Russian Financial Sector Update
Bank of Russia
FINANCIAL SECTOR OVERVIEW
The Central Bank of the Russian Federation
SECURITIES MARKET (3)
Equity market provides strong growth potential
Figures 24-26: Equities market volume breakdown by investor types as of August 1, 2018
40%
4%
2013
10%
11%
34%
Local funds Local retail investors Local banks and brokers Local corporates â– Foreign investors
2%
48%
2017
Figure 27: Russian equities market volume proves stable (RUB tn)
Trading volumes, RUB tn, Ihs
MOEX Index, rhs
3
2.5
2.5
2
1.5
1
0.5
1.664
0
01.15
01.16
04.16
07.16
10.16
01.17
04.17
2%
36%
8%
5%
48%
6M' 2018
9%
5%
35%
Figure 28: Domestic market capitalization to GDP ratio reflects
undervalued Russian financial market (of GDP, %)
2016 2017
180
2.6
2.350
Total value in 2017
= USD 619 bn
150
Hi
2.200
2.275
120
2.050
90
1.900
60
48.5
39.0
1.750
30
1.600
07.17
10.17
01.18
0
UK
Japan
Korea
US
China
Russia
Euro area
Source: Thomson Reuters, Moscow Exchange, International Monetary Fund and World Federation of Exchanges
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