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Current Problems in the Development of the Banking System of the Russian Federation

Author

Listed:
  • Alexey Vedev

    (Gaidar Institute for Economic Policy)

  • Sergey Drobyshevsky

    (Gaidar Institute for Economic Policy)

  • Mikhail Khromov

    (Gaidar Institute for Economic Policy)

  • Sergey Sinelnikov-Murylev

    (Russian Foreign Trade Academy)

Abstract

In 2013 the situation in the banking sector of the RF underwent major changes. On the one hand, the volume indicators of the banking sector continued to grow, although more slowly than before. However, this growth was mainly due to aggressive behaviour of the banks in the consumer lending market, despite actions by the Bank of Russia aimed at reducing the attractiveness to the banks of such loans. On the other hand, there was an increased imbalance in the banking sector related to the non-uniform distribution of liquid funds, the outflow of customers from small and medium-sized banks to larger ones (principally to banks with government participation in their capital). This last factor was strengthened by the Bank of Russia’s efforts to rehabilitate the banking sector by withdrawing the licences of a significant number of banks, including those working in the market of private deposits. Within the framework of this policy of the Bank of Russia, aimed at reducing the number of banks and terminating the activities of any banks violating prudential standards, one should note the necessity for a more integrated approach to the reform of the sector, including measures aimed at increasing capitalisation, and the formation of an institute of systemically important banks with a reduction in the proportion of banks with government participation.

Suggested Citation

  • Alexey Vedev & Sergey Drobyshevsky & Mikhail Khromov & Sergey Sinelnikov-Murylev, 2014. "Current Problems in the Development of the Banking System of the Russian Federation," Working Papers 0098, Gaidar Institute for Economic Policy, revised 2014.
  • Handle: RePEc:gai:wpaper:0098
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    File URL: https://www.iep.ru/files/RePEc/gai/wpaper/0098Sinelnikov.pdf
    File Function: Revised version, 2014
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    Citations

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    Cited by:

    1. Alina Nikolaevna Novopashina, 2020. "Lending to Small and Medium-Sized Enterprises in Russian Regions: Effects of Banking System Reorganization," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 123-155.

    More about this item

    Keywords

    Russian Economy; banking sector; central bank.;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • 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

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