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Finance and Credit
 

Prospects for postal and banking systems integration in Russia

Vol. 22, Iss. 36, SEPTEMBER 2016

PDF  Article PDF Version

Received: 3 August 2016

Received in revised form: 17 August 2016

Accepted: 8 September 2016

Available online: 29 September 2016

Subject Heading: Banking

JEL Classification: G21, G23

Pages: 19-33

Evdokimova S.S. Volgograd State University, Volgograd, Russian Federation
evdokimovalana@mail.ru

Importance The article addresses the most efficient and advanced models of postal and banking systems integration in today's Russian banking market. The models focus on increasing the banking services availability and developing the retail banking business under considerable reduction of the number of domestic banks due to license revocation and regional network optimization by large credit institutions.
Objectives The study aims to review the said models, unveil benefits and difficulties in project implementation on the case of creating a postal bank based on PAO Leto Bank and Russian Post, identify opportunities and prospects for postal and banking systems integration in the Russian Federation.
Methods The paper employs a logical analysis and economic and statistical methods to reveal a possibility to increase the availability of services of domestic credit institutions to the public under financial instability through efficient postal and banking integration.
Results Using the case study of creating a postal bank based on PAO Leto Bank and Russian Post, I consider ways and models of efficient postal and banking integration, analyze problems and benefits of project implementation, identify models and development strategy of postal banking in the Russian Federation.
Conclusions and Relevance Postal and banking systems integration may be beneficial for both banks and the Russian Post, which needs funds for its reform and modernization. If realized, the project will ensure availability of banking services to the population in regions, and the banking sector will improve its sales at minimum cost.

Keywords: integration, postal bank account, retail financial services, postal banking, low-cost banking

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