Banking sector assets in Russia 2017-2023

Total assets of Russian banking corporations increased overall during the observed period, from approximately 74 trillion Russian rubles as of January 1, 2017, to over 134.5 trillion Russian rubles as of January 1, 2023. Sberbank was the largest bank in Russia.

Consolidation

In 2013, the central bank of Russia began a national ‘clean-up’ of its financial institutions in a bid to rid the country of fraud and other financial crimes within the industry. Between January 2013 and January 2021, around 550 banks were closed by the state countrywide. More can be learned about the Russian banking sector and European banks through the overview report on the sector.

Bank accounts in Russia

The total number of bank accounts opened in Russia more than doubled between 2008 and 2023. As of January 2023, the number of bank accounts amounted to over one billion. There were more than seven bank accounts per capita in the country.