The main results of commercial banks in 2017 and prospects
In modern economic conditions, commercial banks play an increasingly important role in the process of increasing the credit and investment potential. However, to perform this function, the banking system and each individual credit institution must fully comply with the requirements set by the Central Bank of the Russian Federation. As a result of the constant problems that banks of all sizes face, the Bank of Russia continues to tighten requirements for commercial banks. For many banks, the aggressive credit policy ended with the revocation of the license, while other large private banking groups went for rehabilitation. These are only some of the results of the CBR policy on revocation of licenses from banks in respect of which violations have been identified. All these measures are necessary and aimed at the development of an important sector of the economy necessary for the population of our country. Currently, there is a decrease in the profitability of financial instruments due to the lack of stability in the economy, while analyzing the statistics of recent years, you can see the positive dynamics of many indicators. Thus, during the period under review, we have seen an increase in the growth rate of the retail loan portfolio, and in particular mortgage lending. In addition, a positive trend can be considered to be the reduction of the key rate by the Bank of Russia and the build-up of the technological base. In these conditions one of the primary tasks of banks is to provide a stable customer service, expanding customer base and ensuring the increase in share capital will do. In this significant article we will analyze the main results of commercial banks in 2017 and consider the possible development prospects.