Subject. The article considers the process of interplay between the banking system and economy in Russia. Objectives. The aim is to determine the characteristics of interaction of the banking system and economy in Russia. Methods. The study rests on general scientific methods, like analysis and synthesis of data, and special economic and mathematical methods, i.e. correlation and regression analysis, and graphical methods. Results. The study revealed a significant increase in the activity of the banking system. There is a gradual increase in interest rates on loans issued to legal entities and individual entrepreneurs, however, significant volumes of lending are maintained. Furthermore, the paper unveiled an active growth in the total volume of debt on loans to households and the non-financial sector. Banks are increasingly using the mortgage securitization tool and transferring overdue consumer loan debt to special companies. This enables to reduce risk of loan default, cope with problem debt, focus on core business, and improve the efficiency of the banking system. Conclusions. The identified characteristics of the interplay between the banking system and the economy in Russia are informative for both Russian and foreign investors. They help develop effective economic strategies, improve financial flow management, and reduce risks at all levels of government.
Keywords: asset, debt, loan, obligations, claims
References:
Athari S.A. Financial Inclusion, Political Risk, and Banking Sector Stability: Evidence from Different Geographical Regions. Economics Bulletin, 2022. URL: Link
Athari S.A., Saliba C., Khalife D., Salameh-Ayanian M. The role of country governance in achieving the banking sector's sustainability in vulnerable environments: New insight from emerging economies. Sustainability, 2023, vol. 15, no. 13, 10538. DOI: 10.3390/su151310538 EDN: XSWFUU
Vuong G.T.H., Barky W., Nguyen M.H. Stabilizing the national banking system through digital financial inclusion, creative innovations, and green finance in low-financially developed economies. Journal of Open Innovation: Technology, Market, and Complexity, 2025, vol. 11, iss. 1, no. 100434. DOI: 10.1016/j.joitmc.2024.100434 EDN: NWNHEC
Sadorsky P. The impact of financial development on energy consumption in emerging economies. Energy Policy, 2010, vol. 38, iss. 5, pp. 2528‒2535. DOI: 10.1016/j.enpol.2009.12.048
Danisman G.O., Tarazi A. Financial inclusion and bank stability: Evidence from Europe. European Journal of Finance, 2020, vol. 26, iss. 18, pp. 1842‒1855. DOI: 10.1080/1351847X.2020.1782958 EDN: MQUCEK
Wang R., Luo H.R. How does financial inclusion affect bank stability in emerging economies? Emerging Markets Review, 2022, vol. 51, part A, no. 100876. DOI: 10.1016/j.ememar.2021.100876 EDN: OIQKGC
Abdulai M.G., Issahaku H. The effect of financial development and legal institutions on financial inclusion in Sub-Saharan Africa. Journal of Open Innovation: Technology, Market, and Complexity, 2024, vol. 10, iss. 1, 100255, DOI: 10.1016/j.joitmc.2024.100255 EDN: YATHPI
Trinh H.H., Tran T.P. Global banking systems, financial stability, and uncertainty: How have countries coped with geopolitical risks? International Review of Economics & Finance, 2024, vol. 96, Part B, 103647. DOI: 10.1016/j.iref.2024.103647 EDN: OQBSFV
Caldara D., Iacoviello M. Measuring geopolitical risk. The American Economic Review, 2022, vol. 112, no. 4, pp. 1194‒1225. DOI: 10.1257/aer.20191823 EDN: LHUUQL
Wang X., Wu Y., Xu W. Geopolitical risk and investment. Journal of Money, Credit, and Banking, 2024, vol. 56, iss. 8, pp. 2023‒2059. DOI: 10.1111/jmcb.13110 EDN: DHQPNR
Espenlaub S., Khurshed A., Neufeld A. Loan amendments and capital structure. International Review of Financial Analysis, 2025, vol. 102, 103924. DOI: 10.1016/j.irfa.2025.103924 EDN: DHXSXA
Chu Y. Debt Renegotiation and Debt Overhang: Evidence from Lender Mergers. Journal of Financial and Quantitative Analysis, Forthcoming, 2019. DOI: 10.2139/ssrn.2767017
Denis D.J., Wang J. Debt covenant renegotiations and creditor control rights. Journal of Financial Economics, 2014, vol. 113, iss. 3, pp. 348‒367. DOI: 10.1016/j.jfineco.2014.04.003
Godlewski C.J. The certification value of private debt renegotiation and the design of financial contracts: Empirical evidence from Europe. Journal of Banking and Finance, 2015, vol. 53, pp. 1‒17. DOI: 10.1016/j.jbankfin.2014.12.006
Stowell D.P., Stowell P. Chapter 1 – Overview of Investment Banking. In: Stowell D.P., Stowell P. (eds.) Investment Banks, Hedge Funds, and Private Equity. 4th ed. Academic Press, 2024, pp. 3‒25. DOI: 10.1016/B978-0-323-88451-8.00001-1
Laeven L., Levine R. Bank governance, regulation and risk taking. Journal of Financial Economics, 2009, vol. 93, iss. 2, pp. 259‒275. DOI: 10.1016/j.jfineco.2008.09.003
Wang Y., Song G., Lu Y. Geopolitical risk, bank regulation, and systemic risk: A cross-country analysis. Finance Research Letters, 2025, vol. 76, no. 106893. DOI: 10.1016/j.frl.2025.106893
Julio P., Maria J.R. The magnifying role of the banking sector during depressions. Journal of Macroeconomics, 2024, vol. 79, no. 103569. DOI: 10.1016/j.jmacro.2023.103569 EDN: NIOSWK
Ari A., Chen S., Ratnovski L. The dynamics of non-performing loans during banking crises: A new database with post-COVID-19 implications. Journal of Banking & Finance, 2021, vol. 133, no. 106140. DOI: 10.1016/j.jbankfin.2021.106140 EDN: OROANV
Berger A.N., DeYoung R. Problem loans and cost efficiency in commercial banks. Journal of Banking & Finance, 1997, vol. 21, iss. 6, pp. 849‒870. DOI: 10.1016/S0378-4266(97)00003-4
