Number of banks reached 366 banks in 2020 in Russia, according to the National Central Bank. This is 8.96% 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 366 banks in 2020.
Russia has been ranked 2nd within the group of 148 countries we follow in terms of interest rate on number of banks.
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