Russian Banks Showing Double Digit Growth

Despite adverse economic conditions, the Russian banking sector is set to record robust growth in near future on the back of strong demand for banking services.

Noida, India, December 04, 2009 --( According to a new report “Russia Banking Sector Forecast to 2012” from RNCOS, a leading research provider, the Russian banking sector has performed reasonably well over the past couple of years. Demonstrating resistance against the severe global financial crisis, the sector continued to post double digit YOY growth last year and so far this year (2009). This uniqueness of the Russian banking sector reflects huge potential for growth and investment in the country. As per their estimations, the banking sector is forecasted to grow at a CAGR of about 18% during 2008-2013.

The report is an outcome of extensive research and detailed study of the banking sector in Russia. The report has discussed each of the performance indicators of banking sector, like deposits: household deposits and corporate deposits; loans: individual loans and organizational deposits in detail. In addition to these core performance indicators, the report contains an elaborate information and reliable statistics of other important banking products like payment cards and ATM terminals.

Most importantly, it also tells clients the direction in which the banking sector is likely to move in near term considering the possible impact of global financial crisis. The report features forecast for all the important banking performance indicators like deposits, loans and bankcards. Their forecasts are based on past growth trends, pattern of macroeconomic variables and recent and likely industry developments.

Additionally, the report analyses the pattern of macroeconomic variables, risk factors, capital adequacy analysis and emerging industry trends, which will decide future of the banking sector in Russia. The scope of risk factor analysis includes all the major risks the banking sector could face, including market risk, credit risk and liquidity risk.

The report also analyzes competitive landscape of the banking sector and lists the key players together with their present share. It also tells whether these players are state owned, private owned or foreign owned. Therefore, the report comes with complete solutions to clients.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

Shushmul Maheshwari
Chief Executive
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