Over the past three quarters of 2014 the Russian banking sector encountered a constriction of growth in all of its key resource sources. Retail accounts and deposits and foreign liabilities contracted while growth in corporate customers dropped to low levels. Monetary authorities’ resources,...

Late in 2014, Russia’s banking sector was driven by the ruble’s devaluation and mounting crisis-related developments in the economy, fi rstly the decline in real disposable household income. Banks sustained big losses for the first time since 2009, and the money market regulator strengthened...

In August 2012, the growth of bank assets has slowed down. The reason for this was the decreased growth rate of the main types of funds - foreign liabilities and assets of enterprises and organizations. However, the increased government support and reduced investments in foreign assets allowed...

In July, revocations of banking licenses continued. Asset growth was signifi cantly slowed down as a result of shrinkage of their principal sources – corporate funds and foreign liabilities, as well as a very slow movement of individual deposits. Growth of interest rates has so far produced...

Banks’ assets contracted in August due to the shrinking of basically all key types of bank assets. It is only retail accounts and deposits that showed minor positive dynamics, although the downtrend in growth rates was still in place. This also pushed down the growth in the credit portfolio....

In April 2014, Russia’s banking sector witnessed a continuation of the trends observed over the several previous months: the share of state-owned banks continued to increase in all major segments of the banking services market; the growth rate of retail lending remained on the decline, while...

The Central Bank’s new management have revoked the banking license of 7% of banks which were operating last year. Additionally, the following trends in the development of the banking sector developed most visibly during the elapsed 12 months: retail market segments – retail loans and retail...

In April 2013, the Russian banking sector was driven by the same principal trends that were observed in the first quarter of the year. Real sector lending kept slowing down in spite of higher growth rates in household savings. In addition, allowances for provisions for losses on loans and other...

February 2015 saw almost all of the trends prevailing over the recent months: the retail credit portfolio saw nega- tive growth rates, the quality of the credit portfolio kept deteriorating both in the corporate and retail segments of the credit market, the debt owed to non-residents kept...

In January 2014, banks generated extra revenues of Rb 39bn from the devaluation of the ruble , whereas adverse dynamics of household disposable incomes triggered worsening of the quality of retail loans. Banks keep being dependent on monetary authorities’ resources.