bank and Kuzbassugolbank into a single group.
Despite the general growth in tier 1 capital, two banks suffered some decline. Russian Bank for Reconstruction and Development (RosBR) narrowed 4 percent to $204 million, and Trust Bank shed 4.7 percent to $117 million.
Though the movement of banking sector in Russia is rather positive, its future is still obscure, according to the analysts. One of the flaws is its system fragility that roots in the bank management and the lack of transparency of ownership structure, according to The Banker.
The system fragility, said Interfax analyst Mikhail Matovnikov, means “potential possibility of crisis irrespective of banking system’s development.” As to The Banker’s rating, it has been compiled in view of 2005 IAS reports, so it will be hardly of high priority for Russia’s business, Russia’s analysts speculate.
www.kommersant.com
All the Article in Russian as of Nov. 07, 2006
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