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Wednesday, November 13, 2019

NIKOIL - RUSSIA: URALSIB Bank took 15th place among banks in the RAEX-600 rating

Nikoil - Russia issued the following announcement on Oct. 10.

URALSIB Bank entered the Top 15 largest banks in the Expert-600 (RAEX-600) rating , in which the largest Russian companies were ranked by the volume of sales according to the results of 2018. At URALSIB Bank, this indicator - the amount of interest and commission income (before expenses) in accordance with IFRS - for 2018 amounted to 55.1 billion rubles.

Compared to the previous RAEX-600 rating, URALSIB Bank climbed 2 positions in the bank classification.

The annual rating of 600 largest Russian companies (RAEX-600) is compiled annually, starting in 1995. An indicator characterizing the annual volume of sales of products (works, services) was adopted as the main criterion for compiling the rating. In cases where, due to the specifics of the companies ’activities, this indicator cannot be applied (for example, for banks, insurance and leasing companies, private pension funds), financial reporting data that is closest to it in economic sense is used. For banks, this is the sum of interest and commission income (before deducting expenses).

Original source can be found here.

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