Finance and Credit

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
LCCN Permalink
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

Restructuring of national banking systems: Domestic and some foreign practices

Vol. 25, Iss. 7, JULY 2019

Received: 25 February 2016

Received in revised form: 27 March 2016

Accepted: 13 April 2016

Available online: 1 August 2019

Subject Heading: Banking

JEL Classification: D81, G21

Pages: 1514–1541

Ezrokh Yu.S. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation

ORCID id: not available

Subject The article overviews practical specifics and methods of restructuring national banking systems.
Objectives I examine national and foreign practices of restructuring national banking systems to analyze relevant issues of the national banking system at the current phase. I look into prospects of developing the area in question, considering existing positive and negative experience.
Methods Using a historical method and synthesis of scientific knowledge, I assessed and evaluated premises, methods and results of restructuring of Russia's banking system in 2014–2015 on the basis of data of the Central Bank of Russia, Deposit Insurance Agency.
Results I revealed the specifics of undertaking measures to restructure some national banking systems abroad, evaluated domestic practices so to examine the efficiency of restructuring measures at the current phase, considering the continuing banking and economic crisis. Russia's banking system was proved to have been restricted ineffectively within 2014–2015. The Central Bank of Russia used a part of methods it tested in 2008–2009, without using foreign expertise sufficiently.
Conclusions and Relevance I prove the need to ignite the national banking system restructuring bearing in mind that the economic crisis may aggravate. The crisis may be more devastating and governmental spending on restructuring may increase due to a protracted period of accumulation, keeping banking challenges on hold.

Keywords: restructuring, banking system, crisis, foreign practice


  1. Komarov V.S. [Restructuring as a way to prevent the insolvency (bankruptcy) of credit institutions]. Predstavitel'naya vlast' – XXI vek: zakonodatel'stvo, kommentarii, problemy = Representative Power – 21st Century: Legislation, Commentary, Problems, 2006, no. 4, pp. 37–42. (In Russ.)
  2. Larina O.I. [Overcoming banking crises: fundamental strategies and instruments]. Den'gi i kredit = Money and Credit, 2011, no. 9, pp. 17–21. (In Russ.)
  3. Mitrokhin V.V. [Restructuring of the banking system as a way to improve its stability]. Vestnik Mordovskogo universiteta = Mordovia University Bulletin, 2009, no. 3, pp. 61–66. (In Russ.)
  4. Udalishchev D., Udalishchev V. [Restructuring of credit institutions as a driver of Russia's economic development]. Predprinimatel'stvo = Entrepreneurship, 2014, no. 6, pp. 114–121. (In Russ.)
  5. Rezbaev V.M. [On challenges of modernization, restructuring and banking reform in 2013–2015]. Vestnik UGAES = Bulletin USUES. Science, Education, Economy, 2013, no. 3, pp. 25–32. (In Russ.)
  6. Nikolaeva T.A. [On restructuring of the banking system]. Finansovaya ekonomika = Financial Economy, 2009, no. 1, pp. 27–32. (In Russ.)
  7. Bazhan A.I., Maslennikov A.A., Shenaev V.N. Sostoyanie rossiiskoi bankovskoi sistemy i problemy ee restrukturirovaniya [The condition of the Russian banking system and its restructuring issues]. Moscow, Institute of Europe RAS Publ., 2000.
  8. Golubeva V.I. [An effect of foreign capital on the real sector in some countries of Central and Eastern Europe]. Problemy prognozirovaniya = Problems of Forecasting, 2000, no. 3, pp. 143–155. (In Russ.)
  9. Danilov E.E. [Analytical tools for restructuring commercial banks in the Russian Federation]. Finansy, den'gi, investitsii = Finance, Money, Investment, 2003, no. 3, pp. 20–25. (In Russ.)
  10. Litun O.N. [A strategic approach to restructuring commercial banks]. Den'gi i kredit = Money and Credit, 2000, no. 2, pp. 15–22. (In Russ.)
  11. Murychev A.V., Fateev S.V. Problemy ekonomicheskogo rosta i restrukturizatsii bankovskoi sistemy Rossii (1996–1999 gody) [Issues of economic growth and Russia's banking system restructuring]. Moscow, PeroPlyus Publ., 2004, 103 p.
  12. Turbanov A.V. [Agency for restructuring credit institutions and its role in the recovery of the banking system in Russia]. Vestnik Finansovogo universiteta = Bulletin of the Financial University, 2000, no. 2, pp. 15–22. (In Russ.)
  13. Wiegert R. Banking Sector and Financial Intermediation in the Russian Transformation Process. In: Restructuring, Stabilizing and Modernizing the New Russia. Harvard University Press, 2001.
  14. Landier A., Ueda K. The Economics of Bank Restructuring: Understanding the Options. IMF, 2009.
  15. Khanin G.I. [Economic history of Russia in contemporary times]. TERRA ECONOMICUS, 2012, vol. 10, 408 p. (In Russ.)
  16. Dmitriev M.E. Rossiiskie banki nakanune finansovoi stabilizatsii [Russian banks on the eve of financial stabilization]. St. Petersburg, Norma Publ., 1996, 144 p.
  17. Balikoev V.Z. [Specifics of Russia's banking sector and competition in its environment]. Vestnik Tomskogo gosudarstvennogo universiteta. Ser. Ekonomika = Tomsk State University Journal of Economics, 2015, no. 1, pp. 5–18. (In Russ.)
  18. Ezrokh Yu.S. [An influence of sanctions on the Russian banking system: competitive perspectives]. Bankovskoe delo = Banking, 2014, no. 11, pp. 13–21. (In Russ.)
  19. Khanin G.I., Fomin D.A. [The economic crisis in the 2010s in Russia: causes, consequences, solutions]. TERRA ECONOMICUS, 2014, vol. 12, no. 4, pp. 15–32. (In Russ.)
  20. Ezrokh Yu.S. [How will the escalating competition impact the banking market of Russia?]. Bankovskoe delo = Banking, 2014, no. 1, pp. 10–14. (In Russ.)

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 25, Iss. 7
July 2019