20 October 2014
Bank Vozrozhdenie confirmed its positions in Top 400 largest Russian companies by sales. The bank was the 328th in Expert-400 ranking based on 2013 results. It was also listed among Top 100 companies by market capitalization as of September 1, 2014, according to Expert RA rating agency.
The underlying indicator for Expert-400 ranking is sales volume or characteristics of similar economic substance. For banks, gross interest and fee & commission income in line with IFRS results are considered.
By the end of 2013, Bank Vozrozhdenie core income stood at RUB 24,190 mln. RUB 19,018 mln thereof fell to interest income mostly contributed by corporate lending — generally to SMEs — and mortgages. Fee & commission income was RUB 5,172 mln, largely earned from settlement, cash and bank cards transactions.
A company’s capitalization in the ranking is calculated by multiplying its ordinary share price by the number of the shares. As of September 1, 2014, V.Bank’s capitalization came in at USD 250.5 mln, putting the bank to the 93th place of the Top 200 largest companies by market capitalization ranking, 6 positions up from the previous year’s result.