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

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 16, 2020

Abstract

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

Zubov, Sergey, Banking Sector Resources In 2019 (March 16, 2020). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2020, No. 3, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=3555006 or http://dx.doi.org/10.2139/ssrn.3555006

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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