Business models of banks in the Russian Federation: definition, classification, prospects

Under the conditions of strongly changed foreign policy and economic background, one of the most important factors of sustainability and development of the Russian banking system is the choice of the right business model for commercial banks. This article explores the conceptual apparatus, history and approaches to the definition of business models of banks, offered its own definition of business model. The article considers different classifications of business models of Russian banks, analyzes their relevance and prospects for use, analyzes the trends ofdifferent groups of the banking sector. The author proposed his own classification of business models, analyzed the prospects of different models and made a conclusion about the transition of the Russian banking sector to the models of a universal bank with a different share and combination of the main business areas.