A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 179 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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The Future of Banks: The Transformation of Business Opportunities
16 June 2022
11:00—12:15
In recent years, banks have seen a slump in their profit margins, which have been significantly impacted by low interest rates, a high level of competition and activity among major banks to build ecosystems, and the prospects for the introduction of a digital rouble. There has been an intensive outflow of deposits from banks to the stock market. In the new economic realities, the overall trend of declining bank profitability remains an issue. For example, restrictions on the acquiring commission are diminishing the attractiveness of card products, while high interest rates are reducing lending volumes, including mortgage lending. With this in mind, banks need to solve the long overdue task of technological transformation, primarily as it pertains to the import substitution of foreign software and the replacement of computer equipment. What can the banking system expect in these new economic conditions? Which technological innovations are essential given the current sanctions, and which ones, on the contrary, will fade away? Are there ways to reduce costs for banks by building common technological infrastructure and the digitalization of the industry?
Date
16.06.2022
Forum
SPIEF
Started at
11:00—12:15
Conference hall
Pavilion G, conference hall G4
Analytics on the topic