Assessment of the Systemic Importance of Regional Credit Institutions in the Subjects of the Arctic Zone of the Russian Federation and Determination of the Opportunities for Their Support

Annotation

The article is devoted to the analysis of the banking sector in the Arctic regions of the Russian Federation, the identification of systemically significant regional credit organizations in the subjects of the Arctic zone of the Russian Federation and the study of possible areas of their support. The dynamics of existing credit organizations and their subdivisions in the Arctic zone of the Russian Federation in 2020-2021 is considered. It is determined that there are five regional credit organizations operating in nine Arctic regions now, of which one is a private non-banking one. Their activities are mainly aimed at the development of the real sector of the economy of the home region, at lending to small and medium-sized businesses. The detailed characteristics of the regional banks registered in the Arctic regions and the indicators of their activity are given. It is concluded that the allocation of significant banking structures for the functioning of regional economic systems and their support is an important issue in the analysis of the modern banking system. It is noted that the problem of developing criteria for identifying systemically significant banks for specific regions has been repeatedly raised and discussed in scientific research. It is concluded that for the practical assessment of the systemic significance of regional banks, modification and refinement of currently existing methods are required. The article offers the author's methodology for calculating the indicators used in assessing the systemic significance of a regional credit institution for a subject of the Russian Federation. The indicators of assessing the degree of systemic significance of regional commercial banks registered in the regions of the Arctic zone of the Russian Federation are calculated, and their score assessment is performed. The directions of support for regional systemically important credit organizations are presented.

About authors

Roman V. Badylevich, Cand. Sci. (Econ.), Senior Researcher
ramapatit@rambler.ru, ORCID: https://orcid.org/0000-0002-3164-8745
Luzin Institute for Economic Studies — Subdivision of the Federal Research Centre “Kola Science Centre of the Russian Academy of Sciences”, ul. Fersmana, 24a, Apatity, Murmansk Oblast, 184209, Russia

Elena A. Verbinenko, Cand. Sci. (Econ.), Associate Professor, Leading Researcher
everbinenko@yandex.ru, ORCID: https://orcid.org/0000-0003-3709-2116 
Luzin Institute for Economic Studies — Subdivision of the Federal Research Centre “Kola Science Centre of the Russian Academy of Sciences”, ul. Fersmana, 24a, Apatity, Murmansk Oblast, 184209, Russia

Keywords

Arctic zone of the Russian Federation, regional policy, banking system, regional bank, systemically significant bank, financial resources

DOI

10.37482/issn2221-2698.2022.47.5

UDC

504.5(985)(045)