20:21 10 October 2019
RIA Rating assesses banks in CEE region
A ranking of the 100 largest banks of Central and Eastern Europe (in terms of assets held as of the beginning of 2019) that has been prepared by the Russian agency RIA Rating features banks from 13 countries. The entry threshold was $4.3 billion. The authors of the ranking emphasize that the size of the Russian economy (in terms of the purchasing power parity for the past year) is $4.2 trillion, while the total size of the economies of the other countries in the ranking is $4.1 trillion.
“The total assets of the 100 largest Central and Eastern European banks are slightly smaller than the assets of the ninth bank in the world – the French BNP Paribas. Thus, although the financial power of banks in the region is noticeable, it is significantly smaller than that of the largest banks in the world,” the authors of the ranking said.
The Russian leader is Sberbank ($449.07 billion), which is followed by VTB ($212.47 billion) and Gazprombank ($94.03 billion) in the ranking. Poland’s PKO BP ($86.24 billion) and the Czech Republic’s Česká spořitelna ($63 billion) came in fourth and fifth respectively.
