SKB-Bank hits Russia’s Top 20 list

23 May 2011 (09:17)

The Finance magazine came up with a ranking of Russia’s largest banks in terms of asset profitability in the first quarter of 2011. The main rating criterion used was ROA, that is, the ratio of the pre-tax profit in the first quarter to the average asset volume in the same three months of the year.

SKB-Bank, with its ROA at 3.52%, was among Russia’s top 20 most profitable banks and was given the 16th position on this list. What is more, the bank was rated the most profitable bank in Ural Federal District and second most profitable bank in Sverdlovsk Region. The bank’s net profit reached 712m RUR in the first quarter of 2011, while its assets amounted to 83.5bn RUR.

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