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
References
1. Abramova M.A., Dubova S.E., Zakharova O.V., Ershov M.V., Lavrushin O.I. On the guidelines for the single state monetary policy for 2019 and the period of 2020 to 2021: Expert opinion of Financial University. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law. 2019;12(1):6–19. (In Russ.). DOI:10.26794/1999–849X‑2019–12–1–6–19
2. Shokhin A. N., Akindinova N.V., Astrov V. Yu., Gurvich E. T., Zamulin O.A., Klepach A. N., Mau V.A., Orlova N.V. Macroeconomic effects of the pandemic and prospects for economic recovery (Proceedings of the round table discussion at the XXIIApril International Academic Conference on Economic and Social Development). Voprosy ekonomiki. 2021;(7):5–30. (In Russ.). DOI:10.32609/0042–8736–2021–7–5–30
3. Eskindarov M.A., Maslennikov V.V. et al. New trajectories for the development of the Russian financial sector. Moscow: Cogito-Center; 2019. 365 p. (In Russ.).
4. Gunning G., Volland E., Birry A. Global banking country outlook midyear 2021: Tantalizing signs of stability. S&P Global Ratings. 2021. URL: https://www.spglobal.com/ratings/en/research-insights/special-reports/globalbanking-country-outlook-midyear-2021
5. Larionova I.V. On bringing banking regulation in line with the standards of the Basel Committee on Banking Supervision (Basel III) in an unstable economic situation. Moscow: KNORUS; 2018. 190 p. (In Russ.).
6. Ikeda Y., Kerry W., Lewrick U., Schmieder C. Covid‑19 and bank resilience: Where do we stand? BIS Bulletin. 2021;(44). URL: https://www.bis.org/publ/bisbull44.pdf
7. Doronkin M., Lopatin E. Back to the future: Rising rates and slowing lending are key trends in 2021 in the banking sector. NCR. Mar. 24, 2021. URL: https://ratings.ru/files/research/banks/NCR_BanksOutlook_Mar2021.pdf (In Russ.).
8. Nosova I., Piven’ V., Churilov A. The banking system is stable, but questions remain. Russian banking sector: Forecast up to 2022. Analytical Credit Rating Agency. Dec. 08, 2020. URL: https://www.acra-ratings.ru/upload/iblock/0df/9jwpdah2bd0vfdehwnb8f57xrunr7bf1.pdf (In Russ.).
9. Sokolov Yu. IFRS 9: Challenges of transition: What international preparers should be prepared for in 2018. Banking review: Financial sphere. Mar. 16, 2018. URL: https://bosfera.ru/bo/msfo-9-trudnosti-perehoda (In Russ.).
10.
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
Views:
517
Email this article 