Influence of the 1998 Financial Crisis on the Russian Banking Sector

Resumé For my master work I chose a topic from the Russian ekonomie sphere: The Influence of the 1998 Financial Crisis on the Russian Banking Sector. In 2006 the Russian banking sector celebrated the 15th anniversary of its existence. During that relative short interval experienced events that banking systems of other countries need decades to live through. I divided my master work into three parts - Banking sector in 1987-1997, Russian banking in critical year 1998 and New period (late 1998-2006). I also set the thesis that Russian financial crisis had a positive impact on banking in sense of its further stabilisation. First part is dedicated to events during interval 1987-1997. At the beginning of mentioned era was made a clue reform of Soviet banking and the two-tier banking system arose for the first time in the history. Since that we could speak about historical tradition of modem banking. In the opening part I dealed with turbulent development of banking system, which evolved in unfavourable ekonomie conditions. I mention banking legislative, huge growth of credit organisations, its illegal operations like money laundering or capital flight and I also describe the rise of banking financial-industrial groups headed by powerful Russian oligarchs. Oligarchs like Chodorkovsky, Potanin or Vinogradov..