Dynamics of Development of the Russian Banking System

The modern banking system is important for the global economy. Its role is comparable to the human circulatory system, through which money is delivered to economic actors. Despite the importance of the global banking system for the global economy, there is no reliable statistics on the number of banks and credit organizations all over the world. Sample estimates suggest 50,000 credit institutions, including microcredit financial institutions, the public sector, commercial banks, credit unions, cooperative banks, etc. According to the Bank of Russia, the Russian financial system is represented in Russia with more than 876 credit institutions. organizations, including non-bank credit organizations. Of these, 91% are banks, and 9% are non-bank credit organizations. 11 banks are classified in accordance with the methodology of the Bank of Russia and are systemically important. Their share is 1.26% of the total number of organizations. About a third (36%) of credit institutions have the right to conduct banking operations. According to the Bank of Russia, 82.64% of credit institutions are organizations attracting deposits, 98.14% carry out operations in foreign currency, and 44.21% carry out operations with precious metals. The data reflecting the size of the capital of the leaders of the global financial market show that not a single Russian bank is in the TOP 100 Russian banks.