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

Author

Listed:
  • 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.

Suggested Citation

  • Vernikov, Andrei, 2009. "Доля Государственного Участия В Банковской Системе России [Market share of state-controlled banks in Russia]," MPRA Paper 43449, University Library of Munich, Germany, revised Dec 2012.
    • Handle: RePEc:pra:mprapa:43449
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Russia; banks; state control; public sector; state-owned banks; state-controlled banks; state-influenced banks; transition;
    All these keywords.

    JEL classification:

    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • P31 - Political Economy and Comparative 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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