THE BANKING SECTOR OF RUSSIA IN MODERN CONDITIONS
The banking sector is the most important part of the country's financial system. One of the most important tasks of the banking sector is to ensure uninterrupted service of the national payment system, ensure the safety of depositors' funds and transform these funds into loans to the economy. In the structure of assets of Russian banks, the main place is occupied by lending to the real sector of the economy. Bank loans finance large national projects of the country, provide loans to businesses for development, as well as to citizens to maintain consumer demand. The banking sector is one of the key sectors in the Russian stock market; it is in the TOP-4 in terms of capitalization with an approximate share of 12-15%. In world banking ratings, the leaders are traditionally Chinese and American credit organizations. Russian banks SBERBANK and VTB are in the TOP-100 banks in terms of assets and capital. It should be noted that in the world rating of credit institutions for accepting cards in stores, Russian banks occupy high positions (Sberbank is in the TOP-3, seven banks are in the TOP-150). The main risks of the banking sector are a slowdown in economic growth, a decrease in economic activity and, as a consequence, risks associated with low solvency of borrowers. The banking sector is always sensitive to periods of economic downturn, since at this time the share of problem loans increases, which in turn affects the repayment of borrowed funds. The main regulator in the banking sector is the Central Bank of the Russian Federation. Since 2013, the regulator has been actively working to improve the banking sector and revoke licenses from unscrupulous banks. The main reasons for the revocation of licenses are risky credit policy and violation of legislation and requirements in the field of risk management (for example, non-compliance with the capital adequacy ratio).