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Financial Performance of the Banking Sector in 2019

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020. No. 2, 16-18

3 Pages Posted: 7 Apr 2020 Last revised: 8 Apr 2020

See all articles by Sergey Zubov

Sergey Zubov

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Date Written: March 10, 2020

Abstract

Return on assets of the Russian banks at 2019-end has significantly increased despite a slide in bank margin and slowdown of lending growth rates. This fact was due to both credit risk mitigation and putting in operation of a new procedure for loan loss accounting. In 2019 as a whole, bank assets’ growth rates have decreased.

Keywords: Russian Economy, banking sector

JEL Classification: G24, G28

Suggested Citation

Zubov, Sergey, Financial Performance of the Banking Sector in 2019 (March 10, 2020). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020. No. 2, 16-18, Available at SSRN: https://ssrn.com/abstract=3554994 or http://dx.doi.org/10.2139/ssrn.3554994

Sergey Zubov (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

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