| | | | PROBLEMS OF MODERN ECONOMICS, N 1 (77), 2021 | | | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | | Milenkov A. V.
Base Chair of International Law, Finances and Chinese Economy, G.V. Plekhanov Russian Economic University (Moscow), PhD (Economics), Professor
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| | | The article discusses the impact of the crisis-related factors, typical of the year 2020, upon the economic performance of enterprises in the real as well as financial and banking sectors of the Russian economy. The following factors produced a positive impact upon sector of banking and finances in 2020: higher degree of preparedness to the distant format on the basis of previously formed practices of “virtualization” and digitalization; optimization of expenses of credit organization that took place prior to the crisis and “survived” the optimization of the banking sector in 2013–2019; broadening (diversification) of the spheres of activity characteristic to large banking spheres. However, the traditional high correlation between the level of marginality (profitability) of large credit organizations in relation to the levels of profitability of organizations in other spheres of economic activity (types of business), as well as in relation to the level of marginality on the banking sector in foreign countries, remained the most important factor of the Russian economic realities. The author suggests that organizations of finance-and-banking sector could perform an important mission in the post-crisis period, namely, they could become one of the key sources to finance recovery and the new development of small- and medium-scale enterprises in the real sphere of economy and in innovative industries. | | Key words: finance-and-banking sector, cost of banking credit, banking margin, profitability of banking, virtualization and digitalization of banking | | Pages: 101 - 103 |
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