Banking Management in Russia: Its Shortcomings and Stages of Transformations
T A Alabina, I G Grentikova, R M Kotov
T A Alabina
Available Online 17 March 2020.
- https://doi.org/10.2991/aebmr.k.200312.235How to use a DOI?
- 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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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 - Proceedings of the 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 -