RUSSIAN BANKS - A YEAR ON SINCE THE APPOINTMENT OF NEW CANTRAL BANK’S HEAD

Mikhail Khromov

Russian Economic Development, 2013, issue 8, 24-27

Abstract: The Central Bank’s new management have revoked the banking license of 7% of banks which were operating last year. Additionally, the following trends in the development of the banking sector developed most visibly during the elapsed 12 months: retail market segments – retail loans and retail bank deposits – saw slowdown in growth rates; the role of state-run banks increased, especially in retail markets; banking sector’s profi tability was diluted, and the scale of refi nancing of banks increased to a level comparable with the crisis in 2009.

Keywords: Banking; sector (search for similar items in EconPapers)
JEL-codes: E21 E41 E51 E58 G21 (search for similar items in EconPapers)
Date: 2013
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