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
Date Written: September 6, 2020
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: Suggested Citation