Bank operations

Banking operations (also banking services ) - transactional and business operations usually performed by banks ; in some countries on an exclusive basis.

Content

By country

Russia

According to the legislation of the Russian Federation, banking operations are included in the closed list of operations, the right to carry out which belongs to credit organizations on the basis of a banking license .

In accordance with the Federal Law “On Banks and Banking Activities”, banking operations include:

raising funds of individuals and legal entities in deposits (demand and for a certain period);
placement of the indicated attracted funds on its own behalf and at its own expense;
opening and maintaining bank accounts of individuals and legal entities;
settlements on behalf of individuals and legal entities, including correspondent banks, on their bank accounts;
collection of cash, bills , payment and settlement documents and cash services to individuals and legal entities;
purchase and sale of foreign currency in cash and non-cash forms ;
attracting deposits and placement of precious metals ;
issuance of bank guarantees ^[1] ;
money transfers on behalf of individuals without opening bank accounts (with the exception of postal transfers).

All banking operations and other transactions are carried out in rubles , and in the presence of the corresponding license of the Bank of Russia - in foreign currency. The rules for banking operations, including the rules for their material and technical support, are established by the Bank of Russia.

According to the terminology of the World Trade Organization (WTO), these banking operations are related to banking services ^[2] .

According to media reports, the Bank of Russia is ready to allow large microfinance companies to transform into banks with limited functionality. Thus, they will be able to finance their activities without restrictions at the expense of the population. True, for this you will have to pay more stringent requirements for standards and lower profitability of the business. As pointed out by the Bank of Russia, “the point of moving to a“ different league ”is for companies that are ready to provide customers with a number of banking services . Among them are opening accounts , lending at larger amounts than with MFIs, issuing guarantees, currency exchange , bank cards and money transfers , attracting public funds without restrictions (microfinance organizations can attract citizens' funds only in large amounts - from 1.5 million rubles .— “Kommersant”). ” ^[3] ^[4]

According to studies, the level of Russians using banking services is as follows:

Table: “What kind of financial services do you personally use at present?”, In% (All-Russian survey, No. = 2000) ^[5]

	2011	2012	2013	2014	2015	2016
Consumer loan (excl. Credit card)	21	nineteen	24	22	18	29th
Mortgage	2	3	four	four	five	7
Car loan	3	3	four	four	five	five
Plastic card for pension, salary, scholarships, etc.	39	44	51	57	53	63
Plastic card ( debit ) received upon opening bank accounts	four	9	9	14	thirty	31
Credit card	3	7	five	9	17	21
Term deposit	eight	14	eleven	18	eight	sixteen
Current account, demand deposit	eleven	15	sixteen	ten	15	15
Investment services	0	one	2	2	one	one
Money transfers	eight	eleven	7	sixteen	22	25
Bank cells	0	3	0	one	one	2
Internet banking	one	one	four	14	22	28
Other	0	0	one	one	2	3
I do not use financial services (none of the above)	26	23	22	22	21	20
Difficult to answer	2	2	one	one	2	2

Notes

↑ The issuance of bank guarantees to the number of banking operations can only be conditionally due to the fact that the Civil Code of the Russian Federation also provides for the right of insurance organizations to act as guarantors.
↑ WTO Center of Expertise
↑ Banks with disabilities (neopr.) .
↑ The Central Bank may allow MFIs to transform into “regional” banks (neopr.) .
↑ Sociology. Statistics. Publications Russian Banking Services Market: Industry Overview. Issue 1 / Authors: T. A. Aymaletdinov, O. A. Sharova; Analytical Center NAFI. - M.: Publisher NAFI, 2016 .-- 44 p.

Links

Article 5 of the Federal Law of December 2, 1990 No. 395-1 “On Banks and Banking Activities” (Neopr.) . Consultant Plus . Date of treatment December 19, 2010. Archived February 22, 2012.

[1] The issuance of bank guarantees to the number of banking operations can only be conditionally due to the fact that the Civil Code of the Russian Federation also provides for the right of insurance organizations to act as guarantors.

[2] WTO Center of Expertise

[3] Banks with disabilities (neopr.) .

[4] The Central Bank may allow MFIs to transform into “regional” banks (neopr.) .

[5] Sociology. Statistics. Publications Russian Banking Services Market: Industry Overview. Issue 1 / Authors: T. A. Aymaletdinov, O. A. Sharova; Analytical Center NAFI. - M.: Publisher NAFI, 2016 .-- 44 p.