Foreign Banks in Countries of Central Asia

DOI: 10.20542/0131-2227-2013-12-74-83

E. Dzhagityan, Financial University under the Government of the Russian Federation, 49, Leningradskii prosp., Moscow, 125993, Russian Federation (

Abstract. The article presents the first in the Russian-language literature systemic research of the activities of foreign based banks in the countries of the Central Asia. A consideration of exogenous and endogenous risks in the banking sector has shown that internationalization of banking regulation and supervision substantially influences the financial status of foreign banks irrespective to their size, country of origin and experience of working at local markets. The revealed risks are systemized according to economic and legal dimensions. This allows to determine the limits of foreign banks’ efficient functioning in the region under consideration. 

Keywords: countries of Central Asia, banking regulation, prudential supervision, risks of banking activities, protectionist measures, banking reform, Basel III, foreign bank

Registered in System SCIENCE INDEX

For citation:
Dzhagityan E. Foreign Banks in Countries of Central Asia. World Eonomy and International Relations, 2013, No 12, pp. 74-83.

Comments (0)

No comments

Add comment






Current Issue
2023, vol. 67, No. 3
Topical Themes of the Issue:
  • Tax Instruments to Stimulate Innovations in EU Countries 
  • Russia and Western Balkans: Realized and Missed Opportunities in Trade
  • Spanish Society: Stable Instability 
  • ASEAN and the Myanmar Dilemma 
  • Greater Middle East
Submit an Article
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.