Trends and prospects for the development of the Russian banking sector and its impact on the regional financial system

The banking sector is one of the main structural elements of the regional financial system. The level of development of the banking system directly affects the growth of the activity of economic agents, socio-economic growth, and the process of regional reproduction. The state of the financial system of the region is largely determined by the financial results of the activities of banking organizations. The purpose of the study is to review the state of the banking sector based on the analysis of the performance indicators of the largest banks in Russia to assess the potential impact of the Russian banking sector on the regional financial system. The priority object of the analysis was the assessment of the dynamics of a number of important indicators of the sector in 2010-2020: net assets, capital, net profit, loans issued to enterprises and organizations, deposits of individuals. To analyze the financial activities of banks, the author used economic and statistical methods, correlation and regression analysis, on the basis of which the forecast of the sector for 2021-2022 was made. Conclusions. As a result of the research, the author came to the conclusion that the growth rate of the banking sector is slowing down, which negatively affects the investment attractiveness of the banking business. Analysis of the dynamics of the main banking indicators revealed that the growth of the banking sector is largely provided by the largest banks with direct and indirect state control. Regional and private banks are not able to compete fully with the largest federal banks. The uneven development of the banking industry reduces the attractiveness of its segments for small banks, increasing their capital, net assets and profits. In the period 2021-2022, it is predicted that the current trends will continue and the main indicators of the banking sector will grow slightly, which will be determined by the market leaders.

financial system, region, banking sector, forecast, correlation and regression analysis