Tuesday, September 18, 2018

SKB-Bank listed in Forbes' list of top-five most reliable Russian banks

SKB-Bank announced last Thursday that it has been included in Forbes' top-five most reliable banks in Russia.

Forbes evaluated Russia's 50 largest banks and ranked them on the difference between their assets and liabilities to be redeemed within a year in order to compile its ranking, Ural Business Consulting reports.

"The bigger the negative liquidity gap is, the more a bank needs some money," SKB-Bank's press service said, according to Ural Business Consulting. "Such banks typically finance their long-term investments through short-term money, which is extremely risky, since the bank might not have enough funds to pay back its depositors and investors who come for their money within a year. Quite on the contrary, a bank with an impressive positive liquidity gap is quite stable financially and can meet its financial obligations."

SKB-Bank is one of 16 banks operating with a positive liquidity gap between their assets and liabilities among the 50 Russian financial institutions evaluated by Forbes.