Modern Growth Points of the Russian Banking Sector and Their Impact on Economic Development of the Country
Modern Growth Points of the Russian Banking Sector and Their Impact on Economic Development of the Country

Summary/Abstract: The article considers the importance of the banking sector in ensuring the economic growth of the country. The goal of the article is to analyze the current state and tendencies of the strategic planning in the banking activity. Its results allowed to define the basic points of the Russian banking sector growth. The scientific novelty lies in systemizing the modern strategic approaches of Russian banks to planning the activity and forming areas of the Russian banking sector development on the basis of its growth points. Conditions of the globalization of financial markets and banking business cause the necessity to transfer the Russian banking sector from the extensive development model to mainly intensive development. It will considerably increase the competitiveness of Russian banks and national banking sector, as a whole. The conducted research is based on the methods of economic and statistical analysis and economic modeling. The basic result of the research is the development of the matrix related to selecting the strategy of the commercial bank development taking into account the “growth points” and “narrow spaces”. Besides, the scenario approach to selecting a specific banking strategy was offered.

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