Russia's Banking Sector in August 2014
Russian Economic Developments. Moscow, 2014, #10, pp. 28-31
4 Pages Posted: 23 Oct 2014
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: 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
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