RUSSIA’S BANKS IN JULY 2014

Mikhail Khromov

Russian Economic Development, 2014, issue 9, 29-32

Abstract: In July, revocations of banking licenses continued. Asset growth was signifi cantly slowed down as a result of shrinkage of their principal sources – corporate funds and foreign liabilities, as well as a very slow movement of individual deposits. Growth of interest rates has so far produced litile positive eff ect on changes in the banking sector’s resource base, but it is nevertheless a factor that further pushes down the level of current lending activity.

Keywords: Banking; sector (search for similar items in EconPapers)
JEL-codes: E21 E41 E51 E58 G21 (search for similar items in EconPapers)
Date: 2014
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