THE BANKING SECTOR IN OCTOBER 2014

Mikhail Khromov

Russian Economic Development, 2014, issue 12, 23-26

Abstract: It is monetary authorities’ resources that became the principal source of growth in banks’ assets in October 2014. Still high frequency of banking license revocations and the ruble devaluation could hardly recover depositors’ confi dence in the banking system – growth in the deposit base was close to zero at an annualized rate. Retail lending slowed down amid the deterioration of the credit portfolio quality. Banks’ return on assets kept declining in response to both the resource base appreciation and growth in contributions to the provisions for possible bad loans and other assets.

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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