ИСТИНА

The article is devoted to the issue of interconnection between globalization and performance of Russian banking sector during the recent years. Under the circumstances of intensive economic development the state of the Russian financial sector has been enhanced impressively. The financial expansion of Russian banks promotes integration processes in the region, raises level of competitiveness, forms the background for Russia to become another global financial center. However, local microeconomic implementation of international financial stability standards is worth to place importance on.