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Foreign banks' entry into the Russian market: motivation, entry modes and strategies

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  • Victor Gorshkov

    (PhD student, Graduate School of Economics, Kyoto University)

Abstract

The present paper analyses motivation, entry modes and strategies of foreign banks entering into the Russian market. The share of foreign assets in the banking sector is gradually increasing, proving the fact that more and more foreign banks show their interest in the Russian banking sector. What lies behind this growth? The article shows that motivation for entry is similar to some other developing and transition economies (both PUSH and PULL reasons exist) and presents some peculiar features concerning the modes of entry and strategies. It is shown that recently organic strategy growth is gradually replaced by M&A.

Suggested Citation

  • Victor Gorshkov, 2011. "Foreign banks' entry into the Russian market: motivation, entry modes and strategies," KIER Working Papers 801, Kyoto University, Institute of Economic Research.
    • Handle: RePEc:kyo:wpaper:801
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    File URL: http://www.kier.kyoto-u.ac.jp/DP/DP801.pdf
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    References listed on IDEAS

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    1. Lehner, Maria, 2009. "Entry mode choice of multinational banks," Journal of Banking & Finance, Elsevier, vol. 33(10), pages 1781-1792, October.
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    Cited by:

    1. Victor Gorshkov, 2012. "Foreign activity of Russian banks:reconsidering multinational banking theory," KIER Working Papers 830, Kyoto University, Institute of Economic Research.
    2. Simone Auer & Emidio Cocozza & Andrea COlabella, 2016. "The financial systems in Russia and Turkey: recent developments and challenges," Questioni di Economia e Finanza (Occasional Papers) 358, Bank of Italy, Economic Research and International Relations Area.

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    Keywords

    foreign banks; motivation; entry modes; strategies; M&A;
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