Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Banking Management in Russia: Its Shortcomings and Stages of Transformations

Authors
T A Alabina, I G Grentikova, R M Kotov
Corresponding Author
T A Alabina
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.235How to use a DOI?
Abstract
In the current time period in front of commercial banks in Russia arises a need to improve the quality of banking management as a special sphere of credit institution management. The main drawbacks of banking management in Russia formulated by the authors are justified by logically built factors. In order to make adequate decisions in the banking segment of the financial market, it is proposed to study the process of transformation of banking management in Russia. The authors identify six stages of transformation of banking management in Russia: 1) deposit and loan stage, 2) investment and speculative stage, 3) marketing stage, 4) stage of socio-economic management, 5) risk management stage, 6) information and digital stage. All stages are allocated on the basis of research of formation and development of banking business of Russia in the conditions of market economy. Digital transformation in Russian banking practice poses significant challenges to existing business models. It is concluded that the sixth stage of bank management transformation requires not only financial investments, but also readiness for changes at the level of established processes, thinking and internal culture. This material was a continuation of a series of publications of the authors in the field of banking management
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Proceedings
International Scientific Conference "Far East Con" (ISCFEC 2020)
Part of series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.235How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - T A Alabina
AU  - I G Grentikova
AU  - R M Kotov
PY  - 2020
DA  - 2020/03/17
TI  - Banking Management in Russia: Its Shortcomings and Stages of Transformations
BT  - International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1701
EP  - 1707
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.235
DO  - https://doi.org/10.2991/aebmr.k.200312.235
ID  - Alabina2020
ER  -