RUSSIAN BANKS WITHIN THE FIRST THREE QUARTERS OF 2014

Mikhail Khromov

Russian Economic Development, 2014, issue 11, 24-27

Abstract: Over the past three quarters of 2014 the Russian banking sector encountered a constriction of growth in all of its key resource sources. Retail accounts and deposits and foreign liabilities contracted while growth in corporate customers dropped to low levels. Monetary authorities’ resources, which contributed most to the growth of the banking sector’s resource base during the foregoing period, were used as compensation. The banking sector’s resources were used primarily for lending purposes, yet facing a downtrend. Nonetheless, it is only the retail segment of the lending market that has so far been facing deterioration of the quality of loans.

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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