LOCKO-Bank entered the TOP-70 banks in terms of assets: RIA Rating

LOCKO-Bank became one of the largest Russian banks in terms of assets, taking 68th line in the rating of the RIA Rating agency as of 01.09.2020. In the third quarter, the bank's assets amounted to RUB 99.7 bn.

According to the research results, the dynamics of assets in the Russian banking sector since the beginning of the year was quite good. Russian banks' assets grew by 10.5% in nominal terms and by 6.1% in real terms. By comparison, for the same period in 2019, asset growth in real terms was +2.4%. Analysts note that the good result in 2020 is due to the measures to support the economy in connection with the coronavirus.

The research of RIA Rating shows that in January-August 2020 the volume of assets in nominal terms has increased in 249 credit institutions, or 60.6% of the banks in the rating. For comparison, according to the results of the first half of this year, there were 55.7% of banks with an increase in assets, and in January-April 55% of banks. Thus, the share of banks continues to grow with growth.

The rating presents data on 411 credit institutions of Russia with valid licenses, for which reports have been published on the website of the Bank of Russia, as well as data from public sources. The methodology of the rating provides for the aggregation of data from balance sheets.

The full rating can be found here.