Andrey Petrov, PhD in Engineering, Member of Russian Academy of Natural Sciences, Chief-editor of “Banks and finances” newsletter
Analysis of Russian bank system performance in times of crisis compared to the crisis of 1998. Research was mostly based on the reporting activities’ analysis applying the method of Informational and Analytical System (IAS) ”Banks and finances” of “Mobile” news agency. Indicators have decreased since 2005. Russian bank system survived in the autumn because it was supported by State. Major Banks gained profit by operating the funds on the currency market. The profit dropped and therefore many banks have suffered losses. Reduction in enterprises’ and citizens’ incomes, unemployment increase risks and credit default. Risks under banks’ external loans grow. At the same time Russian Bank System remains firm.
KEYWORDS: sustainable development, bank system, external debt, credits, overdue debts, state funds, bank deposits of citizens, cashflow
Download article: THE RUSSIAN BANK SYSTEM IN THE TIMES OF CRISIS (CONTUINING)