Rehabilitation of private giants significantly changed the balance of power in the banking market. “In 2017, the share of state banks in banking system assets increased from 63% to nearly 71%,” – praised the results of the recovery associate Director on Bank ratings “Expert RA” Ludmila of Kozhekina.
In September to reorganize the Central Bank went to the Bank (12-th place on assets at 1.12 trillion rubles, according to “Interfax-100” for the second quarter of 2017) and included in his group “Rost-Bank”, and in December our list (9th in assets and 1.2 trillion rubles in the third quarter of 2017). Since the recovery act through PCBS suggests that in case of detection of “holes” in the Bank’s equity participation of its shareholders, “blurred” to 1 ruble, all four of the credit organization eventually came under the control of the Central Bank.
Banks and the state
In her opinion, in 2018, the trend towards the strengthening of the role of banks with state participation will continue in connection with the growth of their assets, and because of the potential increase in the number of banks in the reorganization in PCBS. “For the period from 1 August 2017 1 August 2018 the assets of the banking system gained 13%, while the assets of banks with state participation – 14%. It is obvious that the main contribution to the growth of the sector was made by state-owned banks”, – says the analyst.
The result is the largest private Bank in the country was Alfa-Bank – owns the company ABH Holdings, retained the 27 th place in rating Forbes. However, improved its position ICD Roman Avdeev is the only “surviving” member of the alleged “Moscow ring” of private banks. Over the years it has moved from 63rd to 62 th place.
Has risen in the ranking and Sovcombank brothers Khotimsk – this time it took the 100th place compared to 103 a year earlier, but the most impressive rise was shown Tinkoff-Bank – from 142 to 117-th place. The movement of these credit institutions in the ranking not only due to the elimination of major competitors, but a business strategy that will allow both banks to significantly increase revenues.
Most likely, the last time the list included the Bank “Revival”, won the 118-th place. According to the Central Bank at the end of autumn 2017, the controlling share in it belonged to structures of brothers Alexey and Dmitry Ananiev, ex-owners of Promsvyazbank. In August it became known about sale of a “Renaissance” of the VTB group, its President, Andrei Kostin recently said that the deal could take place in October. Thus, one state Bank in Russia will be more.
Also this year entered the list of the Bank “Orient Express” – he went to 187th place.
Other banks-rating participants showed a downward trend: AB “Russia” has gone down from 126 to 134-e a place, “Russian Standard” – from 131 to 160 place, Bank “St.-Petersburg” – from 140 to 159 th place, SMP Bank – from 169 to 173-e a place, and “URALSIB” and is dropped from the list (last year – 172-e a place).
The race for insurance
In the insurance market, the situation has changed even more dramatically. Prior to joining the Rosgosstrakh in the perimeter reorganization “FC Opening” in the market there were only two of the insurer, which was under the control of the state – GSK “Yugoria” and SC “Sterkh”, recalls the head of the office of insurance rating the NRA Tatiana Nikitina.
“After Rosgosstrakh came under the control of the state, the share of public insurance companies has increased from 0.8% in 2016 to 7.09% in 2017,” she said. However, after the sale of GSK “Ugoria” holding GK “Region” and reduce premiums at Rosgosstrakh in 2018, the share of state insurers in the market decreased to 3.98% (in the first half), estimated by the NRA.
Anyway, Rosgosstrakh has sharply reduced its presence in the market, not only in the problem for the company insurance, but other types of insurance. The largest private insurer in Russia was the company “Alfa insurance”, who took 70th place in a new ranking by Forbes, according to the NRA, for the year its share in the market of CTP has increased from 6.4% to 14%.
A new leader in the segment of insurance company “RESO-Guarantee”, debuted in the ranking to 83rd place (market share for the first half of 2018 -16%). The third largest private insurer was “Ingosstrakh” (87th place), and the fourth – VSK (123-e a place). All of the company increased premium volume and improved its position in the ranking compared to last year.