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IBA-Moscow ranks 133rd at ranking of largest banks of Russia

IBA-Moscow ranks 133rd at ranking of largest banks of Russia

16 November 2012 08:16 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. The International Bank of Azerbaijan’s subsidiary organization in Russia IBA-Moscow ranked 133^rd at the ranking of Russian banks by RBC Agency for net assets as of October 1.

APA-Economic says as of October 1, the bank’s net assets stood at RR 24.989 bln (AZN 625 mln). According to ranking, IBA-Moscow’s net assets rose 36.7% year-on-year.

The ranking was headed by Sberbank with the assets in amount of RR 12.538 trillions (AZN 313.5 bln). The second and third places were held by VTB (RR 4.023 trillions and AZN 100.6 bln) and Gazprombank (RR 2.658 bln or AZN 66.5 bln).

Note that totally 893 banks participated in the ranking.

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