Features of Development and Implementation of Potential of Credit Institutions in the Arctic Regions of the Russian Federation

Abstract

The article is devoted to the study of features of formation and implementation of potential of credit institutions in the regions of the Russian Arctic. The role and place of commercial banks in investment processes at the regional level was investigated. The factors influencing the investment activity of commercial banks in the regions are revealed. The potential of credit institutions in the regions of the Russian Arctic was analyzed, the problems of using the credit potential in these regions were studied. The features of the Russian Arctic, influencing the performance of the market of credit institutions, are indicated. It was determined that, in recent years, in the regions of the Russian Arctic there was a decrease in the number of regional banks and branches of capital credit institutions. The assessment of the established resource base of the banking sector by credit institutions was carried out. The presented dynamics of customer funds attracted by credit institutions and their divisions located in the regions of the Russian Arctic in 2012-2021 testifies to the different growth rates of this indicator in comparison with the average Russian level in individual Arctic regions. Analysis of the dynamics of the ratio of lending to the real sector of the economy to the established base of credit institutions made it possible to identify the regions of the Russian Arctic, in which the lending activity of the banking sector in relation to the real sector of the economy corresponds to the established base, and those where it is insufficient. A comparison was made of the structure of lending to legal entities and individual entrepreneurs by types of economic activity in the regions of the Russian Arctic and in Russia as a whole. Measures are proposed to enhance the participation of the banking sector in investment processes and increase the participation of credit institutions in the development of a sufficient financial base to ensure the development of the regions of the Russian Arctic.