Moscow’s credit and financial system

As Russia’s business, financial, industrial and cultural center, Moscow has always had special standing in the country.

Federal authorities, the leading scientific and industrial enterprises, and cultural organizations are all located here. Moscow is also home to the largest Russian credit institutions and bodies ensuring the implementation of market mechanisms, such as registration, licensing, appraisal, notary, and consulting companies, as well as stock exchanges and insurance firms. With this in mind, in terms of key macroeconomic figures, Moscow is the largest region of the Russian Federation and a city of federal importance with great financial and economic potential.

Currently, Moscow boasts the majority of the country’s financial institutions: the largest banks, insurance companies, pension funds, stock exchanges, etc, are all located here. Over 600 credit institutions out of a total of 1,250 banks operate in Moscow. Furthermore, over 80% of the country’s financial resources go through the city’s financial system.

Banks make up the core of the credit and financial system, and Moscow has the most developed banking sector among all Russian regions.