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How many banks are there in Russia?
According to the Central Bank of the Russian Federation on August 20, 2014 the number of commercial banks and non-banking organizations with a valid license amounted 872 units. In this case, 418 (47.9%) of these units can be called as large organizations.
The number of banks operating in Russia declines annually. These trends are especially measurable in the current year. After the recall of license of Master Bank in November 2013 such news has become more regular. So, over a period from January 1 until August 20 of this year the number of credit organizations with a valid license reduced by 51 units. Such policy of the main regulator proves the experts’ opinion that near the future there will be at about 500-600 banks in Russia. Thus, currently only 418 banks have the nominal capital that conform to requirements of the Central Bank.
According to the article 11 of the Federal Act ‘Concerning Banks and Banking Activities’ the nominal capital of the bank must be not less than 300 mln rubles as from the date of registration.
| № | Name | INN | Region | Authorized capital, mln RUB |
|---|---|---|---|---|
| 1 | VTB BANK OPEN JOINT-STOCK COMPANY | 7702070139 | Saint-Petersburg | 343 643,4 |
| 2 | RUSSIAN AGRICULTURAL BANK OPEN JOINT-STOCK COMPANY | 7725114488 | Moscow | 248 048,0 |
| 3 | BANK VTB 24 CLOSED JOINT-STOCK COMPANY | 7710353606 | Moscow | 91 564,9 |
| 4 | GAZPROMBANK JOINT-STOCK COMPANY | 7744001497 | Moscow | 64 486,3 |
| 5 | JOINT-STOCK COMPANY ALFA-BANK | 7728168971 | Moscow | 59 587,6 |
| 6 | JOINT-STOCK COMPANY UniCredit Bank | 7710030411 | Moscow | 40 438,3 |
| 7 | JOINT-STOCK COMPANY Raiffeisenbank | 7744000302 | Moscow | 36 711,3 |
| 8 | JOINT-STOCK COMPANY BANK URALSIB | 0274062111 | Moscow | 29 824,0 |
| 9 | INTERREGIONAL BANK FOR SETTLEMENTS OF THE TELECOMMUNICATIONS AND POSTAL SERVICES | 7710301140 | Moscow | 29 025,7 |
| 10 | JOINT-STOCK COMMERCIAL BANK AK BARS | 1653001805 | the Republic of Tatarstan | 28 211,7 |
It should be noted that amid the trend of credit organizations reduction, the Bank of Russia gave the licenses for banking transactions realizations to Sevastopolskiy Morskoy Bank and Chernomorskiy Bank of Development and Reconstruction on August 13. These banks are registered in new constituent entities of the Russian Federation, in the City of Sevastopol and the Republic of Crimea.
Concerning the regional structure it should be pointed out that more than half of banks are registered in the Central Federal District: 510 credit organizations (58%). Thus, the great majority is registered in Moscow, 454 organizations in total: 425 banks and non-banking credit organizations.
Banks and non-banking organizations trend in Russia among federal districts
The reduction of banks goes on various scenarios. Due to the raising of the minimum amount of the nominal capital by the Bank of Russia the number of procedures related to the taking over of small banks by the large ones, the consolidation of capital and self-liquidation and liquidation under the court decision has grown essentially. Cases of banks liquidation because of the law violation are also frequent.
According to analysts, the reduction of active banks in Russia that started in the period of the financial crisis is going to continue. Many experts are expecting of the essential reduction of active banks. At the same time it is early to give perfect forecasts about its total amount and the influence of such processes on economy.
The global experience demonstrates that if the bank has found and taken its special position for banking service, the size of this bank plays no role, as the ability of carrying out its obligations and acting on the legal structure is much more important. For instance, both small and large banks coexist peacefully in Switzerland. In addition to this, the section of finance services in these banks is one of the most advanced all over the world.