The transition to the banking of the future could generate up to USD 81 billion p.a. for the BRICS+ and CIS countries. Russia and China could become the first countries in the world to move to this level
Russia presents its vision of the future global financial system
The share of those who have at least some savings increased to 55% in 2024 but is still lower than in other countries. Bank deposits take the crown as the most popular type of savings
While the introduction of central bank digital currencies around the world is still viewed with mixed perceptions by market players, this instrument has the potential to bring in hundreds of billions of rubles a year in Russia alone
The concentration of the banking market in Russia is set to continuously increase. Small and medium-sized banks will not be able to remain competitive in their client and product niches
