SKB-Bank Gets on Top25 List

Russian banks keep making more profits, even though this growth isn’t as fast as during the previous periods. According to RBC.Rating, the consolidated net profit of 500 Russian banks that were featured in the rating for the first half of the year came to nearly 402bn RUR, which is only 14.5% more than on July 1, 2011, SKB-Bank’s press service reports.

However, some banks’ indicators are many times better than the median figures. For one, SKB-Bank’s net profit rose by over two times and came to 1.787bn RUR. This brought the bank on the list of Russia’s top 25 most profitable lending institutions and made it a profit leader among the Urals-based banks.

The authors of the rating point out that the number of banks that incurred some losses in the last quarter has gone up: there were 50 banks in last year’s list of outsiders and as many as 92 in this year’s one.


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