As Estimated by the IEP, 25 Banks Were Designated to Be Candidates for the List of Systemically Important Banks

The following quantitative criteria for a bank (or a credit institution) to be considered systemically important are to be established:
•    size of a credit institution (share of its assets in the aggregate assets held by credit institutions) – 50%;
•    mutual interdependence with credit and financial institutions via assets (share of a bank's investment in liabilities issued by financial institutions and other banks in the total volume of such assets) – 12.5%
•    mutual interdependence with credit and financial institutions via liabilities (share of a bank's liabilities to financial institutions and other banks in the total volume of such liabilities) – 12.5%;
•    volume of individual deposits (share of monies placed by individuals with a credit institution in the total volume of monies placed by individuals with banks) – 25%.

The estimations are to be based on data for the last three years. The list of systemically important credit institutions is to include banks with a total index in excess of 0.6%, and also credit institutions included in banking groups if the relevant group also includes a bank with a total index in excess of 0.6%.

The Institute for Economic Policy's Structural Research Center prepared a tentative estimation, on the basis of reports published by the Bank of Russia on its website, of the total indexes of Russia's biggest banks (without smaller-sized participants in banking groups). Specifically, data taken from Form 0409101 (turnover balance sheet of a credit institution), released as of 01.01.2012, 01.01.2013 and 01.11.2013, were applied. The estimated total indexes and their components, for 30 biggest banks, are shown in Table 1. The candidates for the list of systemically important credit institutions are 25 banks, without consideration for other participants of banking groups (the total index's value is highlighted in bold).

Table 1.

Estimated Total Indexes of Biggest Russian Banks

 

Bank	Registration Number	Share of assets	Share of funds placed with banks and financial institutions	Share of funds attracted from banks and financial institutions	Share of individual deposits	Total index
Sberbank	1481	28.1	9.3	5.5	46.1	27.4
VTB	1000	9.6	12.5	27.2	0.1	9.8
Gazprombank	354	6.0	3.0	5.0	2.1	4.5
Rosselkhozbank	3349	3.5	1.8	6.1	1.4	3.1
VTB 24	1623	3.2	12.4	1.9	7.1	5.2
Bank of Moscow	2748	3.2	6.1	2.9	1.3	3.0
Alfa-Bank	1326	2.6	2.1	4.3	2.0	2.6
UniCredit	1	1.8	1.0	1.7	0.4	1.3
Rosbank	2272	1.5	1.3	1.6	1.0	1.3
Promsvyazbank	3251	1.4	1.0	1.1	1.1	1.3
Raiffeisenbank	3292	1.4	1.0	1.0	1.5	1.3
Nomos Bank	2209	1.3	2.8	3.0	0.6	1.5
Uralsib	2275	0.9	0.8	0.5	1.1	0.9
TransCreditBank	2142	0.9	2.0	3.0	0.6	1.2
Bank Saint Petersburg	436	0.8	0.8	1.0	0.7	0.8
MDM Bank	323	0.8	1.5	0.9	0.8	0.9
Bank Rossiya	328	0.7	1.5	0.8	0.2	0.7
AK BARS Bank	2590	0.7	0.3	0.9	0.5	0.6
Citibank	2557	0.7	1.4	0.3	0.4	0.6
MKB	1978	0.7	0.8	0.6	0.8	0.7
Russian Standard Bank	2289	0.6	0.4	0.2	1.1	0.7
Home Credit Bank	316	0.6	0.4	0.3	1.0	0.6
KhMB	1971	0.6	1.3	2.1	0.4	0.8
Nordea	3016	0.6	0.2	0.2	0.1	0.3
Sviaz-Bank	1470	0.5	0.9	1.7	0.2	0.6
Zenith Bank	3255	0.5	0.5	0.8	0.3	0.5
Bank Petrocommerce	1776	0.5	0.4	0.6	0.5	0.5
Globex	1942	0.5	1.0	1.5	0.2	0.6
Vozrozhdenie	1439	0.4	0.2	0.3	0.7	0.5
ING Bank	2495	0.4	1.5	1.2	0.0	0.6

Source: Calculations by the Structural Research Center, IEP.

M.Yu. Khromov – Senior Expert of the Structural Research Center