Forbes: Sberbank tops Russia’s most reliable banks list

MOSCOW, Mar 23 (PRIME) -- National top lender Sberbank has been ranked Russia’s most reliable bank, according to a ratings list published by Forbes on Thursday.

Sberbank has a Ba2 rating from Moody’s and BBB- from Fitch. Its assets stood at 22.337 trillion rubles as of January 1, and capital adequacy rose to 13.7% from 11.9%.

UniCredit was ranked the second most reliable bank, while Rosbank, a unit of French banking group Societe Generale, obtained the third place. Raiffeisenbank, a unit of Raiffeisen Bank International (RBI), is on the fourth place, and Citibank, a unit of the U.S.’ Citigroup, is on the fifth.

The banks are followed by Russian subsidiaries of Intesa and Bank of China, VTB, Gazprombank, Russian Agricultural Bank, and Alfa-Bank.

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