As of November 1, 2026, the number of bank offices in Russia dropped to slightly over 20,500. This figure represents a decline of approximately 8.72% over the first ten months of 2026, as the total count stood at over 22,300 on January 1.
The current density of bank branches in Russia is comparable to levels seen in 2010. This trend follows a broader reduction in physical presence, with banks having closed about one-third of their offices since January 2019, when the network comprised approximately 30,000 locations.
The pace of branch closures has accelerated, with the rate tripling between 2024 and 2025. In 2025 alone, banks shut down around 1,700 offices, with Sberbank accounting for roughly 900 of those closures. By mid-November 2026, there were 300 commercial banks operating in the country.
Financial institutions are shifting toward digital service models to optimize operational costs. However, access remains limited for users in areas without stable internet or those unable to utilize mobile applications, especially as most banks are not included in the 'white lists' for internet access during connectivity restrictions.
