Reliability ratings of the largest banks in Russia

In 2010, banks increased assets by 14.9% to 29.43 trillion to 33.80 trillion, greatly improving the dynamic performance. High rates of growth of assets among the top 100 banks have demonstrated "Discovery", "International Finance Club," "Russia" and Nota-Bank. Urgent establishment during the crisis, "safety cushion" has reduced the need for additional capitalization of the system, and so banks' own funds for the year increased only by 2.4%. But for some banks have relied on rapid growth (or reduction) in the period of uncertainty, the general rule does not work: the amount of capital more than doubled, "the Russian capital", "International Finance Club," "Discovery," "Russia" Rosbank and "Union". Reduction of capital from several lending institutions out of the top 100 was mainly due to repayment of subordinated loans and the growth of investments in subsidiaries or affiliates. The process of consolidation of the sector has become larger. In the past three months there have been several major deals in the market M & A. Nomos-Bank has issued over control of the Khanty-Mansiysk Bank. Rusfinansbank DeltaCredit and became 100% subsidiaries of Rosbank in accordance with the plan of consolidation of assets of SG. Expansion in the banking sector continued group VTB, VTB acquired stake in TransCreditBank, as well as shares of Bank of Moscow, which had earlier belonged to the Moscow government. Reduction of capital because of losses received fixed a small number of banks. Profitable banks among the top 100 has more. The leaders of the net profit in 2010 were expected Sberbank, VTB, Gazprombank, VTB 24 Bank of Moscow. Net interest income of the banking sector decreased by 2.9%. So, in 2010, banks were net interest income of $ 1.0516 trillion rubles in 2009 - 1.0831 trillion rubles. Profitability improved sector: return on assets increased from 0.7 to 1.9%, while return on equity - respectively from 4.9 to 12.5%. The reason for growth - reducing payments to the banks reserves. Of the organizations rated eight ended the year with a loss. The dynamics of legal and natural persons in the liabilities of the sector was positive. Funds on accounts and deposits of legal entities increased by 16.8% from 9.64 trillion to 11.26 trillion rubles. The growth rate of deposits was much higher. Despite a continuing decline in yield and the inflation rate, retail deposits for the year increased by 31.2% from 7.48 trillion to 9.81 trillion rubles. But the growth of banks' loan portfolios is quite modest. Corporate portfolio increased by 12.1% to 12.54 trillion rubles to 14.06 trillion, and retail - by 14.3% from 3.57 trillion to 4.08 trillion rubles. The positive moment for the sector is the decline in the share of non-performing loans and in loan debt from 9.5 to 8.2%. Banks' capital of Russia ", National Reserve Bank, Sobinbank," HLB-es-BBC Bank (RR) "," Union, "Svyaz-Bank, ING Bank (Eurasia) recorded a significant decrease in RAS share of overdue debt in loan portfolio. The stock market took some excess liquidity and sector. Banks are actively buying government bonds and Bank of Russia bonds, debentures of corporate issuers and eurobonds. On the stock market returned issuers are not the best credit quality. It can be noted that, in spite of several resonance collapses that occurred in the second half of 2010, the banking system managed to avoid the many risks and to maintain growth potential. Explosive growth did not work - do not expect it in the current year, but bankers and do not seek to repeat the credit boom, which was observed before the crisis. For them, the more important to prove that they are able to operate normally and remain at a profit without government help and the Central Bank. We assign a rating GLOBEXBANK GLOBEXBANK at 'BB-'. In 2010, the main sources of funding of the bank are funds raised through issues of securities and funds of credit institutions (interbank loans and deposits, funds for loro accounts). Capital ratios are high, but with the growth of the loan portfolio will decline gradually. In August 2010, held an additional issue of shares amounting to 5 billion rubles in favor of the shareholder (Vnesheconombank). As assets have seen a dramatic growth in corporate lending, as well