In 2022, Russia maintained a high demand for real estate and the banking services pertaining to the issuance of housing (mortgage) loans. The main driver of market development, just as it was during the period 2020–2021, remained the government-funded mortgage programs offering relatively low...

The resilience of the Russian banking system on the back of the surplus of liquidity and capital security allows banks to expand supply on the corporate lending market amid the worsening issues of Russian business. An important role in maintaining the high rates of corporate lending was played...

The imposition of anti-Russian sanctions had almost no effect on the activities of microfinance organizations (MFOs) and despite the slowdown in the growth rate of the total portfolio and the growth of funding costs the profitability and net income of MFOs hit all-time high levels over the past...

In 2023, the Russian market of payment systems keeps evolving at a rapid pace. Improvements in technology and updates of the regulatory framework result in major market changes. The confrontation between traditional banks and new fintech actors, as well as increasing competition between payment...

A slight reduction in the total number of banking credit institutions was accompanied by consolidation of the banking sector. 2022 saw an increase in assets, (information on equity and profit is not published). Due to the rapid recovery of the economy, total assets of credit institutions last...

Russian Abstract: В 2021 г. стабилизация макроэкономической ситуации вызвала рост объемов рынка микрофинансирования и результатов деятельности микрофинансовых...

In Q1 2021, banks formed reserves in advance in the required amount. Therefore, there was no sharp decline in profits owing to the gradual abolition of easing in terms of the formation of reserves for large corporate loans. Nevertheless, compared to 2020, we should expect a slight deterioration...

Russian Abstract: Фондирование банковского сектора в 2020 г. оставалось достаточно сбалансированным: существенных изменений в структуре ресурсной базы кредитных...