Russia’s banks are still facing huge challenges. In this latest ranking based on 2015 results, 35 of the top 100 financial institutions were loss-making in fiscal 2015, 19 of which had still been reporting profits in the previous year. Only 41 banks reported higher profits in 2015 than in 2014, while a mere 19 institutions increased their Tier 1 capital.
But Russia’s banks are likely to see some improvement in their 2016 results and, consequentially, in next year’s ranking. According to central bank governor Elvira Nabiullina, financial institutions as a whole became more resilient to external shocks in 2016 and their capitalisation is now sufficient.
