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Доля Государственного Участия В Банковской Системе России
[Market share of state-controlled banks in Russia]

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  • Vernikov, Andrei

Abstract

This article relies on statistical and empirical data to develop a classification of state-influenced banks. An estimate of such banks’ combined market share by July 1, 2009 is suggested. We identify 53 state-controlled banks in Russia, including state-owned banks and state-governed banks. Public sector in the banking industry is not limited to the property of federal-level executive authorities or the Central Bank of Russia. It also comprises banks effectively controlled by sub-federal (regional and municipal) authorities, by state-owned enterprises and banks and by «state corporations». Altogether these banks account for 56 to 57% of all banking assets. Banks owned by public capital indirectly are the fastest-growing group among state-influenced institutions. Concentration grows within public sector of the banking industry, with top-5 state-controlled banking groups in possession of over 49% of national bank assets. We also contemplate a crowding out and erosion of domestic private capital whose market share shrinks. Effectively a return to a state-run credit system has been accomplished.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43449.

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Date of creation: Oct 2009
Date of revision: Dec 2012
Handle: RePEc:pra:mprapa:43449

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Related research

Keywords: Russia; banks; state control; public sector; state-owned banks; state-controlled banks; state-influenced banks; transition;

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  1. Glushkova, Ekaterina & Vernikov, Andrei, 2009. "How big is the visible hand of the state in the Russian banking industry?," MPRA Paper 15563, University Library of Munich, Germany.
  2. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2002. "Government Ownership of Banks," Journal of Finance, American Finance Association, American Finance Association, vol. 57(1), pages 265-301, 02.
  3. A. Karas & K. Schoors & L. Weill, 2008. "Are private banks more efficient than public banks? Evidence from Russia," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration 08/519, Ghent University, Faculty of Economics and Business Administration.
  4. Bonin, John P. & Hasan, Iftekhar & Wachtel, Paul, 2005. "Bank performance, efficiency and ownership in transition countries," Journal of Banking & Finance, Elsevier, Elsevier, vol. 29(1), pages 31-53, January.
  5. Vernikov , Andrei V., 2007. "Russia's banking sector transition: Where to?," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 5/2007, Bank of Finland, Institute for Economies in Transition.
  6. Hellman, Joel S. & Jones, Geraint & Kaufmann, Daniel, 2003. "Seize the state, seize the day: state capture and influence in transition economies," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 751-773, December.
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