Template-Type: ReDIF-Paper 1.0
Author-Name:Khromov Mikhail
Author-Name-First: Mikhail 
Author-Name-Last:Khromov 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Russia’s banking sector in 2016
Abstract: In 2016, Russian banks’ total asset holdings contracted by 3.5% in nominal terms –  from Rb 83.0 trillion as of January 1, 2016 to Rb 80.0 trillion as of January 1, 2017. In 2015, Russian banks’ total asset holdings increased 6.9%. The decline in the nominal value of banks’ asset holdings in 2016 was recorded for the first time since asset-holding data began to be published in 1998. An appreciating ruble had a substantial adverse effect on the asset-holding dynamics. In 2016, the ruble gained 16.8% and 19.9% against the US dollar and the euro respectively, and therefore the ruble equivalent of assets held in foreign currency dropped considerably during the year. Banks’ asset holdings, as adjusted for the revaluation of assets held in foreign currency, increased slightly by 2.1% in 2016 after a 1.5% fall in 2015. Thus, the value of banking sector’s asset holdings was steady over the past two years.
Classification-JEL: E41, E51, G28, G21, G24
Keywords:  Russian economy, banking sector, profit, capital, corporate loans, retail deposits
Creation-Date: 2017
Revision-Date:2017
Length: 10 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-272.pdf
File-Format: application/pdf
File-Function: Revised version, 2017
Handle: RePEc:gai:ppaper:ppaper-2017-272