Abstract:

The purpose of this paper is to review the status of the banking sector of the Russian Federation by analyzing trends in key development indicators. Special attention is paid to the study of trends in bank assets, loans, interest rates, number of credit institutions. Research results show that along with the absolute increase in key indicators of the Russian banking sector from 2014 to 2018 there has been an deceleration in their growth and assets reduction. It is noted that reasons for negative growth of assets are their decrease in foreign currency assets and ruble appreciation. The analysis of banking sector performance indicators in GDP of Russia is generally consistent with developing countries indicators, though it is still behind the developed countries figures. During the research special features and challenges of the Russian banking sector development were highlighted. Results obtained can be used for providing information to management systems in order to form a strategy on financial and credit system development, monetary fiscal policy intervention for economically feasible decisions.