As of January 1, 2024, Sberbank was the largest Russian bank by net assets, which amounted to over 51 trillion Russian rubles. VTB bank listed second with approximately 26 trillion Russian rubles in net assets. Gazprombank, founded by the Russian energy company Gazprom, ranked in the third place.
Sberbank in a nutshell
Founded in 1841, Sberbank is one of the largest financial institutions in the country. In 2022, Sberbank reported over 31 trillion Russian rubles net annual loans. With a brand value of roughly 9.4 billion U.S. dollars, Sberbank ranked as the most valuable Russian brand in 2021 and was featured in the ranking for the best employers in Russia in 2022. High consumer engagement remains one of the main objectives for the institution, hence in 2022, Sberbank’s customer satisfaction index ranged between the low of 75 percent and the high of 97 percent.
General outlook of the Russian banking industry
In 2023, the total assets of the Russian banking sector exceeded 134 trillion Russian rubles, having increased from the previous year. The number of bank accounts in the country has been growing steadily even though the count of credit institutions shrank over the past years, from 956 in January 2013 to 361 in January 2023.
