Our September sale is now live until 30th September 2021! Apply a 15% discount to your cart in Store using promotional code: EQLYSEP21
Economy Our insights on the global economy, business environment and B2B sectors inform business strategy and pinpoint opportunities and risks.
Find content by

Russia's Financial Industry less Attractive for Foreign Investors

11/19/2015
Euromonitor International Profile Picture
Euromonitor International Bio
Share:

Falling oil prices, economic sanctions and the weakening ruble have all taken their toll on Russia's financial industry, causing profits in this sector to shrink by a staggering US$ 12 billion in 2014. While the largest banks are reeving financial support from the Central Bank, a number of smaller banks were forced to merge or terminate their operations completely. Unfortunately, Russia's economy is projected to remain sluggish over the coming years, and the level of bad loans is expected to increase. As a result, foreign banks are expected to look elsewhere for profitable markets.

Download as an MP3

Interested in more insights? Subscribe to our content

Latest Insights

Money 20/20

Euromonitor International 17 September 2021

Global Economic Forecasts Q3 2021

Euromonitor International 08 September 2021

3 Keys to Strategic Market Assessment

Patricia MacHannaford 11 August 2021

2050年の世界の食料事情

Euromonitor International 05 August 2021

Shop Our Reports

Global Overview of the Healthcare and Social Services Industry

The briefing examines how healthcare and social services industry performs globally and in the largest countries in terms of healthcare and social services…

View Report

Innovation and Population Ageing: Adapting to the Longevity Era

The older consumer segment is growing rapidly globally, driving the need for genuine innovation to cater to older adults’ evolving and diverse demands. Older…

View Report

Global Overview of Automotive

The briefing examines how automotive industry performs globally and in the largest countries in terms of automotive output. The report also provides data for…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More