Trends in the development of the banking system at the present stage

Challenges for the banking system: sanctions lists, freezing of assets, panic of depositors, the implementation of currency and interest rate risks, disruption of logistics chains for customers, the departure of large foreign businesses. The first months after the introduction of sanctions were characterized by a significant decrease in demand for all types of loans; credit policy is characterized by conservatism. One of the main reasons for the credit squeeze was a sharp rise in the cost of borrowing after the Bank of Russia raised its key rate to 20%. In order to prevent the collapse of the interbank market, the Bank of Russia immediately conducted large-scale operations to provide ruble liquidity. This made it possible to move to a structural liquidity surplus.