Features of the banking sector of the Russian Federation
Abstract
The banking system of the Russian Federation, which is a complex system of interconnected banking institutions operating in the country, includes banks (private, state), credit institutions and other economic entities that provide banking services to legal entities and individuals. As part of our article, we found out that over the past 10 years, there has been a decrease in the number of banks, which is associated with economic reasons in the country, with the strict requirements of the policy of the Central Bank of the Russian Federation. The main players in the banking services market of the Russian Federation are banks with state participation Sberbank PJSC, VTB Bank PJSC, Gazprombank JSC, Rosselkhozbank JSC, NCO NCC (JSC). On the basis of the conducted “SWOT-analysis” of the banking system of the Russian Federation, the following main strengths of it were revealed: positive dynamics of the capital of credit institutions; growth in lending; reducing the dependence of the Russian banking system on the international payment systems VISA and MASTER CARD; strengthening banking supervision; reduction of the key rate of the Bank of Russia. Weaknesses included: deterioration in the quality of bank loan portfolios; a decrease in demand for loans from large borrowers, especially during a pandemic; growth of credit risks, which are key in the activities of banks. They also identified the opportunities and threats for the development of activities.
About the Author
Z. F. Gabdullina Габдуллина
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Master Student
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Review
For citations:
Z.F. Features of the banking sector of the Russian Federation. Kazan economic vestnik. 2021;(6):24-28. (In Russ.)
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