Some of Russia's big private banks were faced with the risk of banking license revocation in August–September 2017. The financial resolution of Bank Otkritie and of Binbank was implemented using a new mechanism – The Fund for Banking Sector Consolidation

The ongoing revival of Russia's positive economic growth rates in 2017 was anticipated by an overwhelming majority of experts. A certain correction was reasonably expected following the 2015/16 decline in GDP and in investment and a drastic fall of living standards for the first time in 15...

Recovery of consumer lending has facilitated growth in expenditures on ultimate consumption and brought about stability of households' savings amid the ongoing decline of real incomes. However, in the long-term prospect this situation will put at risk both the fi nancial stability of households...