The Central Bank approved the list of systemically important banks

The Bank of Russia approved a list of systemically important credit institutions of 13 banks, reported press service of the regulator.

The Central Bank clarified that systemically important banks account for 78% of the total assets of the Russian banking sector.

The list includes credit organizations that previously had the status of systemically important: UniCredit Bank, Gazprombank, Sovcombank, VTBAlfa Bank“, Sberbank“Moscow Credit Bank”, FC “Otkritie”, RosbankTinkoff Bank”, PromsvyazbankRaiffeisenbank and Rosselkhozbank.

The Central Bank annually approves a list of systemically important banks. The current list has not changed since 2021. Then “Tinkoff Bank”. The list includes the largest credit institutions, the financial condition of which determines the stability of the banking system. According to the methodology, it should include banks that account for at least 60% of the sector’s total assets.

In September, Central Bank Chairman Elvira Nabiullina reportedthat by the end of 2023, the profit of the Russian banking sector could reach up to 3 trillion rubles. According to her, this is a good foundation for the stability of banks.

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