What Banks in Russia Were the Most Cost Efficient in 2017?

Top Banks by Costs As % Of Income
Banking | Russia | October 01, 2018
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Excel Sheet

Based on a comparison of 16 banks in Russia in 2017, Credit Bank of Moscow was the most cost efficient bank, followed by UniCredit Bank Russia and Sberbank.

Credit Bank of Moscow's cost to income ratio reached 26.8% in 2017, down from 24.6% when compared to the last year. Historically, the bank’s costs reached an all time high of 82.4% in 2007 and an all time low of 24.6% in 2016.

When compared to total assets, bank's cost amounted to 1.39% in 2017, down from 1.04% a year earlier.

When compared to the nearest peers, UniCredit Bank Russia operated in 2017 with a cost to income ratio of 34.4%, Sberbank reached 35.3% and Sovcombank some 37.1%.

The average cost to income ratio reached 79.9% in the Russian banking sector in 2017.

You can see all the banks cost efficiency data at Costs (As % Of Income) indicator page or you can download a report on the Russian banks in the report section.

Costs (As % Of Income) Unit 2010 2011 2012 2013 2014 2015 2016 2017
AK BARS Bank % 414% 56.4% 57.6% 92.5% 42.9%
Alfa Bank % 52.4% 48.6% 46.1% 60.6% 41.9%
B&N Bank % ... ... 88.4% 87.0% 44.1% 26.9%
Bank Of Moscow % 23.8% 62.4% 60.2% 59.9% ... ... ...
Bank Saint Petersburg % 34.8% 45.5% 33.8% 34.4% 29.4%
Credit Bank of Moscow % 42.4% 41.1% 31.2% 33.9% 26.4%
Gazprombank % 39.4% 54.2% 54.1% 56.4% 49.2%
Otkritie Financial Corporation Bank % 47.4% 48.1% 42.8% 63.8% 43.6%
OTP Bank Russia % 38.1% 35.2% 36.6% 42.4% 49.1%
Promsvyazbank % 58.7% 58.4% 51.9% 41.5% 41.9%
Raiffeisenbank Russia % 57.1% 51.4% 46.8% 69.7% 41.1%
Rosbank % 67.9% 65.8% 51.8% 59.5% 76.1%
Russian Agricultural Bank % 63.3% 69.5% 67.7% 92.5% 125%
Sberbank % 46.9% 49.0% 46.6% 43.4% 43.6%
Sovcombank % 42.0% 43.1% 42.1% 50.4% 25.1%
UniCredit Bank Russia % 31.4% 30.8% 25.9% 31.5% 30.7%
VTB Bank % 49.6% 50.9% 52.8% 42.7% 53.9%
AVERAGE % 47.2% 69.3% 52.9% 49.1% 54.1% 46.7% 43.3% 50.6%