It is monetary authorities’ resources that became the principal source of growth in banks’ assets in October 2014. Still high frequency of banking license revocations and the ruble devaluation could hardly recover depositors’ confidence in the banking system – growth in the deposit base was close to zero at an annualized rate. Retail lending slowed down amid the deterioration of the credit portfolio quality. Banks’ return on assets kept declining in response to both the resource base appreciation and growth in contributions to the provisions for possible bad loans and other assets.