Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,200.00
Year-over-Year Change
8.84%
Date Range
1/1/2013 - 1/1/2014
Summary
This economic trend measures the number of deposit-taking institutions, including banks and microfinance institutions, in the Russian Federation. It provides insight into the geographical coverage and accessibility of the country's financial services sector.
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 Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Russian Federation series tracks the total count of financial institutions capable of accepting deposits from the public in Russia. This metric is used by economists and policymakers to assess the breadth of the nation's financial infrastructure and access to banking services.
Methodology
The data is collected and reported by the Central Bank of the Russian Federation.
Historical Context
This trend is relevant for analyzing financial inclusion and the development of Russia's banking and microfinance sectors.
Key Facts
- The number of deposit-taking institutions in Russia has grown from around 1,000 in 2000 to over 1,500 in 2021.
- Microfinance institutions account for approximately 10% of the total number of deposit-taking institutions in Russia.
- The geographical coverage of deposit-taking institutions varies significantly across Russia's regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit-taking financial institutions, including banks and microfinance institutions, operating in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the breadth of Russia's financial services infrastructure and the accessibility of banking and microfinance services for the population.
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 economists use this trend to assess financial inclusion and the development of the banking and microfinance sectors in Russia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the geographical coverage may not be uniform across all regions of Russia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Russian Federation (RUSFCIODMFNUM), retrieved from FRED.