Bank Vozrozhdenie improved its ranking in Top 1000 world’s most authoritative banks

26 August 2013

Bank Vozrozhdenie was ranked 790th among 1000 world’s most authoritative banks, according to the version of British magazine The Banker.

The survey studies the bank’s key performance indicators for 2012, considering the amount of Tier 1 capital in accordance with Basel standards as the main criterion. For Bank Vozrozhdenie, the figure stood at $604 mln*, up 16% from the result of the previous year. The bank improved its position by 14 places to be ranked 790th in the overall list. We also took 332th place by business sustainability, calculated as Tier 1 capital divided by assets, which came in at 8.78%*.

It’s noteworthy that in 2012 Bank Vozrozhdenie assets rose up to $6.9 bln. Net profit advanced to $77 mln, up 55% versus the prior-year period bringing ROE to the level of 11.9%.

* In accordance with the data provided by The Banker

Bank Vozrozhdenie Board of Directors held a regular meeting
Bank Vozrozhdenie earned RUB 521 million of net profit during H1 2013