Otkritie highest mover after big turnaround

摘要

Russian bank Otkritie - the number one bank in our highest movers table - has had quite the rollercoaster ride over the past couple of years. In The Banker's 2018 Top 1000 World Banks ranking, it topped the biggest losses chart, posting figures that saw it plummet to an eye-watering $7.5bn in the red after requiring a bail-out from the Russian central bank's Banking Sector Consolidation Fund in 2017 In the space of a year Otkritie has done a lot of clean-up work, and has put its toxic assets into a 'bad bank. As a result, its Tier 1 capital went up by 169.05% over the course of 2018.