SOCIAL RESPONSIBILITY OF COMMERCIAL BANKS IN MODERN CONDITIONS OF DEVELOPMENT OF THE RUSSIAN BANKING SYSTEM

Abstract

This article is devoted to the study of social responsibility of commercial banks. The author discusses the main challenges, mechanisms and trends in the development of social responsibility of the banking sector. Results of the research allow to conclude that the principles of social responsibility is currently not fully implemented in the strategy of development of domestic commercial banks, and the level of social responsibility of commercial banks is still quite low, as the level of trust of Russians to banks. The article examines some essential aspects of the development and formation of the social responsibility of commercial banks in the Russian Federation.