Author: Yevgeny V. Strelnikov, Cand. Sc. (Ec.), Assistant-Prof. of Financial Markets and Banking Dprt., Urals State University of Economics

Abstract: At the present moment there is still no consensus among economists on development prospects for the Russian loan market. There exists a variety of theoretical views on how the loan market and the entire financial market are going to develop. This uncertainty is associated with introduction of Basel II and Basel III regulations. In the article the current state and development trends of Russia’s economy are analysed – its banking system and loan market in particular.

Keywords: Financial market development, financial market, instability of financial market, loan market, banking system, lending to banking system, economic activity of banks, state-owned banks, banking competition, stability of financial system