Noida, India (PressExposure) January 15, 2010 -- RNCOS has recently added a new Market Research Report titled, âRussia Banking Sector Forecast to 2012â to its report gallery. The banking sector in Russia has witnessed appreciable growth in past few years and has continued the trend despite crisis. Showing resistance to the global economic meltdown, the sector continued to record double-digit growth in 2008 and 2009. This uniqueness of the Russian banking sector reflects huge potential for growth and investment in the country. The banking assets are forecast to grow at a CAGR of nearly 22% during 2008-2013. The federal government and Central Bank of Russia are taking all the necessary measures to support the banking sector and maintain liquidity in the domestic economy.
Our findings, which have been amassed in our new research report titled âRussia Banking Sector Forecast to 2012â, reveal that despite adverse economic conditions, banks continued to lend to the enterprises as well as households. Total credit extended (to households and non-financial organizations) by Russian banks increased 34.5% in 2008. We also noted that state and foreign controlled banks have increased their market share to the total credit volume extended by banks in Russia. It indicates that banks are still actively lending, and are optimistic about economic conditions in Russia. Bank loans are projected to grow at a CAGR of around 23% during 2008-2013.
Moreover, deposits with Russian banks are expected to grow at a CAGR of 20-25% during 2008-2013. With the support of regulatory bodies and federal government, banks have been able to sustain the consumer confidence on the domestic banking system. Individual or household deposits, which account for over one-third of total deposits with Russian banks, grew at CAGR of about 31% during 2004-2008, while corporate deposits grew at even higher rate.
The report âRussia Banking Sector Forecast to 2012â is the outcome of extensive research and detailed study of the Russian banking sector carried out by our team of experts. In this report, all the important performance indicators of the Russian banking sector have been discussed in detail. Most importantly, it also features forecast on each of the key banking segments to provide better understanding of the banking sector in the country. Moreover, the report analyzes the trend of macroeconomic factors critical to the banking sector and their impact on the sector. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Russian banking sector.
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