About 80% of small and medium-sized banks in Russia may disappear in the next 10 years. In this respect Wrote The newspaper Forbes, citing the forecasts of analysts of the consulting company Yakov and Partners.
According to the organization, credit structures may close or be absorbed by other banks. The fact is that due to the decline in household incomes, the activation of markets in the financial services market and the introduction of the digital ruble, it will be difficult for small credit institutions to compete with large credit institutions.
According to the company, there are about 300 medium and small banks in Russia. Its total assets range from 25 to 30 trillion rubles, which corresponds to about 18% of the entire size of the Russian banking market.
On May 23, the head of VTB Andrey Kostin declarationHe said the Russian bank in Shanghai would become a backbone serving Russian-Chinese trade.
The previous day, German Gref, President and Chairman of the Board of Sberbank of Russia saidhow the financial institution is dealing with enforcement pressure. According to him, as of the fourth quarter of 2022 (October-December), the bank made a profit and paid record dividends to its shareholders.