Russia's Banking Sector in August 2014

Russian Economic Developments. Moscow, 2014, #10, pp. 28-31

4 Pages Posted: 23 Oct 2014

See all articles by Michael Khromov

Michael Khromov

Gaidar Institute for Economic Policy

Date Written: October 23, 2014

Abstract

Banks’ assets contracted in August due to the shrinking of basically all key types of bank assets. It is only retail accounts and deposits that showed minor positive dynamics, although the downtrend in growth rates was still in place. This also pushed down the growth in the credit portfolio. The quality of corporate loans remained stable, whereas the quality of retail loans kept deteriorating.

Keywords: Russian economy, banking sector

JEL Classification: E21, E41, E51, E58, G21

Suggested Citation

Khromov, Michael, Russia's Banking Sector in August 2014 (October 23, 2014). Russian Economic Developments. Moscow, 2014, #10, pp. 28-31, Available at SSRN: https://ssrn.com/abstract=2513789 or http://dx.doi.org/10.2139/ssrn.2513789

Michael Khromov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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