Abstract
The banking system of Russia has been functioning in a challenging environment in recent years. Changes to international market conditions and the macroeconomic situation, approaches to banking regulations and the rehabilitation policy have been affecting proficiency, with which banks have been discharging their functions in the Russian economy.
Importance of the banking system for social and economic development of the Russian Federation shall be currently increasing in the setting of damped growth of the world economy, contraction of external demand, persisting sanctions, consequences of containment measures.
This thesis consists of five chapters. The second chapter addresses essence, structure and main functions of the banking sector. The third chapter provides analysis of the current condition and peculiarities of development of the banking sector of the Russian economy. The fourth one addresses current issues and development potential of the Russian banking sector.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Information on operating credit institutions involving non-resident, 01 Jan 2020. https://www.cbr.ru/Collection/Collection/File/27599/PUB_200101.pdf. Accessed 23 June 2021
CBR time series of indicators of individual tables of the collection “Statistical indicators of the banking sector of the Russian Federation”. http://www.cbr.ru/statistics/bank_sector/review/#highlight=o??op%7C?a??o?c?o?o%7Cce??opa%7Co??opa. Accessed 23 June 2021
CBR Interest rates on loans and deposits and structure of loans and deposits by maturity. http://www.cbr.ru/statistics/bank_sector/int_rat/#highlight=?pe???a?%7C?pe???o?%7Cc?e?e???%7Cpy???x%7C?o??apax%7Ce?po. Accessed 25 June 2021
CBR Report on development of Banking Sector and Banking Supervision. http://www.cbr.ru/about_br/publ/nadzor/. Accessed 26 June 2021
CBR Quantitative characteristics of the banking sector of the Russian Federation. http://www.cbr.ru/statistics/bank_sector/lic/. Accessed 26 June 2021
CBR macroeconomic indicators of the banking sector of the Russian Federation, tab. 1 / Overview of the banking sector of the Russian Federation. http://www.cbr.ru/statistics/bank_sector/review/#highlight=o??op%7C?a??o?c?o?o%7Cce??opa%7Co??opa. Accessed 27 June 2021
Aganbegyan, A.G.: How to resume social and economic growth in Russia. Sci. Works Liberal Econ. Soc. Russia 222(2), 164–182 (2020)
Larionova, I.V.: On bringing banking regulation in line with the standards of the Basel Committee on Banking Supervision (Basel III) in an unstable economic situation: monograph. Eds Larionova I.V., KNORUS, Moscow, p. 190 (2018)
CBR The main directions of the unified state monetary policy. http://www.cbr.ru/about_br/publ/ondkp/. 28 June 2021
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Ilich, L. (2022). Role of the Banking Sector in the Financial System and Its Macroeconomic Functions in Russia. In: Antipova, T. (eds) Digital Science. DSIC 2021. Lecture Notes in Networks and Systems, vol 381. Springer, Cham. https://doi.org/10.1007/978-3-030-93677-8_27
Download citation
DOI: https://doi.org/10.1007/978-3-030-93677-8_27
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-93676-1
Online ISBN: 978-3-030-93677-8
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)