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Profitability and Efficiency of Russian Banks after Global Crisis
[Прибыльность И Эффективность Российских Банков После Глобального Кризиса]

Author

Listed:
  • Shilov Kirill

    (Russian Presidential Academy of National Economy and Public Administration)

  • Zubarev Andrey

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The COVID-19 pandemic has significantly affected the performance of the Russian banking sector. Large banks have not only avoided serious financial losses in 2020, but also reached pre-crisis levels of return on equity by the end of 1st half of 2021. This was mainly due to operational efficiency increase and active retail lending. Smaller banks (outside the top twenty in terms of assets size) have been recovering relatively more slowly, and the revenue and profit of such banks shows a tendency of stagnation or even decline. All this speaks in favour of the worsening of the Russian banking sector concentration problem. The article was written on the basis of the RANEPA state assignment research programme.

Suggested Citation

  • Shilov Kirill & Zubarev Andrey, 2021. "Profitability and Efficiency of Russian Banks after Global Crisis [Прибыльность И Эффективность Российских Банков После Глобального Кризиса]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 66-75, November.
    • Handle: RePEc:gai:recdev:r21125
    as

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    References listed on IDEAS

    as
    1. Pennacchi, George G. & Santos, João A.C., 2021. "Why do banks target ROE?," Journal of Financial Stability, Elsevier, vol. 54(C).
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    More about this item

    Keywords

    Russian banking system; profitability; efficiency; performance;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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