THE IMPACT OF THE 2022 SANCTIONS AND THE COVID-19 PANDEMIC ON THE DEPOSIT RISK OF BANKS AND CREDIT INSTITUTIONS

UDC: 336.71.078.3
DOI: 10.36871/ek.up.p.r.2022.12.03.013

Authors

Dmitriy M. Korets,
Financial University under the Government of the Russian Federation, Moscow, Russia

Abstract

The paper considers the problems of deposit risk in the Russian banking sector; the main factors affecting the level of this risk, and mechanisms for minimizing risk in conditions of uncertainty. The Russian economy is under the sanctions of European countries and the United States due to a special military operation in Ukraine, and is also recovering from lockdown and restrictions caused by the COVID-19 epidemic. The combination of these factors complicates the work of enterprises and makes it necessary to study the impact of deposit risk on the Russian banking sector.
Special attention is paid to the impact of systemically significant banks on the market of deposit products in Russia. One of the main tasks was to identify the impact of credit institutions on the resource base of the banking sector and deposit risk.

Keywords

systemically significant bank, resource, banking sector, deposit risk, deposit, key rate.