On January 1, 2005 in the Russian banking sector, there were 131 credit organization with foreign participation in the authorized capital, of which 33 organizations with 100 percent participation of non-residents. In recent years, large-scale expansion of foreign banks in Russia were observed. During 2003-2004, the total number of credit institutions with foreign capital increased by 5 units and the number of banks with 100 percent foreign capital - to 6 units. The proportion of non-residents in the aggregate authorized capital of the Russian banking sector on 1 October 2004 was 5.35 percent. to 5.26 percent. three years ago. The data contained in the review prepared by the Center for Macroeconomic Research (TSMEI) of BDO Unicon.
In 2004, banks with foreign participation have increased their presence in the market of consumer lending. The increased interest of foreigners to the segment of credit linked to its dynamic development. Over the past three years of credit to the banking sector, individuals have increased six times. An estimated TSMEI, the 2004 lending doubled in population to over 600 billion rubles.
Source:
Finmarket 
