Top Banks in Russia

An overview of Russia's leading financial institutions

Overview of Banks in Russia

Established in 1860, the Central Bank of Russian Federation acts as the central monetary authority of Russia. The Russian central bank formulates accounting rules for banks in Russia. It also performs the following functions:

  • Protects the Russian ruble and maintains its stability
  • Issues currency and manages its circulation in the domestic economy
  • Sets up the rules for banks in Russia on conducting banking operations
  • Implements foreign exchange rules
  • Sets and publishes official exchange rates of foreign currencies against the ruble


Banks in Russia


According to Moody’s, banks in Russia are stable due to the improving economy, moderating credit costs, recovery in the capital buffers of banks in Russia, and the government’s increased support for systematically important banks.

For anyone considering a banking career in Russia, this list of top banks in Russia is a helpful guide on where to start. To learn more, see our list of financial institutions.


The top banks in Russia are:



Sberbank is a state-owned bank and is headquartered in Moscow. Established in 1841, the bank provides financial services to retail and corporate clients in Russia. It is also present in 22 countries, serving 145.6 million clients and employing 325,000 staff. It manages 14 regional banks in Russia, 79 regional bank branches, and 15,016 branches.

As of 2016, total assets of the bank were US$443.20 billion and net profit was US$94.67 billion.


VTB Bank

Founded in 1990, VTB Bank is one of the primary commercial banks in Russia and operates in OECD and other countries. The bank operates through five segments: Corporate-Investment Banking, Mid-Corporate Banking, Retail Business, Treasury, and Other Business. Based in Moscow, it employs around 95,000 individuals.

Currently, VTB oversees 40 full service branches in Russia, as well as 13 bank subsidiaries, three representative offices, two VTB branches, and two VTB Capital branches in other countries.

As of 2016, the bank’s total assets amounted to US$219.86 billion and net profit reached US$900 million.


Gazprombank (GPB)

GPB started its operations in 1990. The bank was founded by Gazprom, the world’s largest gas producer and exporter. It operates out of Moscow and serves over 45,000 corporate clients and five million private clients.

In 2016, the bank reported total assets of US$85.24 billion and a net profit of US$300 million.


Alfa Bank

Incorporated in 1990, Alfa Bank is the largest of the private banks in Russia. It provides financial products and services to corporate and retail customers, which includes corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking, and other ancillary services to corporate and retail customers. The bank manages 733 branches across the country. With about around 1,500 employees, it is headquartered in Moscow.

As of 2016, the bank’s total assets were US$38.24 billion and net profit was US$527 million.


PromSvyaz Bank

PromSvyaz Bank was established in 1995. The bank operates through Corporate Banking, Small and Medium Size Enterprises, Retail and Private Banking, and Capital Markets segments. Based in Moscow, it currently employs around 3,500 staff.

As of 2016, the bank’s assets totaled US$21.38 billion and net profit amounted to US$37.32 million.


Otkritie Financial Corporation Bank

Incorporated in 1992, Otkritie Financial Corporation Bank offers services to corporate, small business, and retail business clients in Russia. The bank is comprised of Corporate Banking, Small Business Banking, Investment Banking, Private Banking, and Retail Banking segments. It manages 442 offices and 2,900 ATMs in Russia. With around 15,000 employees, it operates out of Moscow.

In 2016, the bank posted total assets of US$13.56 billion and a net profit of US$26.21 million.


Russian Agricultural Bank

Founded in 2000, Russia Agricultural Bank is a state-owned agricultural bank. Based in Moscow, the bank provides commercial and retail banking services to the country’s agribusiness and rural population. It oversees a network of 70 regional branches and 1,200 additional offices and currently serves around six million customers in the country.

As of 2016, total assets of the bank were US$33.46 billion and net loss was US$837 million.


UniCredit Bank

Headquartered in Moscow, Unicredit Bank operates as a subsidiary of UniCredit S.p.A. Incorporated in 1989, the bank consists of four segments: Corporate and Investment Banking, Retail Banking, Leasing, and Other. It oversees 13 branches and 12 representative offices in the Russian Federation and a representative office in the Republic of Belarus.

UniCredit currently employs around 4,000 employees and serves around 1.94 million retail customers and over 28,700 corporate clients.

As of 2016, the bank’s total assets amounted to US$20.47 billion and net loss reached US$245 million.


AO Raiffeisenbank

Established in 1996, AO Raiffeisenbank is headquartered in Moscow. The bank provides corporate and retail banking, money market, and investment services in Russia. It employs around 7,700 staff and manages five branches and 174 outlets throughout the Russian Federation.

In 2016, the bank reported total assets of US$13.15 billion and a net profit of US$407 million.



Founded in 1993, Rosbank is majority owned by international financial group Société Générale Société. The bank provides commercial banking, investment banking, and custodial services in Russia. It operates through the following segments: Retail Banking, Corporate Banking, and Treasury and Financial Institutions.

Headquartered in Moscow, it operates eight branches and employs around 13,600 staff in 340 cities and towns across the country.

As of 2016, the bank’s total assets were US$15.37 billion and net profit was US$54.23 million.


Careers in investment banking

To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map…. investment banking careers For banking careers, you will have a significant edge over the competition with CFI’s financial modeling courses.


Additional resources

This has been CFI’s guide to the top banks in Russia. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

  • Top banks in China
  • Top 100 investment banks
  • Investment banking interview questions
  • Walk me through a DCF
  • Financial modeling guide

Financial Analyst Certification

Become a certified Financial Modeling and Valuation Analyst (FMVA)® by completing CFI’s online financial modeling classes and training program!