Geographical Outreach: Number of Commercial Banks for Russian Federation
RUSFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314.00
Year-over-Year Change
-64.99%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of commercial banks operating in the Russian Federation, providing insight into the geographical outreach and accessibility of banking services across the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The number of commercial banks is an important indicator of the breadth and depth of the financial sector in Russia. It reflects the availability of banking infrastructure and the degree of financial inclusion for businesses and households.
Methodology
The data is collected and reported by the Central Bank of the Russian Federation.
Historical Context
This metric is used by policymakers and analysts to assess the development and integration of the Russian financial system.
Key Facts
- The number of commercial banks in Russia has declined from over 1,000 in the 1990s to around 400 today.
- Russia has a large geographical area, making banking access an important development goal.
- The Central Bank of Russia regulates and monitors the commercial banking sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in the Russian Federation, providing insight into the breadth of the country's banking infrastructure and financial sector development.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks is an important indicator of financial inclusion and access to banking services for businesses and households across Russia's large geographical area.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the development and integration of the Russian financial system and identify areas for improving banking access and financial inclusion.
Q: Are there update delays or limitations?
A: The data is regularly updated by the Central Bank of Russia, though there may be some lags in availability on external platforms like FRED.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Russian Federation (RUSFCIODCNUM), retrieved from FRED.