Importance The research focuses on financial and lending relations in the banking sector. Credit institutions are to accumulate idle cash, reallocate them and transform internal savings in investment. Banks pursue their specific purposes, perform certain functions, which are more difficult to complete during financial and economic crises, thus resulting in payment delays of business entities, insufficiency of loan facilities that are needed to run and develop business entities. Objectives The research aims at identifying patterns of recovering the banking sector of economy after crises. Methods The research relies upon a systems approach and monographic, economic, statistical methods, and benchmarking. Results System crises were proved to affect the banking sector and impede socio-economic development of the country, result in significant losses, bankruptcies of businesses and credit institutions, downgrading banks' reputation as socio-economic institutions. Countries still face banking crises and spend substantial resources for their crisis management policies. Conclusions and Relevance The article reviews the state-of-the-art of Russia's banking sector. I conclude that during the current crises, it costs significantly more for the Russian banks, which are not subject to sectoral economic sanctions, to secure foreign funding. The findings of the research allow forecasting possible crises at the level of fiscal, monetary and financial policies.
Keywords: bank, banking crisis, banking sector, currency crisis, sanction
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