Importance The article discusses consequences of the 2014–2015 financial crisis that influence credit institutions’ performance. Objectives Using performance indicators of the banking sector, the research determines how the financial crisis impacted the banking system. The research identifies issues arising from the influence of the financial crisis on the banking system, analyzing both conventional aspects of profitability and commercial viability and such ratios as banking multiplier and monetization level. Methods The research relies upon general scientific methods that helped to have the overall view of the issue and separate aspects over time. Results The research identifies current issues of banking operations. Conclusions and Relevance The issues can be addressed if the Central Bank of Russia clearly sets forth relevant strategies, the accessible market of long-term resources is created through the integration of financial instruments, improvement of banks’ operations. Tax benefits for shareholders of banks and non-banking credit institutions can be another measure to address the issues. Innovative tools and mechanisms are still reasonable to integrate so to attain the highest efficiency of banks.
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