Russia Banking & Financial Services Q4 2018
The outlook for the Russian banking and financial service sectors is relatively positive, after a lacklustre few years, as thecountry's economy continues to recover from its two-year recession. A number of factors support this outlook, including morestable global commodities prices, improving economic fundamentals and anticipated growth in household income rates. There are,however, significant structural barriers for sector growth including the EU and US sanctions, the domination of the Russian financialsector by state-owned or controlled banks, significant government-imposed barriers to foreign bank participation and thereluctance of many households to channel savings and investments through organised and formal channels.
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