Financial Banking Performance in January - November 2020

Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021, pp. 18-21

4 Pages Posted: 26 Jan 2021

See all articles by Sergey Zubov

Sergey Zubov

Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Date Written: January 25, 2021

Abstract

Due to the epidemiological situation, the structure and dynamics of financial performance in the banking sector have experienced changes. Amid declining margins, instability of financial markets and the unstable position of borrowers, the Russian credit institutions were forced to significantly adjust their market strategies. This resulted in a decrease of profitability of the banking system compared to the previous year.

Keywords: Russian economy, banking system, COVID-19

JEL Classification: G21, G24, G28

Suggested Citation

Zubov, Sergey, Financial Banking Performance in January - November 2020 (January 25, 2021). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021, pp. 18-21, Available at SSRN: https://ssrn.com/abstract=3772970

Sergey Zubov (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) ( email )

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

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