Open AccessThe Rise and Fall of Commercial Banks in the Irkutsk Region in the 1990 — Early 2000
Author(s) -
Vadim Shaherov
Publication year - 2021
Language(s) - English
Resource type - Conference proceedings
DOI - 10.17150/978-5-7253-3040-3.12
Subject(s) - monopoly , competition (biology) , business , market economy , state (computer science) , financial system , commercial bank , industrial organization , economics , finance , computer science , ecology , algorithm , biology
The article presents the material about the formation of the commercial banking sector of the Irkutsk region in the conditions of perestroika and transition to market relations. The main attention is paid to the history of the creation of commercial banks in the region. Their growth is associated with the tasks of destroying the monopoly of the state credit system and the development of private competition. On the example of the Irkutsk province, the features of the formation of the commercial banking system, the growth and liquidation of most banks are revealed, and the characteristics of the most stable commercial banks in the region are given.