Analysis of the current state of the banking sector of Russia

The banking system is one of the most important institutions in the economy of any state. The economic security of the country largely depends on the efficiency and continuity of the banking system. In turn, commercial banks act as a key link in the banking system of any state. In this regard, the analysis of the activities of commercial banks and the identification of problems of their development is an extremely relevant issue. In addition, banks are one of the main creditors in the economy, which also strengthens the role of credit policy and credit risk management in the bank's economic security system, which is especially important in the current economic and political situation. The banking sector also plays an important role in the decision of the population on the choice of areas of investment of available funds. Commercial banks offer a wide range of deposit and savings products. The article analyzes the current state of the Russian banking system. The authors conduct a retrospective study in the context of structural units of the country's banking system. The factors that play a key role in quantitative and qualitative aspects are analyzed. The issues of penetration and saturation of banking products and services in the context of individual regions are also considered and the factors affecting these indicators are identified. An important indicator of the functioning of any commercial organization is profit. The article provides data on banks with a positive result of their activities, as well as on those who have received losses from their activities. The structure of banks is analyzed in the context of the financial results obtained. The authors touch upon the problems of the development of the country's banking system in the context of the COVID-19 pandemic, which has significantly changed the established foundations of the development of not only the banking sector, but also the economy as a whole.