What Banks in Russia Were the Most Profitable in 2017?

Based on a comparison of 19 banks in Russia, Sberbank produced the highest net profit in 2017, followed by VTB Bank and Alfa Bank.

Sberbank made a net profit of RUB 733,940 mil, up 35.8% compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 733,940 mil in 2017 and an all time low of RUB 13,553 mil in 1997. The average profit in the last five years amounted to RUB 433,312 mil.

The bank generated an average return on equity of 18.2% for its shareholders in the last five years with a maximum of 23.5% and a minimum of 10.3%.

Comparing Sberbank with its closest peers, VTB Bank generated a net profit of RUB 136,260 mil with a ROE of 9.42% in 2017, Alfa Bank netted RUB 47,069 mil (ROE of 13.2%) and Gazprombank announced a net profit of RUB 33,822 mil giving a ROE of 6.31%.

The net profit of the Russia’s banking sector amounted to RUB 503,411 mil in 2017, down 23.2% compared to the previous year. Heading up the rankings, Sberbank accounted for 146% of the sector’s net profit in 2017. The top 3 companies held a 182% share while the five largest firms some 195% in 2017.

You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Russian banks in the report section.