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...

As of January 1, 2019, the Russian banking system numbered 484 credit organizations. A year earlier then number stood at 542. During the year the number decreased by 58 organizations. Six years ago at the beginning of 2013, the number of credit organizations exceeded one thousand (1094). The...

The Russian banking sector remains unstable. In 2017, renewal of growth in bank assets and individual segments of the lending market was accompanied by falling profits and large volumes of substandard assets being identified with large banks undergoing financial restructuring

In 2018, the number of banks whose banking licenses were withdrawn increased. The overall size of those banks' assets as well as their average value decreased considerably, while the mechanism of financial rehabilitation was applied only once in 2018

Balance sheet profits declined markedly in January-July 2018 compared to the same period of 2017 mainly because of resumed growth in loan loss provisions. A positive factor was represented by growth in net interest income and in profits from regular banking operations

For the first five months of 2018, household savings moved up merely by 1.3% which is the bottom low for the last several years. Meanwhile, retail lending has been demonstrating an upward trend. The public borrows significantly more than deposits

Early in 2018, growth rates of bank lending to non-financial institutions are gradually growing. The market of domestic bonded loans is building up its positions in the total funding of the real sector of the Russian economy. Issuers from the oil and gas sector occupy the leading position there

Households' bank savings at the turn of 2019 have demonstrated better performance against the last year. The largest share of deposits unlike last year was denominated in foreign currency. In the meantime, brisk recovery of the bank lending on the retail side is ongoing. This strengthens the...

In 2018, banking credit plays the key role in the provision of the corporate sector's borrowed resources. From 2014 through 2017, increment of the total bond market debt exceeded Rb 1 trillion, which was comparable with the bank debt growth of the corporate borrowers. Bank lending notably...

Growth of non-cash monies has been sustained in the main by that of individual ruble-denominated bank deposits. The deposits and monies kept on their bank accounts by organizations have been growing at a slower pace, thus corresponding to the movement of their turnover in nominal terms. At the...