The Russian banking sector – where to next?

Abstract

After a long recession, the Russian economy is finally showing signs of moderate growth. The economy is expected to expand by 1.5 % this year, and most analysts forecast roughly similar growth rates in the coming years, too. There is a wide consensus among both Russian and foreign researchers that without major structural reforms Russia’s potential growth rate will remain at around those levels. This implies that Russian growth rates will remain well below the global average for the foreseeable future.