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Financial Banking Performance in January-November 2020

Sergey A. Zubov – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences, Associate Professor (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Due to the epidemiological situation, the structure and dynamics of financial performance in the banking sector have experienced changes. Amid declining margins, instability of financial markets and the unstable position of borrowers, the Russian credit institutions were forced to significantly adjust their market strategies. This resulted in a decrease of profitability of the banking system compared to the previous year.

Key words: Russian banking sector, financial banking performance, banks profit, banks profitability, pandemic.