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Total assets of the banking sector in Russia 2002-2017

Total assets of the banking sector in Russia from 2002 to 2017 (in billion U.S. dollars)

by James Cherowbrier, last edited Aug 9, 2019
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.
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Total assets of the banking sector in Russia from 2002 to 2017 (in billion U.S. dollars)

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