Guidelines for the Development of the Russian Financial Market slide image

Guidelines for the Development of the Russian Financial Market

Bank of Russia FINANCIAL SECTOR OVERVIEW The Central Bank of the Russian Federation 34 SECURITIES MARKET (5) Growing a deeper Russian bond market with strong potential Figure 31: Ageing fixed assets require long-term investments Accumulated depreciation as % of fixed assets Figure 32: Breakdown of bond issuers by industry, as of March 1, 2018 45.3 45.3 49.4 48.2 47.9 47.7 47.1 9% 3% 4% 48.7 4% 47.7 5% 5% 2008 2009 2010 2011 2012 2013 2014 2015 2016 Figure 33: Corporate loans vs corporate bonds in Russia (tn) 9% 12% Banks and financial institutions Oil and gas Transport 49% Energy Construction and development Telecommunications Wholesale and retail trading Figure 34: "Bondization" of Russian financial market I Loans (incl. foreign debt) Corporate bonds (incl. eurobonds) Equities market trading volume, RUB trln Fixed income market trading volume, RUB trln 90.0 18 16.5 64.7 tn 15.3 75.0 15 60.0 27% 29.2 tn 29% 12 9.2 45.0 23% 8.7 20% 9 19% 30.0 73% 71% 6 77% 15.0 81% 80% 3 2009 2011 2013 2015 2017 0 2013 2014 2015 2016 2017 Source: Thomson Reuters, Moscow Exchange
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