Number of banks reached 440 banks in 2018 in Russia, according to the National Central Bank. This is 14.9 % less than in the previous year.
Historically, number of banks in Russia reached an all time high of 1,249 banks in 2004 and an all time low of 440 banks in 2018. When compared to Russia's main peers, number of banks in China amounted to 192 banks, 267 banks in Germany, 117 banks in Japan and 4,686 banks in USA in 2018.
Russia has been ranked 2nd within the group of 151 countries we follow in terms of number of banks, 1 places above the position seen 10 years ago.