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Finance and Credit
 

Banking sector of Russia is basis for modernization of national economy

Vol. 19, Iss. 41, NOVEMBER 2013

Available online: 11 November 2013

Subject Heading: Banking

JEL Classification: 

Semenuta O.G. Doctor of Economics, Professor, the Department of Banking, The Rostov State Economic University
gsmail1@mail.ru

Panchenko N.O. Graduate Student of the Department of Banking, The Rostov State Economic University
nikita-olegovich@yandex.ru

The Russian banking system has such drawbacks as the lack of long-term financial resources and the low level of capitalization hindering the sustainable development of national economy. China had the same ones. In the article the development of the banking sector of China are considered, comparative analysis of the Chinese and Russian banking systems and its big banks are carried out. A number of propositions of changing of national banking institutions' functioning in accordance with the current needs of the Russian economy are offered.

Keywords: bank, banking system of China, banking sector of Russia, assets, capital

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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