Banking Services in Russia: Theory and Fact

The topic of my essay is the banking system of Russia. The situation in Russia nowadays, due to the historic and unprecedented changes occurring in this country, is one of the most interesting fields of analysis and research. While studying the materials on the banking system in Russia I came across many deviations from the well-established standards of the banking system in Europe and some facts showing that in real life banks in Russia do not follow laws and regulations. So in my research I try to answer two questions.
Is the banking system in Russia fully developed?
Bank services in Russia: theory and fact. Do they differ?
In order to answer the first question I compared the European banking system to the current banking system in Russia as it is regulated by laws and by governmental acts and decisions.
In order to answer the second question I analyzed the information I received while studying the activity of the ‘’Incombank’’ branch in Chelyabinsk and while interviewing clients of other banks in Chelyabinsk in the summer of 1997.…