In 2015, the population has turned to the savings pattern. It is reflected among other in the renewal of the savings rate on bank deposits, which was characteristic of 2012-2013 and simultaneous repayment of bank debts. At the same time, prior to December 2015, there was no significant demand...

Preliminary data on Russia's economic results of 2015, as well as the current trends in the global energy market, give grounds for revising down possible scenarios for Russia's economy in 2016-2017. For instance, a scenario of yearly average oil prices staying at $35 a barrel in 2016 is now the...

In November, in the wake of the number of revoked licenses the growth rates of bank assets have reached their highest level since the end of the 1990s. Banks continue reducing their dependence on the monetary authorities amid the lack of the credit market recovery. The November profit of the...

Banks continue shedding liabilities before the monetary authorities and nonresidents amid the credit market stagnation. In October, for the first time the banking sector's profit has reached the level of last year, however, the operating profit remains rather low on the whole

During ten months of 2015, the banking sector has demonstrated very low results. Operating income and profitability have declined and many credit institutions have obtained negative financial results. State owned banks and banks under resolution regime have been bearing losses. Obvious economies...

Russia's balance of payments data for Q3 2015 show a considerable decline in her current account balance. In monetary terms, the decline in imports during Q3 was faster than that in exports (relative to Q3 2014). By comparison with Q2 2015, it even demonstrated a slight increase, notwithstanding...

The resolution of Bank Otkrytie FC will be the first case of applying a recently introduced new mechanism for the resolution of commercial banks. The mechanism enables the Bank of Russia to control more efficiently bank resolution costs and can tilt the balance between banking license revocation...

The results of H1 2017 on the one hand support the previous assumptions that the Russian economy is entering a growth phase, and on the other hand provide evidence of elevated uncertainty regarding the terms and prospects of economic development in the future. We expect that key macroeconomic...

In the course of the first five months of 2017, people tended to save in cash, bonds and in their bank accounts. One of the reasons could be retail lending growth, which increased households access to financial resources and resulted in larger assets savings

In 2016, Russian banks' total asset holdings contracted by 3.5% in nominal terms – from Rb 83.0 trillion as of January 1, 2016 to Rb 80.0 trillion as of January 1, 2017. In 2015, Russian banks' total asset holdings increased 6.9%. The decline in the nominal value of banks' asset holdings in...