Доля Государственного Участия В Банковской Системе России
[Market share of state-controlled banks in Russia]
AbstractThis 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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 43449.
Date of creation: Oct 2009
Date of revision: Dec 2012
Russia; banks; state control; public sector; state-owned banks; state-controlled banks; state-influenced banks; transition;
Find related papers by JEL classification:
- P43 - Economic Systems - - Other Economic Systems - - - Finance; Public Finance
- P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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