Russian commercial banks in comparison with Western once
Commercial banks are in the business of providing banking services to individuals, small businesses and large organizations. Today's commercial banks are more diverse than ever. The goal of this essay is to clarify is there any significant changes for the institutional structure of the Russian banking system during last 5 year, make comparison between Commercial banks VTB24 (Russia),Barclays (England) and Goldman Sachs (USA)to understand the progress of developing Russian commercial banks.
In 2012 active growth of retail lending in the Russian banking sector continued. Corporate lending was growing at slower rate and the share of ...view middle of the document...
Other creditors RUB 952.5 billion 14.0%
Corporate and individual customers play by far the most important role with 53%. Bank loans play a much smaller role with 14%.
We do not expect any serious disturbances in the Russian banking sector in 2013. Lending will grow both in the banking and corporate sectors, though possibly at not such high pace as in 2012. In our opinion, the exceeding pace of growth of retail lending over corporate lending will continue.
Barclaysis a British multinational banking and financial servicescompanyheadquartered in London.
It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers. As of 31 December 2013 Barclays had total assets of US$2.42 trillion, the seventh-largest of any bank worldwide.
Based on the Barclays’financial information for the 2012, the bank had total assets of $1,490,747 million, total net loans and advances of $466,627 million, total deposits of $462,806 million, and total shareholders’ equity of $62,894 million. The profit before tax from continuing operations of the bank for the 2012 was $99 million after credit impairment charges and other provisions of $3,596 million.
The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients.
Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in international financial centres. The firm provides mergers and acquisitions advice, underwriting services, asset management, and primebrokeragetoitsclients, which include corporations, governments and individuals. The firm also engages in market making and private equity deals, and is a primary dealer in the United States Treasury security market. It is recognized as one of the premier investment banks in the world, but has sparked a great deal of controversy over its alleged improper practices, including the loosening of financial industry underwriting guidelines which had been intact since the 1930s, and in particular its actions since the 2007–2012 global financial crisis.
On the quarter ending September 30, 2013, it had total assets averaging $923 Billion. Total assets represent the resources available for use by the business and is equal to the sum of total liabilities (the firm's debt) and shareholders' equity (the owners' claims on the firm). Goldman Sachs Group had $846 Billion in average total liabilities and $77.6 Billion in average shareholders' equity.
| | |
| 09-2013 (Q2) | 06-2013 (Q1) |
Total Assets | 923,223,000 | 938,456,000 |
Cash and Due from Banks | 65,478,000 | 72,398,000 |
Federal Funds Sold or Securities Purchased | 169,868,000 |...