Assessment of the Stability of the Russian Banking Sector in the Context of Macroeconomic Volatility
https://doi.org/10.26794/2220-6469-2021-15-3-28-37
Abstract
In recent years, one of the main features of the development of the world and, in particular, the Russian economy has become macroeconomic volatility and instability, which requires flexible approaches from the state and financial institutions to regulate and promptly respond to crisis phenomena. The new normalcy and the resulting new challenges for the Russian economy create the need for banks to maintain a high level of asset quality and an acceptable level of capital adequacy. The analysis made it possible to conclude that the introduction of the BCBS standards and IFRS 9 by the banking system led to the expected reduction in the capital base of Russian banks. At the same time, the Russian banking sector also demonstrates heterogeneous growth rates of total assets and stable growth of equity capital. Despite the impact of COVID‑19 on the global and Russian economies, the authors’ assessment of the stability of the Russian banking sector showed that at the end of 2020, the financial position of the Russian banking sector could be characterized as stable.
Keywords
banking sector,
stability,
macroeconomic volatility,
capital adequacy,
absorption of losses,
corporate loan portfolio,
retail loan portfolio
Supporting agencies: The article was prepared based on the results of research carried out at the expense of budgetary funds on a state order to the Financial University under the Government of the Russian Federation in 2021
About the Authors
I. I. Belyaev
Financial University
Russian Federation
Russian Federation
Ivan I. Belyaev — Dr. Sci. (Technical Sciences), Professor, Head of the Scientific Research Laboratory of Institute of Economic Policy and Economic Security Problems
Moscow
S. N. Silvestrov
Financial University
Russian Federation
Russian Federation
Sergey N Silvestrov — Dr. Sci. (Econ.), Professor, Head of Institute for Economic Policy and Economic Security Problems
Moscow
T. S. Gaibov
Financial University
Russian Federation
Russian Federation
Tural S. Gaibov — Cand. Sci. (Econ.), Senior Researcher of Scientific Research Laboratory of Institute of Economic Policy and Economic Security Problems
Moscow
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Review
For citations:
Belyaev I.I., Silvestrov S.N., Gaibov T.S. Assessment of the Stability of the Russian Banking Sector in the Context of Macroeconomic Volatility. The world of new economy. 2021;15(3):28-37. https://doi.org/10.26794/2220-6469-2021-15-3-28-37
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