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:  THE BANKING SECTOR IN OCTOBER 2014
Abstract:  It is monetary authorities’ resources that became the principal source of growth in banks’ assets in October 2014. Still high frequency of banking license revocations and the ruble devaluation could hardly recover depositors’ confi dence in the banking system – growth in the deposit base was close to zero at an annualized rate. Retail lending slowed down amid the deterioration of the credit portfolio quality. Banks’ return on assets kept declining in response to both the resource base appreciation and growth in contributions to the provisions for possible bad loans and other assets.
Classification-JEL:  E21, E41, E51, E58, G21
Keywords: Banking sector
Journal: Russian Economic Developments
Year: 2014
Issue: 12
Month: December
Pages: 23-26
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/433Khromov.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:433