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
Date Written: January 25, 2021
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: Suggested Citation