In Russia there 999 banks

The number of Russian banks continued to decline. So, after yesterday's revocation of a license in Mikoms bank for insufficient capitalization, the number of banks operating in Russia has fallen to an ominous mark of 999 units. It is noteworthy that in recent months, reducing the Russian banking system is often initiated by the banks themselves, and at least - by the actions of the Bank of Russia on the withdrawal of licenses. In the last year of compulsory licenses have lost 44 banks that voluntarily self-destruct in - 3 banks, 12 banks have left the market as a result of joining eight other players. Since 2010 the license had been revoked in four banks, canceled one, three banks have lost their licenses as a result of accession. New, more stringent requirements for minimum capital of banks increased the market trend of consolidation of the banking business, so that in 2010, is likely to continue mergers and acquisitions of banks, as well as reducing their total number.