Forbes says SKB-Bank is one of Russia’s top 5 most reliable banks
7 August 2014 (13:07)
August 7, 2014. SKB-Bank proved one of the country’s top five most reliable banks according to Forbes, the bank’s press service reports.
The magazine drew up a rating of Russia’s fifty largest banks based on the difference between their assets and liabilities to be redeemed within a year.
‘The bigger the negative liquidity gap is, the more a bank needs some money. Such banks typically finance their long-term investments through short-term money, which is extremely risky, since the bank might not have enough funds to pay back its depositors and investors who come for their money within a year. Quite on the contrary, a bank with an impressive positive liquidity gap is quite stable financially and can meet its financial obligations,’ the bank says.
Only sixteen banks out of the fifty largest banks in the country (largest in terms of asset volume) have a positive liquidity gap between their assets and liabilities. SKB-Bank is one such bank that Forbes says is one of Russia’s top five most reliable ones.
The magazine drew up a rating of Russia’s fifty largest banks based on the difference between their assets and liabilities to be redeemed within a year.
‘The bigger the negative liquidity gap is, the more a bank needs some money. Such banks typically finance their long-term investments through short-term money, which is extremely risky, since the bank might not have enough funds to pay back its depositors and investors who come for their money within a year. Quite on the contrary, a bank with an impressive positive liquidity gap is quite stable financially and can meet its financial obligations,’ the bank says.
Only sixteen banks out of the fifty largest banks in the country (largest in terms of asset volume) have a positive liquidity gap between their assets and liabilities. SKB-Bank is one such bank that Forbes says is one of Russia’s top five most reliable ones.
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