|
|
 |
|
Viewing report
|
|
|
|
Intellinews Russia Banking Sector Report
Emerging Markets Direct, Jan 2011, Pages: 19
The IntelliNews Russia Banking Sector Report offers an extensive summary of the Russian banking sector. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by thorough statistics and comments. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.
The financial crisis leads to an end of the rapid development of Russian banking sector. The sources of external finance declined and trust suffered, thus state support was necessary to stabilize the system. The consequences of the crisis form a new environment for banking in Russia, with reduced funding possibilities and diminished growth prospects.
In Jan-Nov, 2010, overall aggregate banking sector profit stood at RUB 495.3bn (soaring more than five-fold y/y). CBR sees credit growth for the non-financial enterprises of 12% in 2010, while credit growth to individuals is expected to amount to 13%-14%
Fitch Ratings notes the weakening of the effects of the crisis on Russian banking sector, on the background on sufficient decrease of the pressure on assets' quality and capital, as well as higher liquidity due to strong deposit inflow.
Moody's Investors Service upgrades the outlook on Russia's banking sector to stable from negative. The pace of consolidation in the Russian banking sector in 2011 could exceed the record rate of 2008 when over 6% of banking assets were under consolidation.
|
|
|
|
