BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/01
Boosted by considerable government support, the average ratio of bank’s own capital to total assets in the banking sector has risen to 13 %. There are large variations, however. At the beginning of November, 129 banks had equity ratios below 12 %. Large deficiencies in calculating the capital have come to light in several bank insolvencies.
The CBR has increased its efforts to clean up the banking sector. Since June 2013, over 200 credit institutions have lost their licenses (93 in 2015). Most of the banks have been covered by the deposit insurance scheme. Consolidation of the banking sector continues, and today Russia’s 20 largest banks hold about 75 % of all banking sector assets. At the beginning of December, 740 banks operated in Russia.
Number of banking licence cancellations in Russia, 2000–2015
Source: Banki.ru.