Assessment of the Stability of the Russian Banking Sector in the Context of Macroeconomic Volatility

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

• банковский сектор
• устойчивость
• макроэкономическая волатильность
• достаточность капитала
• абсорбция убытков
• корпоративный кредитный портфель
• розничный кредитный портфель