as an increase of investments in bonds and shares of corporate issuers. The low level of arrears due to the fact that the credit portfolio is formed in the last two years (ie after the end of the financial recovery). Bank of inherent high level of concentration on the clients and industries. In 2010, a gain of $ 968.62 million rubles. WestLB Vostok We assign ratings to the bank, "WestLB Vostok" at "BB". The Bank is a subsidiary credit institution German Westdeutsche Landesbank Girozentrale. The main source of funding - long-term interbank loans and deposits attracted from non-resident banks (67.3% in liabilities on February 1, 2011). Active bank's operations are focused on providing loans to non-resident banks, as well as on investments in bonds issued by Russian banks and lending to corporate customers. Liquidity and capitalization are good. In 2010, a gain of $ 325.94 million rubles. Royal Bank of Scotland We set rating Royal Bank of Scotland at 'BB'. Majority shareholder in companies within The Royal Bank of Scotland Group plc (Scotland), is a Solicitor For The Affairs of Her Majesty's Treasury as Nominees for Her Majesty's Treasury (UK Government department). Liabilities of a bank formed by means of corporate clients from the manufacturing sector, oil and gas industry and commerce, as well as long-term loans, attracted by a non-resident banks. Active bank's operations are short-term interbank loans granted to non-resident banks of RBS, as well as investments in bonds and loans. Liquidity and capitalization are good. In 2010, a gain of $ 1.67816 billion rubles. Orient Express We assign ratings of "Orient Express Bank" at "B +". In 2010, the bank became an active participant in the market M & A, attaching Rostpromstroybank, Kama Bank, City Mortgage Bank and Santander Consumer Bank. The main activity - retail business. Acceptable asset quality, level of outstanding debt (in comparison with those of other retail banks) moderate (5.96% of the portfolio). By January 1, 2011 standard capital adequacy ratio fell to 11.6%. Reduction of capital occurred after the purchase of Santander Consumer Bank. In 2010, a gain of $ 2.12973 billion rubles. Gazprombank VBB VBB-rating upgrade due to the bank's steady growth in the year of customer funds, continuing a moderate asset quality and low levels of arrears in the loan portfolio. Profitability improved in 2010, the financial result of the bank increased by 57.3% to 14.46042 billion rubles. HSBC es BBC Bank (RR) BB BB-The downgrade of the bank due to the deterioration of profitability. In 2010, the bank incurred a loss of $ 270.34 million rubles. The good news is that during the year, the bank reduced the level of outstanding debt by 11.5 percentage points to 8.7%. Ratings can be revised after the improvement of profitability. UniCreditBank BB-BB in the third quarter of 2010 rating was downgraded UniCreditBank because of the deteriorating standard of current liquidity. On January 1, 2011 H3 improved to 69.84%. Negative factors in the bank's available. Asset quality is acceptable. Profitability improved. Surgutneftegazbank BB-B + The downgrade of the bank associated with a reduction of equity (capital) in 2010 to 29.3% (from 5.62 to 3.98 billion) due to losses and the obtained reduction of the residual value of the subordinated loan. Due to deterioration in asset quality has increased spending on bank provisioning. In 2010, Surgutneftegazbank was a loss of 894.51 million rubles. Liquidity ratios - good. PSB in the B + Bank ended the year with a profit of 475.9 million rubles-lei. In December 2010, arrears to the bank's credit portfolio decreased from 31.73 to 27.59 billion rubles, and the amount of provisions decreased from 46.21 to 42.95 billion rubles. Capital ratios have improved, but the standard of capital adequacy, the bank is traditionally low. Beginners list has changed the composition of banks, closing rating. The list includes credit institutions, which showed a high rate of asset growth in 2010, "International Finance Club" (97th place), NOTA-Bank (98 th), the bank "Tauride" (99th place), ChelindBank ( 100 th place). Banks are assigned ratings, if they remain in the top 100 in the first quarter of 2011. Complete the security rating is Russia's largest banks-http: / / www.finansmag.ru/96765