LOCKO-Bank entered the TOP-70 banks by assets: RIA Rating

LOCKO-Bank became one of the largest Russian banks in terms of assets, taking the 68th line in the rating of the RIA Rating agency as of July 1, 2020. In the second quarter, the bank moved up 6 positions in the ranking from 74th place. LOCKO-Bank's assets grew by 3.1%, and the volume of assets was 94.8 billion rubles.

According to the research results, the dynamics of the assets of the Russian banking sector in the second quarter was quite good, taking into account the situation with the development of coronavirus infection in the country and the world. According to the Central Bank of Russia, the volume of assets in real terms in April-June increased by 1% and decreased by 1.2% in nominal terms. It should be noted that the real dynamics of assets was strongly influenced by the result of June, when some of the restrictions were lifted, and assets grew by 1.6% over the month. Analysts note that the coronavirus pandemic has played a positive role for the dynamics, credit support programs for the economy were announced, and banks received additional liquidity to prevent the financial crisis.

Research by RIA Rating shows that in the second quarter the volume of assets in nominal terms increased in 178 credit institutions, or 43% of the total number of banks in the rating. For comparison, over the same period in 2019, the share of banks with growth was higher - 58.6%, and in 2018 - 57.5%. Thus, in the second quarter, the share of banks with an increase in assets decreased and is at a rather low level. According to RIA Rating, in the third quarter the share of banks with an increase in assets may slightly increase as the economic recovery and the ruble depreciation.

The rating includes 415 credit institutions in Russia with valid licenses, for which reports are published on the website of the Central Bank of Russia, and data from open sources. The rating methodology provides for the aggregation of the turnover balance sheet data.

The full rating can be found here.