OREANDA-NEWS. Otkritie Banking Group has been ranked 75 in the annual Expert-400 rating featuring the largest companies from various sectors of the Russian economy.

For the year ended 2013, the Group enjoyed a 40% sales revenue increase (reaching RUB 110 billion) allowing it to move up 23 places compared to the previous ranking.

Otkritie Banking Group comprises Otkritie Financial Corporation Bank (the Group's parent entity), Otkritie Bank, the Bank of Khanty-Mansiysk, and Novosibirsk Municipal Bank.

Expert-400 ranking is compiled on the basis of the sales revenue amount. For banks, it is calculated as a sum of interest income and fee and commission income (gross) according to IFRS statements.

Otkritie Banking Group enjoyed growth of both indicators for the year ended 2013. The significant increase in the Group's net interest income was driven by the loan portfolio growth exceeding the average market growth rates and the increase in the fee and commission income was secured due to successful implementation of the cross-sales strategy.

The Expert-400 ranking objective is to identify the largest companies in the Russian economy and, based on their performance results, analyse the impact of large corporates on economic development in Russia and the main growth trends.