Russia’s Banking Sector in 2019

Russian Economy in 2019. Trends and Outlooks. Moscow. IEP. 2020. Issue 41, pp. 160-169

12 Pages Posted: 27 Oct 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: September 6, 2020

Abstract

At 2019-end, Russian banking sector numbered 442 lending institutions. Over the year the number of operational lending institutions decreased by 42 (in 2018 – down by 77). Seven years ago in early 2013 the number of operational institutions exceeded one thousand (1094). Consequently, the Central Bank of Russia consistently has been conducting the bank resolution process. As of January 1, 2020, 373 lending institutions’ profit hit RUB 2,196.4 billion and losses of 69 banks amounted to RUB 159.6 billion. On the whole, the share of loss-making institutions over the year went down from 29 to 16 percent.

Keywords: Russian Economy, Banking Sector, Profit, Capital, Corporate Loans, Retail Lending

JEL Classification: E41, E51, G28, G21, G24

Suggested Citation

Zubov, Sergey, Russia’s Banking Sector in 2019 (September 6, 2020). Russian Economy in 2019. Trends and Outlooks. Moscow. IEP. 2020. Issue 41, pp. 160-169, Available at SSRN: https://ssrn.com/abstract=3688014

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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