As official reports show, the rate of profit growth in the banking sector is gradually declining. For 9 months of 2013, the aggregate profit of banks decreased by 1.88% compared to the same indicator in 2012.
The number of credit organizations, whose activity brings only losses, has also increased. There are more than a hundred such banks on the market.
In the current selection, we will demonstrate the most profitable and unprofitable banks in Russia as of the end of the 3rd quarter of 2013
The most profitable Russian banks
5. VTB 24 (profit as of 01.10.2013 - 15,936 million rubles)
Unlike the “senior” VTB Bank, retail VTB 24 significantly reduced its profit for the year. Compared to the three quarters of last year, the bank's profit fell by 40%, and it dropped from last year's fourth place to fifth.
4. Alfa-Bank (23,333 million rubles)
The profit of the largest private bank in Russia grew by 25% over the year. In last year's rating, Alfa-Bank was fifth, and in the current one it has moved up one line.
3. Gazprombank (32,021 million rubles)
During the year, the bank's profit fell by 15% or more than 5 billion rubles, which contributed to the movement of Gazprombank from the second line to the third.
2. VTB (48,322 million rubles)
In last year's rating, the bank was only sixth in the profitability rating. However, this year, VTB's profit grew by 244%, which immediately made the bank one of the the most reliable in 2014.
1. Sberbank (286,167 million rubles)
The most profitable bank on the Russian market demonstrates constant growth. So, in comparison with the three quarters of last year, the growth was 6.27%
The most unprofitable Russian banks
5. MTS-Bank (666 million rubles)
Despite the presence of a loss, the bank has significantly improved its operating results in comparison with the previous year. The value of negative fin. result decreased by 83%. And this gives good reason to believe that MTS-Bank will soon leave the ranks of outsiders.
4. National Reserve Bank (737 million rubles)
The bank's loss significantly decreased in comparison with the same indicator of the previous year (by 66%). However, NRB has not yet succeeded in achieving a positive financial result. Perhaps the credit institution is gradually "winding down" its activities, because the management is actively reducing the bank's personnel.
3. Renaissance Credit (744 million rubles)
If the financial result of the bank is not encouraging, then the growth of its assets is impressive. In comparison with the three quarters of last year, this figure has grown by almost 38%. Since the bank specializes in consumer lending, losses can be explained by the additional accrual of provisions for possible loan losses. Additional redundancy is associated with toughening requirements of the Central Bank.
2. Petrokommerts (1,279 million rubles)
Last year, following the results of three quarters, the bank showed profit. However, this year, despite losses, Petrokommerts managed to increase its assets by 7% and still remains an influential player in the banking market.
1. MDM Bank (2 660 million rubles)
The most unprofitable bank in Russia even last year on October 1 showed the presence of profit.The bank explains this situation by the fact that the loss arose due to the requirements of the Central Bank for additional accrual of reserves. By the end of the year, the bank expects to return funds from the reservation.