Regional Coverage with Banking Services and Regional Economic Health

Economic developments are rapidly accelerating, and the world is becoming even more complicated. Recently, the world has witnessed the trend toward the reduction of household contribution and growing contribution of non-financial corporations as well as the one of public administration to GDP within...

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Bibliographic Details
Published in:SHS web of conferences 2019, Vol.62, p.2007
Main Authors: Lebedinskaya, O.G., Timofeev, A.G., Kurnikova, M.V.
Format: Article
Language:English
Subjects:
availability index
Banking
Banking services
estimation
loans
region
saturation efficiency
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Summary:Economic developments are rapidly accelerating, and the world is becoming even more complicated. Recently, the world has witnessed the trend toward the reduction of household contribution and growing contribution of non-financial corporations as well as the one of public administration to GDP within its institutional structure. The main problem in Russia results from huge territories and low interest of investors due to weak guarantees of investment protection. The banks with large state-owned shareholding do not always match their activities with the interests of the State. Low penetration of banking services into regions results from their low capitalization, low level of financial literacy, insufficient demand for banking services from the population and unfair competition posed by state-owned banks. With the general problems of banking sector added by regional factors, the derived statistics is extremely controversial. The solution of this problem needs durable solutions.
ISSN:2261-2424
2416-5182
2261-2424
DOI:10.1051/shsconf/20196202007