SHS Web Conf.
Volume 61, 2019Innovative Economic Symposium 2018 - Milestones and Trends of World Economy (IES2018)
|Number of page(s)||10|
|Section||Strategic Partnerships in International Trade|
|Published online||30 January 2019|
Banking competition and its development in Russia
Saratov Socio-Economic Institute (branch of Plekhanov Russian Economic University), Department of Banking, Money & Credit, 410003 Saratov, Russia
* Corresponding author: email@example.com
The article discusses theoretical issues of banking competition as well as its ifluences on the development of banking system (transformation of the essence of a bank; change of the target setting in banking; transfer of emphasis from operations to services; universalization of banking; transition from individual services to integrated banking products; change of priority from price to non-price methods of competition; transition from extensive to intensive type of network development; increasing the role of near-banks and nonbank banks). Factors influencing banking competition in Russia are shown: both restraining (reduction in the number of banks; concentration of assets at the largest banks; uneven territorial distribution of banks; local character of banking markets) and strengthening (financial globalization; digitalization of economy; forming of new banking culture).
Key words: Banking system / Banking market / Banking competition / Banking product / Methods of competition / Factors of competition / Financial globalization / Digitalization of economy / Banking culture
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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