The Russian Banking Sector in April 2014

Russian Economic Developments. No. 6, 2014, pp. 31-34

4 Pages Posted: 25 Jun 2014

See all articles by Michael Khromov

Michael Khromov

Gaidar Institute for Economic Policy

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

Khromov, Michael, The Russian Banking Sector in April 2014 (June 24, 2014). Russian Economic Developments. No. 6, 2014, pp. 31-34, Available at SSRN: https://ssrn.com/abstract=2458424 or http://dx.doi.org/10.2139/ssrn.2458424

Michael Khromov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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