Credit Bank of Moscow is on The Banker’s TOP 50 Russian Banks list
The well-known British financial journal “THE BANKER” (Financial Times’ business edition) published its regular Top 50 Russian Banks Ranking by Tier I capital and total assets reported to IAS/US GAAP as of December 31, 2003.
Credit Bank of Moscow (CBM) was ranked 48th by Strength (Tier I Capital); 41 by Assets; 22nd by Soundness (capital/assets ratio); 41 by Profits growth; 36th by Performance (Profits/Av. Capital ratio) and also 36th by Return on assets.
The Banker says the growth in Russian banking system reflects the buoyant nature of the Russian economy, in which GDP grew 7.5% in 2003 and is forecast to grow 6.8% this year. Despite turbulence in the banking system this summer, the overall forecast is good for the financial sector.
The Banker is one of the world's leading financial journals providing a truly global perspective through its coverage of over 120 countries during the year. News articles include coverage of retail and investment banking, capital markets, FX & treasury, global securities services and banking technology, as well as country and regional surveys.