Abstract

The coronavirus pandemic has negatively impacted the global economy. The banking sector is no exception. The authors analyze the impact of the coronavirus on the functioning and subsequent development of the banking sector in Russia. If we consider this pandemic as a one-time event, then the banking system will recover quickly enough, and there will be no tragic long-term consequences. However, if we talk about the coronavirus pandemic as a recurring event that will occur at intervals of two or even three times a year, then the real consequences are still difficult to assess.

Highlights

  • The problems of the banking system are largerly discussed n the analytical articles of many researchers? For example, in [1, 2, 3, 4]

  • The Russian banking sector is confidently going through this year, despite all the restrictions that the fight against coronavirus demanded

  • The analysis showed that the Russian banking system turned out to be much better prepared for this crisis than for all previous ones

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Summary

Introduction

The problems of the banking system are largerly discussed n the analytical articles of many researchers? For example, in [1, 2, 3, 4]. A significant amount of fee and commission income is generated due to new loans issued, in addition, the growth of transaction activity had a positive effect on them.

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