Russia

billion USD of

GDP

BBB-

Fitch rating

Good safety

$21,000

of per-bank

Deposit Guarantee

million of

Population

5.09%

percent of

Inflation

/ 190

index points of

Doing Business

Financial indicators

billion USD of

GDP

BBB-

Fitch rating

Good safety

$21,000

of per-bank

Deposit Guarantee

million of

Population

5.09%

percent of

Inflation

/ 190

index points of

Doing Business
Russia

Financial sector


Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations. Despite improvements over the last several years, the Russian banking system is still evolving in meeting the capital and credit needs of a rapidly growing and dynamic market economy. Established in 1860, the Central Bank of Russian Federation acts as the central monetary authority of Russia. The Russian central bank formulates accounting rules for banks in Russia. According to Moody’s, banks in Russia are stable due to the improving economy, moderating credit costs, recovery in the capital buffers of banks in Russia, and the government’s increased support for systematically important banks. According to the Global Bank Directory, currently are 504 licensed banks operating in Russia.

Deposit Guarantee Scheme is covered by Deposit Insurance Agency (DIA) up to $21,000 per depositor per bank. Learn more
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