Current state and development trends of the Russian banking sector in the context of digitalization

This article is devoted to the state of the banking sector in the modern period, and the main trends of its development in the conditions of digitalization of the economy and the pandemic. The authors identified the main problems in the country's banking system, gave a pessimistic assessment of its development, and identified promising areas in 2020-2021 that should improve the service for customers, make it more secure, convenient and comfortable. In the course of the research, the authors showed the share of problem loans in the corporate loan portfolio at the end of the first quarter of 2020, assets and debt of banks in 2008, 2014, 2020, and data on the amount of money withdrawn from accounts by depositors from the largest Russian banks in July of this year. The authors justify the need to use digital technologies in the banking sector, as it allows for more extensive and fast data collection, high-quality analysis, stimulating and controlling the implementation of innovative programs and projects in this area.