Money, finances and credit

International financial processes influence on the retail lending market in Russia development

Economic Annals-XXI

Economic Annals-ХХI: Volume 157, Issue 3-4(1), Pages: 100-102

Citation information:
Tretyakova, I., & Sitnikova, E. (2016). International financial processes influence on the retail lending market in Russia development. Economic Annals-XXI, 157(3-4(1)), 100-102. doi: https://doi.org/10.21003/ea.V157-0031

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Irina Tretyakova
PhD (Economics),
Associate Professor of the Finance and Credit Department,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
iren_sin@list.ru

Elvira Sitnikova
Candidate of Sciences (Economics),
Associate Professor of the Finance and Credit Department,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
0209elvira@mail.ru

International criteria for the country’s banking system efficiency assessment

Abstract. Modern trends in banking require application of new approaches to the banking system assessment, revealing the banking sector potential and the shocks caused by the system risks. Therefore, the problem of harmonization of national and international standards and criteria for banking system’s efficiency assessment is of great importance. In the article, Russia’s banking system efficiency has been assessed by means of the methods of economic-statistical, structural-dynamic and ratio analyses; and on the basis of this assessment recommendations on system efficiency improvements in terms of compliance with international standards have been proposed. It is concluded that transition of the Russian baking system to Basel III standards is essential in order to improve efficiency of the Russian banking and comply the requirements of national and international standards.

Keywords: Bank; Banking System; Efficiency; Development Potential

JEL Сlassіfіcatіon: E44; G21

Acknowledgement. The research is financed by the Russian Foundation for Humanities. Grant No. 15-32-01389, project «Strategy for the Development of Real and Banking Sectors of Economy Based on the Effect of Convergence».

DOI: https://doi.org/10.21003/ea.V157-0030

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Received 5.02.2016

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