The Role of Regional Banks in Ensuring Sustainable Development of the Regions of the Russian Federation

Dmitriy Shor, Inna Shor, Dildarakhon Shelestova

Abstract

The socio-economic situation in the regions of the Russian Federation is largely connected with the level of development of regional banks. Regional banks play an important role in ensuring the stable functioning of their region of dislocation as the scale of their activity, their saving and investment activities create the environment for economic growth in the regions and the increasing of the population’s standard of living. What is more, regional banks have a social responsibility connected with the development of local education, healthcare, culture and sport. However, despite their high importance, regional banks are experiencing a decline in the quantity and volume of their activities due to high competition pressure from the large federal banks. In this regard there are now questions of the prospects of regional banks’ further development, their support instruments and the contribution to their effective functioning. This has set the goal of our research connected with determining the trends, problems and priority guidelines for the development of regional banks in ensuring stability in all regions of the Russian Federation. To achieve this goal, we have applied a set of scientific methods, including observation, expert assessment, generalization, analysis and comparison. As a result, we described the development trends of regional banks from 2013 to 2020, which allowed us to draw conclusions on the transformation of the Russian banking system and the current problems of regional banks. This became the basis of creating measures to strengthen competitive advantages of regional banks and to discover their potential in ensuring stable development of the regions of the Russian Federation.

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Paper Citation


in Harvard Style

Shor D., Shor I. and Shelestova D. (2021). The Role of Regional Banks in Ensuring Sustainable Development of the Regions of the Russian Federation. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 396-400. DOI: 10.5220/0010591203960400


in Bibtex Style

@conference{issdri21,
author={Dmitriy Shor and Inna Shor and Dildarakhon Shelestova},
title={The Role of Regional Banks in Ensuring Sustainable Development of the Regions of the Russian Federation},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={396-400},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010591203960400},
isbn={978-989-758-519-7},
}


in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - The Role of Regional Banks in Ensuring Sustainable Development of the Regions of the Russian Federation
SN - 978-989-758-519-7
AU - Shor D.
AU - Shor I.
AU - Shelestova D.
PY - 2021
SP - 396
EP - 400
DO - 10.5220/0010591203960400