Number of banks fell 8.96% to 366 banks in Russia in 2020, according to the National Central Bank.
Historically, number of banks in Russia reached an all time high of 1,249 banks in 2004 and an all time low of 366 banks in 2020. When compared to Russia's main peers, number of banks in China amounted to 192 banks, 257 banks in Germany, 114 banks in Japan and 4,344 banks in USA in 2020.
Russia has been ranked 2nd within the group of 148 countries we follow in terms of number of banks.
| Number of Banks | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Austria | banks | 42.0 | 41.0 | 39.0 | 38.0 | 42.0 | ||||||||||||||||
| Belgium | banks | 99.0 | 90.0 | 88.0 | 87.0 | 85.0 | ||||||||||||||||
| Canada | banks | ... | ... | ... | 75.0 | 81.0 | 80.0 | 82.0 | 80.0 | |||||||||||||
| China | banks | ... | ... | ... | ... | ... | 190 | 190 | 190 | 192 | 193 | ... | ||||||||||
| France | banks | 269 | 276 | 258 | 259 | 259 | ||||||||||||||||
| Germany | banks | 271 | 263 | 263 | 267 | 259 | ||||||||||||||||
| India | banks | ... | ... | ... | 157 | 157 | 162 | 161 | 161 | ... | ||||||||||||
| Japan | banks | 117 | 117 | 117 | 117 | 116 | ||||||||||||||||
| Mexico | banks | ... | ... | ... | 44.0 | 47.0 | 48.0 | 50.0 | 51.0 | ... | ||||||||||||
| Poland | banks | 65.0 | 64.0 | 63.0 | 64.0 | 64.0 | ||||||||||||||||
| Russia | banks | ... | ... | ... | 681 | 575 | 517 | 440 | 402 | ... | ||||||||||||
| South Korea | banks | ... | ... | ... | 55.0 | 58.0 | 56.0 | 56.0 | 54.0 | |||||||||||||
| USA | banks | 5,304 | 5,080 | 4,886 | 4,686 | 4,488 |
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