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1 – 10 of 31This will affect consumer borrowing as people become unable to afford new loans or repay old ones, and the housing market may experience a slump. Low-interest loan schemes to stop…
Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…
Banking-sector stability is vital for the functioning of the Russian economy: bank credit is facilitating economic restructuring. Although the sector withstood the first impact of…
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DOI: 10.1108/OXAN-DB278809
ISSN: 2633-304X
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The bill is in parliament and could be voted on soon. The expropriation of firms and factories owned by Western firms will initiate profound economic restructuring and accelerate…
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DOI: 10.1108/OXAN-DB268309
ISSN: 2633-304X
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One study suggests that 1.5 million middle-class people lost their jobs in 2020. Despite government assistance programmes to keep employees in work and ease home-buying, the…
The expansion into retail reflects the transition of state-controlled Sberbank, Russia's largest bank from financial institution into a digital 'ecosystem' rebranded as Sber. Its…
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DOI: 10.1108/OXAN-DB261102
ISSN: 2633-304X
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Russian banking and finance
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DOI: 10.1108/OXAN-DB198141
ISSN: 2633-304X
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Cut off from international financial markets, Russian banks are struggling to make cross-border payments and domestic lending is greatly curtailed. The CBR believes the sector is…
The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…
Bank rescues, failures and regulation in Russia.