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Ruben Lamdany - Russia: the banking system during transition

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title Russia The Banking System During Transition World Bank Country - photo 1

title:Russia : The Banking System During Transition World Bank Country Study, 0253-2123
author:Lamdany, Ruben.
publisher:World Bank
isbn10 | asin:0821327186
print isbn13:9780821327180
ebook isbn13:9780585275338
language:English
subjectBanks and banking--Russia (Federation) , Finance--Russia (Federation) , Post-communism--Russia (Federation)
publication date:1993
lcc:HG3130.2.A6L35 1993eb
ddc:332.1/0947
subject:Banks and banking--Russia (Federation) , Finance--Russia (Federation) , Post-communism--Russia (Federation)
Page i
Russia
The Banking System during Transition
A WORLD BANK COUNTRY STUDY
Russia the banking system during transition - image 2
Page ii
Copyright 1993
The International Bank for Reconstruction and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing December 1993
World Bank Country Studies are among the many reports originally prepared for internal use as part of the continuing analysis by the Bank of the economic and related conditions of its developing member countries and of its dialogues with the governments. Some of the reports are published in this series with the least possible delay for the use of governments and the academic, business and financial, and development communities. The typescript of this paper therefore has not been prepared in accordance with the procedures appropriate to formal printed texts, and the World Bank accepts no responsibility for errors. Some sources cited in this paper may be informal documents that are not readily available.
The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
ISSN: 0253-2123
Library of Congress Cataloging-in-Publication Data
Lamdany, Ruben, 1954
Russia : the banking system during transition.
p. cm. (A World Bank country study)
"This report was prepared by Ruben Lamdany and it is based on the
work of two World Bank missions."
ISBN 0-8213-2718-6
1. Banks and bankingRussia (Federation) 2. FinanceRussia
(Federation) 3. Post-communismRussia (Federation)
I. International Bank for Reconstruction and Development.
II. Title. III. Series.
HG3130.2.A6L35 1993
332.1'0947dc20 93-44834
CIP
Page iii
Contents
Executive Summary
v
Introduction
1
The Financial System and Economic Reform
2
Description and Diagnosis of the Russian Banking System
5
Picture 3
The Central Bank of Russia: Monetary and Credit Policies
5
Picture 4
The Commercial Banking System
6
Picture 5
A Taxonomy of Russia's Commercial Banks
13
Picture 6
The Three Largest Specialized Banks
14
Reforming the Banking Sector: A Medium Term Strategy
20
Picture 7
Central Bank of Russia: Monetary and Credit Policy
20
Picture 8
The Strategy for Commercial Banks
22
Picture 9
The Role of Sberbank
28
Picture 10
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