LOCKO -Bank entered the TOP-65 banks in terms of assets: RIA Rating

LOCKO-Bank entered the TOP largest banks in terms of assets, taking the 62 line of the rating compiled by RIA Rating as of January 1, 2020. The bank climbed 11 positions in the ranking from 73 place (as of January 1, 2019), with an increase in assets in 2019 of 34.8%.

The rating contains data on 437 credit organizations of Russia with valid licenses as of February 10, 2020, for which reports were published on the website of the Central Bank of the Russian Federation, as well as data from open sources. The rating methodology provides for aggregation of the data of the statements. According to the results of the research, in 2019 the amount of assets in nominal terms increased at 264 credit organizations or at 60.4% of banks in the rating.

According to RIA Rating analysts, in 2020 the dynamics of assets may become the best in recent years, and the growth will be 7-10%. This will be due to the revival of the economy against the backdrop of national projects, the growth of social spending and a new cycle of investment growth.

The full rating can be found here