INDICATORS OF BANKING ACTIVITY — A LEADING INDICATORS OF SOCIO-ECONOMIC DEVELOPMENT OF REGIONS (ON THE EXAMPLE OF THE CENTRAL FEDERAL DISTRICT)

Abstract

Officially published statistics on socio-economic development of the regions implies significant disadvantages such as considerable time delay and insufficient validity. Analysis of banking indicators greatly contributes to easing the problems. Indicators on payment dynamics, changes in payment and settlement infrastructure, the structure of the bank resources, and lending to various loaners successfully complement and verify findings based on the traditional economic data on the real sector of the economy and the financial condition of citizens. In the Central Federal District, data on the banking sector activity confirms the official economic growth rates. During research no relations were found between the average per capita income and the amount of bank savings of individuals. We revealed the dominance of mortgage lending in the debt structure of individuals. Share of mortgage lending is larger in the most depressive regions. We figured out the inverse relationship between the growth of debt load and overdue debt in Central Federal region. The large companies contribute to the development of the most successful regions the way more than small and medium-sized business. Digitalization is a sequence of economic growth.