Summary
Banks in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Russian banking industry recorded assets of $2,301.8 billion in 2024, representing a compound annual growth rate (CAGR) of 12.6% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $1,651.2 billion, equivalent to 71.7% of the industry's overall value.
- The Russian banking industry grew by 37.1% in 2024, primarily driven by the rise in consumer credit, as individuals increasingly relied on loans for housing, education, and personal consumption. The growth in consumer credit expanded banks’ loan portfolios and strengthened their overall asset base. According to the Central Bank of Russia, consumer credit in Russia rose by 7.2% in November 2024 compared to November 2023, contributing significantly to the increase in total commercial bank assets.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the banks market in Russia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Russia
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Russia banks market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Russia banks market by value in 2024?
- What will be the size of the Russia banks market in 2029?
- What factors are affecting the strength of competition in the Russia banks market?
- How has the market performed over the last five years?
- How large is Russia’s banks market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Gazprombank
8.2. National Clearing Centre
8.3. Sberbank Rossii
8.4. VTB Bank
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Russia banks industry value: $ billion, 2019-24
Table 2: Russia banks industry category segmentation: % share, by value, 2019-24
Table 3: Russia banks industry category segmentation: $ billion, 2019-24
Table 4: Russia banks industry geography segmentation: $ billion, 2024
Table 5: Russia banks industry value forecast: $ billion, 2024-29
Table 6: Russia banks industry share: % share, by value, 2024
Table 7: Gazprombank: Key Facts
Table 8: Gazprombank: Key Employees
Table 9: National Clearing Centre: Key Facts
Table 10: Sberbank Rossii: Key Facts
Table 11: Sberbank Rossii: Annual Financial Ratios
Table 12: Sberbank Rossii: Key Employees
Table 13: VTB Bank: Key Facts
Table 14: VTB Bank: Annual Financial Ratios
Table 15: VTB Bank: Key Employees
Table 16: Russia Size of Population (Million), 2020-24
Table 17: Russia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Russia GDP (Current Prices, $ Billion), 2020-24
Table 19: Russia Inflation, 2020-24
Table 20: Russia Consumer Price Index (Absolute), 2020-24
Table 21: Russia Exchange Rate, 2019-24
List of Figures
Figure 1: Russia banks industry value: $ billion, 2019-24
Figure 2: Russia banks industry category segmentation: $ billion, 2019-24
Figure 3: Russia banks industry geography segmentation: % share, by value, 2024
Figure 4: Russia banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Russia, 2024
Figure 6: Drivers of buyer power in the banks industry in Russia, 2024
Figure 7: Drivers of supplier power in the banks industry in Russia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Russia, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Russia, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Russia, 2024
Figure 11: Russia banks industry share: % share, by value, 2024
