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Financial Services Report Russia 4th Quarter Product Image

Financial Services Report Russia 4th Quarter

  • Published: November 2012
  • 25 Pages
  • The Economist Intelligence Unit

Russia has a relatively large, albeit state-dominated, banking system. However, it lacks significant institutional investors because of the limited development of insurance and asset management activities. This hampers the development of the securities market and spurs some large domestic firms to seek equity capital on foreign exchanges.

In the event of another global downturn and a credit squeeze in the global markets (probably sparked by an intensification of the euro zone crisis), the Russian Central Bank (RCB) seems ready to provide liquidity support for the country's banks. The Ministry of Finance has complemented the RCB by playing an increasingly important role on the money market.

Economic growth is forecast to be solid in the coming years, but well below the rates achieved before 2008. The Economist Intelligence Unit forecasts average growth of 3.9% in 2013-17, down from 7.6% in 2004-07. Growth is estimated at 3.7% in 2012 as global growth has slowed. A relatively feeble banking sector, coupled with weak regulation, is one of several impediments to faster economic growth.

Industry List: Asset managers, Financial Services, Banks, Financial Services, Exchanges, Financial Services, Financial Services, Financial Services, Insurers
Industry Codes (NAIC): 52
Industry Codes (SIC): 60

Financial Services Report Russia 4th Quarter

Market data: Financial services at a glance

Market data: Market opportunities

Market data: Key indicators

Financial services report
Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

Russia at a glance
Political structure
Sovereign debt ratings*

Fundamental indicators

Key contacts

Format Properties
Electronic (PDF) The report will be emailed to you. The report is sent in PDF format. This is a single user license, allowing one specific user access to the product.
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