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Report: Finding Sustainable Profits A Key Challenge for Russian Banks Sep 03 Product Image

Report: Finding Sustainable Profits A Key Challenge for Russian Banks Sep 03

  • ID: 1810103
  • September 2003
  • Region: Russia
  • Standard & Poors

FEATURED COMPANIES

  • Alfa-Bank OJSC
  • Aljba Alliance
  • Bank URALSIB (OJSC)
  • JSC IMPEXBANK
  • MDM Bank (pre-merger)
  • Menatep St. Petersburg
  • MORE

Abstract
PARIS (Standard & Poor's) Sept. 29, 2003--Despite brighter economic and commercial prospects, Russian banks continue to face the challenge of generating more sustainable revenue, adopting to shrinking margins, and pursuing business expansion without losing control of costs, according to a report published today by Standard & Poor's Ratings Services. The report, which is based on an extensive survey of Russia's top 30 banks, reveals that a significant number of banks suffer from a lack of sustainable core revenues, shrinking margins, and high cost structures. Russia's largest banks also continue to depend on their positions within financial/industrial groups (FIGs), limiting their ability to source independent revenues. Moreover, structural imbalances within the domestic banking industry, typified by the dominance of state-controlled Sberbank,...

Companies mentioned in this report are:
- Aljba Alliance
- Alfa-Bank OJSC
- Commercial Bank Petrocommerce OJSC
- International Industrial Bank
- Bank URALSIB (OJSC)
- MDM Bank (pre-merger)
- ZAO UniCredit Bank
- JSC IMPEXBANK
- Surgutneftegasbank
- Menatep St. Petersburg
- TransCreditBank
- READ MORE >

- Aljba Alliance
- Alfa-Bank OJSC
- Commercial Bank Petrocommerce OJSC
- International Industrial Bank
- Bank URALSIB (OJSC)
- MDM Bank (pre-merger)
- ZAO UniCredit Bank
- JSC IMPEXBANK
- Surgutneftegasbank
- Menatep St. Petersburg
- TransCreditBank
- Russian Standard Bank JSC
- International Bank of Saint-Petersburg
- Bank of Khanty-Mansiysk (JSC)

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