Russian Federation : Banking and Systems Report (3 Rev ed)

The Russian Report looks at the domestic and international banks within this high-growth market, setting out their challenges, and their systems choices and options.

This 3rd Edition of the "Russian Federation: Banking and System Report" has been extensively updated to incorporate all major changes and developments that have taken place throughout 2007 and into 2008.

Since the first edition, our reporters, alongside our own Russian correspondent, have continuously sourced on-the-ground information from key individuals from within both the banking and supplier sector in order to provide an in-depth, insightful review of what is taking place within this dynamic market.

Russia presents a host of opportunities for both domestic and foreign banks as well as for system vendors.

If a bank or supplier is to establish a secure foothold within Russia then now is the time to do so.

This vibrant market has seen a substantial growth in the consumer lending segment, which alongside the high interest rates, promises a lucrative return on investment.

Corporates are, in turn, investing in Russian banking facilities as confidence in Russian banking continues to grow. A major consequence of the increase in retail banking is the dire need for banks to replace their old legacy system with contemporary models capable of meeting the requirements of scalability and flexibility.

Moreover, as international players enter, or as Russian banks look to expand further into the West, they are being faced with the challenge of coping with dual banking operations.

Not only do they need to contend with existing Russian banking practices but they are having to conform to Western standards if they hope to compete on an international scale.