Otkritie FC Bank Wins the bne IntelliNews Bank Award 201511.11.2015
Otkritie FC Bank has been named Best Bank in Russia for outstanding financial performance, according to the CEE/CIS Bank Survey 2015 by bne IntelliNews.
bne IntelliNews has been ranking banks every year for more than half a decade, with help from Standard & Poor’s and Fitch Ratings, which provide some of the figures, in addition to bne IntelliNews’ own research. However, this year a new methodology was introduced, switching the focus from asset size to profitability as the crucial variable. Otkritie FC Bank with an ROE of 9.17% in the Russian A category of biggest banks.
bne IntelliNews is owned by New Sparta, a London based media group, that covers the region on a daily, weekly and monthly basis in all the major financial centres via its digital and print products. The bne IntelliNews magazine is read by corporate and financial decision makers, including investors worldwide, and is the leading source of English language business intelligence and economic analysis, covering 31 countries in Central, Eastern and Southeast Europe and Eurasia.