Determinants of the Russian Banking Sector Development as the Drivers of Economic Growth

Abstract

The paper substantiates the relationship between the situation in the national banking sector and Russia's economy. Using the data provided by the Bank of Russia [8; 9; 10], Federal State Statistics Service [2], IBM SPSS Statistics software product, the authors have carried out a regression-correlation analysis of the main indicators of the Russian banking sector in 2005-2015 and GDP. It has been found that there is the strongest positive correlation between GDP and aggregate banking risks and also the profit of credit institutions; the correlation between GDP and aggregate financial result of the banking sector is weaker; the return on equity has no significant relationship with major indicators of banking activities, except for a moderate negative relationship with the aggregate value of regulatory capital; the return on equity in the Russian banking sector is affected adversely by subordinated debt in the structure of capital. In a stable economic situation (2005-2007, 2010-2013) the authors point out a correlation between capital and the profit of the banking sector; in a crisis situation (2008-2009, 2014-2015), there is a correlation between capital and the profit of profitable credit institutions alone. A positive correlation has been revealed between the proportion of profit of the reserve fund in the structure of capital and risks undertaken. Taking into consideration the correlations identified, the authors make a forecast model for aggregate profits of Russia's banking sector.

Development and Implementation of Alternative Concept for Expected and Unexpected Losses in Corporations

“… identify expected and unexpected losses of joint financial and intellectual capitals functioning; separate study of intellectual capital in corporations was conducted by Galazova et al [7];  further develop methods and tools to identify unexpected and expected losses from bank risks [15], [16];  further develop methods and tools to identify unexpected and expected losses from tax risks [9];  develop methods, means and tools for uncertainty evaluation [11].…”

Neocontinental model of financial development in the context of Eurasian integration

“…According to these documents, financial integration is expected to be carried out in order to create a common financial market and it accessibility for member countries of the EAEU, to ensure efficient protection of rights consumers of financial services; to create conditions for mutual recognition of licenses in the banking, insurance and securities market; to develop approaches towards risk management in the national financial markets in accordance with international standards; to determine requirements for banking activities (Voronova et al, 2016), insurance activities and activities in the securities market; to establish the supervision procedures over the activities of participants in the financial market; to ensure transparency of the activities of financial market participants.…”

Mobbing in Banks: The Role of Gender and Position on the Process of Mobbing in Banks in Poland and Russia

“…It can be suspected that the frequency of mobbing in banks will be affected by their rapid development. For the last 30 years, banks have been one of the leading enterprise types that have been heavily restructured (Baszyński, 2008;Pająk et al, 2016;Voronova et al, 2016;Wieczorek-Szymańska, 2013;Wyrwa, 2015). They have introduced dynamic changes, new technology, and modern ways of managing people, such as management by objectives, outsourcing, outplacement, or new training forms.…”