Total assets of the banking sector in Russia 2002-2017

Total assets of Russian banking corporations increased overall during this period, from a value of approximately 77 billion U.S. dollars in 2002 to more than 1.6 trillion U.S. dollars as of 2017. Compared to other European countries, Russian banks were 8th in terms of total assets. In 2017, the largest bank in Russia (total assets) was Sberbank.

Consolidation

Since 2013, the central bank of Russia began a national ‘clean-up’ of its financial institutions in a bid to rid the country of fraud and other financial crimes within the industry. Between January 2013 and November 2018, over 450 banks were closed by the state across Russia. More can be learned about the Russian banking sector and European banks through the DossierPlus publication on the sector.

Bank accounts in Russia

The total number of bank accounts opened in Russia more than doubled between 2008 and 2018. As of January 2008, the number of bank accounts amounted to approximately 421.69 million. As of January 2018, the number of bank accounts had increased to approximately 883.7 million. In Russia as of the 2018 there were six bank accounts per capita.

Total assets of the banking sector in Russia from 2002 to 2017

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Sources

Release date

February 2019

Region

Russia

Survey time period

2002 to 2017

Supplementary notes

The source adds the following information: "Figures show financial assets when available, otherwise total assets, converted into USD using year-end exchange rates using a constant exchange rate (from end-2017) published by the BIS. These figures may differ from similar statistics published by national/regional authorities due to differences in definitions."

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Statistics on "Sberbank Russia "

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