MOSCOW - As a result of the implementation of banking reforms, the assets of the banking sector will amount to some 50 to 60 percent of Russia's GDP in 2008, a source in the Russian Finance Ministry told RBC. The current assets of the Russian banking sector are about 42.2 percent of the GDP.

The amount of credits to the real sector of economy is expected to increase from 18 to about 26 to 28 percent of the GDP. The source specified that neither the Finance Ministry nor the Central Bank was going to influence changes in the number of credit organizations.

RBC's interlocutor also added that banking reforms envisaged some measures aimed at enhancing transparency of the banking sector, increasing consumer crediting and raising competitiveness of the banking sector.