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Russia’s banking sector in 2019

Sergey Zubov
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Sergey Zubov: RANEPA

Published Papers from Gaidar Institute for Economic Policy

Abstract: At 2019-end, Russian banking sector numbered 442 lending institutions. Over the year the number of operational lending institutions decreased by 42 (in 2018 – down by 77). Seven years ago in early 2013 the number of operational institutions exceeded one thousand (1094). Consequently, the Central Bank of Russia consistently has been conducting the bank resolution process. As of January 1, 2020, 373 lending institutions’ profit hit RUB 2,196.4 billion and losses of 69 banks amounted to RUB 159.6 billion. On the whole, the share of loss-making institutions over the year went down from 29 to 16 percent.

Keywords: Russian economy; banking sector; profit; capital; corporate loans; retail lending (search for similar items in EconPapers)
JEL-codes: E41 E51 G21 G24 G28 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2020, Revised 2020
New Economics Papers: this item is included in nep-acc, nep-cis, nep-mac and nep-tra
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Downloads: (external link) Revised Version, 2020 (application/pdf)

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Handle: RePEc:gai:ppaper:ppaper-2020-1042