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Prospects for regional banks' development in modern conditions of the Russian banking system transformation

Vol. 25, Iss. 5, MAY 2019

Received: 19 February 2019

Received in revised form: 5 March 2019

Accepted: 20 March 2019

Available online: 30 May 2019

Subject Heading: Banking

JEL Classification: G20, G21, G38

Pages: 1086–1100

Sedykh N.V. Kuban State Technological University (KUBSTU), Krasnodar, Krasnodar Krai, Russian Federation

Subject The article analyzes regional banks in the current conditions of institutional transformation and offers their development prospects.
Objectives The aim is to unveil areas for future development of regional banks.
Methods The study draws on methods of logical and statistical analysis, as well as information from official sources, and regulatory documents.
Results I found out certain problems related to regional banks in modern conditions of the banking environment transformation. They include a reduction of the total number of regional banks caused by license revocation and acquisition by large public and private commercial banks, deterioration of their financial condition for the analyzed period, and insufficient supply of banking services of regions.
Conclusions and Relevance If present trends continue, there may be a sharp decline in the regional supply of banking services. This will have an adverse impact on small and medium-sized businesses that mainly rely on services provided by regional banks. For the sake of their future development, regional banks should organize clusters and implement innovative financial technologies of low capital intensity.

Keywords: regional bank, basic banking license, universal banking license, State-owned bank, banking system transformation


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