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
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