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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
Persistent link: https://www.econbiz.de/10012942168
New parameters of retail lending continue to recover in 2017 amid interest rate cuts. However, the effects of the downturn of 2015 have yet to be overcome, loans for households' consumption on are now less important than they were in 2012–2013, and new loans are not enough to cover the cost...
Persistent link: https://www.econbiz.de/10012945138
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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
Persistent link: https://www.econbiz.de/10012913671
In 2017, banking sector demonstrated moderate development trends across main indicators. Asset holdings went up by 6 percent during the year somewhat below nominal growth rate of Russia's GDP. The ratio of banks' asset holdings and annual GDP remained at 91–92 percent for the second year in a...
Persistent link: https://www.econbiz.de/10012914893
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
Persistent link: https://www.econbiz.de/10012915987
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...
Persistent link: https://www.econbiz.de/10012863492
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...
Persistent link: https://www.econbiz.de/10013002502
The Russian economy entered a period of investment pause in 2013. In terms of financial resources available for the investment process, it is characterized by substantial increase in enterprise self-financing for investment projects with cutbacks in financing through external borrowing. The...
Persistent link: https://www.econbiz.de/10012982818