Russia’s banking system has strengthened significantly in the wake of a sustained economic and financial crisis that hit the country from 2014 to 2017. Interventions by the central bank helped to secure failing banks, while efforts to cut costs and bolster capital positions have also contributed to the health of the sector.
Even so, frailties in the system remain, not least in terms of asset quality. The Banker’s Top 1000 World Banks 2020 offers a glimpse of a Russian banking sector that has battled through the difficulties of recent years, to emerge both leaner and stronger, but with sizeable room for improvement across several performance metrics.
