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Table 4 The indicators of the financial development of Russia in 2007–2019

From: Analysis of financial development and open innovation oriented fintech potential for emerging economies using an integrated decision-making approach of MF-X-DMA and golden cut bipolar q-ROFSs

Indicator

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Ratio of commercial bank assets to total banking sector assets, %

71.04

69.27

63.43

68.68

72.83

72.73

73.57

77.49

71.61

69.61

74.62

75.33

71.04

Liqud liabilities of banks/GDP, %

33.98

34.94

43.32

43.18

44.14

44.81

47.68

51.11

57.88

60.45

52.44

55.20

54.50

Bank deposits/GDP, %

17.80

21.20

21.30

24.60

24.00

25.10

25.00

23.10

29.60

32.30

28.30

27.00

27.00

Commercial bank assets/GDP, %

60.53

67.89

75.84

73.00

69.05

72.63

78.52

98.05

99.72

93.09

92.51

90.79

87.76

Domestic bank credit/GDP, %

29.08

33.84

42.64

37.73

37.69

40.35

44.55

51.61

55.32

54.36

51.13

46.00

46.60

Banking market concentration ratio (sum of market shares of the three largest banks), %

20.85

21.59

28.47

28.51

26.93

29.84

28.79

31.57

47.56

41.76

60.60

53.59

55.48

Equity capitalization/GDP, %

100.83

61.90

61.16

57.45

43.87

35.63

34.39

25.14

23.63

38.17

42.61

32.02

47.87

Bond capitlazation (state and corporate)/GDP, %

7.90

6.36

11.91

11.38

9.94

11.14

11.94

8.02

12.49

18.92

19.96

18.06

19.91

Financial depth (amount of loans, equity and bond capitalization to GDP), %

137.81

102.11

115.70

106.57

91.50

87.12

90.89

84.77

91.44

111.44

113.70

96.08

114.38

Economic monetization ratio (M2/GDP), %

35.36

31.10

35.34

39.44

36.36

36.30

39.48

38.06

39.34

42.36

43.56

43.32

44.70

  1. Sources Goskomstat (2022), Bank of Russia (2020), author’s calculations