Top 10 banks in terms of loans

ranking 12/12/2019

Because of low consumer`s demand and slowdown of inflation to projected values, the Bank of Russia moved to easing of monetary policy. The main tool of the regulator is the key rate: currently it amounts to 6,5%. On the next meeting of the Board of directors of the Bank of Russia, that will be held on December 13th, a decision, possibly, will be taken for further lowering of the key rate. Taken measures should encourage bank lending, and, consequently, revival of demand.

The key rate is the main tool to implement monetary policy. The Central Bank of the Russian Federation sets the key rate in order to influence the level of loan rates in the country's economy. In fact, the key rate is the interest rate at which the Bank of Russia lends money to commercial banks.

Sberbank of Russia is the leading bank in terms of the volume of loans granted to natural persons: on November of 2019, loan portfolio achieved 7 101 billion RUB, that amounts to 41,6% of the total volume of provided loans (s. Picture 1).

Picture 1. Volume of loans granted to natural persons on November of 2019, billion RUB. Picture 1. Volume of loans granted to natural persons on November of 2019, billion RUB.

Among Top 10 banks Rosbank shows the largest growth rate of loans for a year: +134% compared to November of 2018 (s. Table 1).

Table 1. Top 10 commercial banks in terms of total volume of loans granted to natural persons
Name of commercial bank Total volume of loans granted on November of 2019, billion RUB Growth rate of loans compared to November of 2018 % Share at lending market, %
1 Sberbank of Russia 7 101 18 41,6
2 VTB 2 875 17 16,8
3 Alfa-Bank 626 47 3,7
4 Gazprombank 560 20 3,3
5 Russian Agricultural Bank 451 8 2,6
6 Post Bank 407 42 2,4
7 Tinkoff Bank 357 77 2,1
8 Rosbank 336 134 2,0
9 Raiffeisenbank 306 15 1,8
10 Bank Otkritie Financial Corporation 296 127 1,7
Other banks 3 759 15 22,0

Table 2 contains current minimum interest rates on basic credit products in Top 10 Russian banks in terms of loans granted to natural persons. Green value demonstrates the most profitable offer.

Table 2. Minimum interest rates on basic credit products in main banks on 04.12.2019
Name of commercial bank Mortgage loan Credit Credit card
1 Sberbank of Russia from 5,0% from 11,9% from 21,9%
2 VTB from 8,4% from 10,9% from 16,0%
3 Alfa-Bank from 8,09% from 8,8% from 11,99%
4 Gazprombank from 4,5% from 9,5% from 25,9%
5 Russian Agricultural Bank from 3,75% from 7,5% from 22,9%
6 Post Bank Not granted from 9,9% from 17,9%
7 Tinkoff Bank Not granted from 9,0% from 12,0%
8 Rosbank from 6,99% from 10,99% from 23,9%
9 Raiffeisenbank from 4,99% from 8,99% from 19,0%
10 Bank Otkritie Financial Corporation from 7,95% from 8,5% from 13,9%

The banking system of Russia, despite all the difficulties of it`s establishment, plays the key role in the development of the economy of Russia. Credit interest rates, including mortgage loans, set in the majority of banks, just several years ago seemed unattainable, and now they become real.