Banking Sector Resources In 2019
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020, No. 3, pp. 5-7
3 Pages Posted: 4 May 2020
Date Written: March 16, 2020
The provision of assets by the banking sector in 2019 remained rather squared. Given the fact that economic subjects kept confidence in the banking sector, the lending institutions went on a resource base binge by using traditional tools—taking household and corporate funds on deposits. However, growth rates declined somewhat compared to the previous year. Dynamics of the interest rates on retail deposits were mainly due to the inflation rate and the decisions on the monetary policy: after mid-year, a downward trend set up. Ruble appreciation and strengthening have contributed to the shrinkage of the currency liability entries in accounts which in its turn decreased exposure of the financial system against external shocks.
Keywords: Russian economy, financial sector
JEL Classification: G21, G24, G28
Suggested Citation: Suggested Citation