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Russia’s banking sector in 2021

Author

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  • Zubov Sergey

    (Gaidar Institute for Economic Policy)

Abstract

At the end of 2021, the Russian banking system boasted of 370 credit institutions. A year earlier, their number constituted 406. During the year, the number of active credit institutions decreased by 36. The number of license revocations amounted to 26, voluntary revocation of licenses — 11. The number of banks with a universal license at the end of the year stood at 232 banks (248 at the beginning of the year), and with a basic license - 103 banks (118 at the beginning of the year). The number of non-bank credit institutions dropped by 5 to 35.

Suggested Citation

  • Zubov Sergey, 2022. "Russia’s banking sector in 2021," Published Papers ppaper-2022-1199, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1199
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1199.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; banking sector; profit; capital; corporate loans; retail lending;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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