CURRENT TRENDS OF BANKING SECTOR DEVELOPMENT IN RUSSIA

Abstract

Tendencies of banking system development in Russia are connected with the necessity of carrying out of the analysis of credit organizations activity. Economy development affects banking system of the state providing all spheres of national economy with financial resources. Under conditions of pressure upon Russia’s economy from the western countries the role of banking sector constantly increases as it renders financial and intermediary services to all economic subjects. As a commercial bank should act as a reliable institute of the society and represent the basis of economic system stability, it is necessary to carry out regular complex analysis of the banking sector state. Besides, commercial banks should constantly modernize and develop new methods of crediting involving more clients. Therefore, considering the financial state, the purposes of the developed strategy and developed economic situation, banks should form competent credit policy. At the same time, commercial banks should pay sufficient attention to the state of the delayed debts the dynamics of which makes considerable impact on the quality of credit portfolio along with the volumes of the given out credits and the sum of urgent debts. In the article the basic tendencies of the development of banking sector in Russia are revealed. The authors suggest measures on levelling of negative tendencies in the banking system of the country that will promote improvement of the basic key indicators of dynamical development of the banking sphere