Template-Type: ReDIF-Article 1.0
Author-Name:Michael Khromov
Author-Name-First:Michael                                            
Author-Name-Last: Khromov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:  RUSSIAN BANKS - A YEAR ON SINCE THE APPOINTMENT OF NEW CANTRAL BANK’S HEAD
Abstract:  The Central Bank’s new management have revoked the banking license of 7% of banks which were operating last year. Additionally, the following trends in the development of the banking sector developed most visibly during the elapsed 12 months: retail market segments – retail loans and retail bank deposits – saw slowdown in growth rates; the role of state-run banks increased, especially in retail markets; banking sector’s profi tability was diluted, and the scale of refi nancing of banks increased to a level comparable with the crisis in 2009.
Classification-JEL:  E21, E41, E51, E58, G21
Keywords: Banking sector
Journal: Russian Economic Developments
Year: 2013
Issue: 8
Month: August
Pages: 24-27
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/378Khromov.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:378