Rating agency RIA Rating carried out research of the banking sector of CIS and prepared the list of the200 largest banks of the CIS in terms of their assets in the result of 2013.

The agency said it obtained data from open sources –public financial reports of the banks, statistic bulletins and other publications of the central banks of the CIS. RIA Rating publishes the rating for the fourth time.

The rating includes 200 largest banks from 1,300 banks of the CIS states. The rating includes banks of nine countries – Azerbaijan, Georgia, Kazakhstan, Moldova, Russia, Turkmenistan, Uzbekistan and Ukraine. Moldavia and Turkmenistan joined the rating this year. Number of banks in the rating rose from 100 to 200 this year.

The assets growth of the CIS banks slowed down in 2013. Aggregate assets of the banking system of the CIS grew by 8.1% to US$2.2 trillion, while the growth rate was 23.1% in 2012 and 13.8% in 2011. The agency noted that this is connected with weak ruble and some other CIS currencies, as well as low growth rates of the assets of the Russian banks. The agency said that one should not expect double digit growth of the assets in 2014.

Total assets of the 200 largest banks of Uzbekistan made up US$1.82 trillion soums as of 1 January 2014, according to estimates of RIA Rating. The growth rate rose by US$179 billion or 10.9%. The agency said that share of 200 largest banks was equal to 80.8% at the beginning of 2013, the figure makes up 82.8% at the beginning of 2014.

The agency said that the Uzbek banks won from expansion of the rating from 100 to 200. Last year, the list included only National Bank of Uzbekistan for Foreign Economic Activity (NBU). The rating for 2013 includes seven banks.

The assets of the Uzbek banks rose by 10.8% in 2013 and reached US$19.9 billion as of 1 January 2014.

Largest bank of Uzbekistan, NBU, recorded 7.3% growth of assets in 2013 and reached US$5.1 billion. The bank is on 55th place in the rating.

Uzpromstroybank entered to Top 100 CIS banks, as the assets of the bank grew by 22% to US$3.1 billion as of 1 January 2014. Uzpromstroybank is on 89th place in the rating.

Other banks were placed below Top 100. Asaka Bank was on 188th place with the volume of assets for US$2.06 billion (-3.2%).

Ipoteka Bank held the 155th place in the rating. The bank’s assets rose by 13.4% in 2013 – US$1.3 billion. People’s Bank (Khalq Bank) was on 166th place with the assets at the size of US$1.23 billion (+15.8%).

The assets of Agrobank rose by 15.8% and reached US$1.15 billion. The bank was on 172nd place in the list. Qishloq Qurilish Bank was on 177th place. Its assets exceeded US$1.10 billion, which fell by 15.9% in 2013 compared to 2012.