Sber ranked first in Russian banks reliability rating

Previously, the financial institution was ranked 4^th by Forbes.

Raiffeisenbank was ranked second (being the first last year), and Rosbank – 3^rd.

Unicreditbank, which took second place last year, fell to the 12^th position. This can be explained by the fact that Fitch downgraded its rating from BBB (the maximum rating for Russia) to BBB- in May 2020 and revoked it for commercial reasons in December. For the same reason, Citibank left the top five and moved to the 14^th line.

Alfa-Bank was rated 27^th to became the most reliable bank among the private Russian banks.

Source: Forbes

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