The Russian Banking Sector in April 2014
Russian Economic Developments. No. 6, 2014, pp. 31-34
4 Pages Posted: 25 Jun 2014
Date Written: June 24, 2014
Abstract
In April 2014, Russia’s banking sector witnessed a continuation of the trends observed over the several previous months: the share of state-owned banks continued to increase in all major segments of the banking services market; the growth rate of retail lending remained on the decline, while the quality of this type of lending continued to deteriorate – moreover, it grew increasingly dependent on allocations from money market regulators. The only positive factor worth mentioning was the discontinuation of private-customer deposit outflows. However, in spite of this positive development, the annual growth rate of the deposit base continued to decline.
Keywords: Russian economy. banking sector
JEL Classification: E21, E41, E51, E58, G21
Suggested Citation: Suggested Citation