Specific features of domestic banks activity in the factoring services market
The article analyses specific features of formation and development of the domestic factoring market. In the result of the study the article establishes that development of factoring in Ukraine took place due to active participation of banking institutions in this process and nowadays they are leade...
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| Format: | Article |
| Language: | English |
| Published: |
PH "INZHEK"
2014-01-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/pdf/2014/1_0/284_291.pdf |
| _version_ | 1797330239069618176 |
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| author | Trygub Olena V. |
| author_facet | Trygub Olena V. |
| author_sort | Trygub Olena V. |
| collection | DOAJ |
| description | The article analyses specific features of formation and development of the domestic factoring market. In the result of the study the article establishes that development of factoring in Ukraine took place due to active participation of banking institutions in this process and nowadays they are leaders in the domestic factoring services market due to possessing significant competitive advantages if compared with non-banking companies that specialise in factoring. The article detects that nowadays the banks are not only offerers of factoring services and finance factoring operations of other market participants, but also take an active part in establishment of factoring branches and are consumers of factoring services. In order to accelerate development of international factoring in Ukraine, the article offers such forms of state support of banks, which render factoring services to domestic exporters. The article recommends to focus banks’ attention, under modern conditions that are characterised with volatility of financial markets, on factoring servicing of those clients, whom they have long business relations with, without jeopardising themselves through provision of factoring services to a big number of small debtors. The article provides schemes of banks’ co-operation in the sphere of “non-classic” factoring with accredited factoring companies. |
| first_indexed | 2024-03-08T07:17:08Z |
| format | Article |
| id | doaj.art-0ff4c6f2b7a24dd781febbf698370fdf |
| institution | Directory Open Access Journal |
| issn | 2222-0712 |
| language | English |
| last_indexed | 2024-03-08T07:17:08Z |
| publishDate | 2014-01-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-0ff4c6f2b7a24dd781febbf698370fdf2024-02-03T00:30:18ZengPH "INZHEK"Problemi Ekonomiki2222-07122014-01-011284291Specific features of domestic banks activity in the factoring services marketTrygub Olena V.0 Kyiv National University named after T. Shevchenko The article analyses specific features of formation and development of the domestic factoring market. In the result of the study the article establishes that development of factoring in Ukraine took place due to active participation of banking institutions in this process and nowadays they are leaders in the domestic factoring services market due to possessing significant competitive advantages if compared with non-banking companies that specialise in factoring. The article detects that nowadays the banks are not only offerers of factoring services and finance factoring operations of other market participants, but also take an active part in establishment of factoring branches and are consumers of factoring services. In order to accelerate development of international factoring in Ukraine, the article offers such forms of state support of banks, which render factoring services to domestic exporters. The article recommends to focus banks’ attention, under modern conditions that are characterised with volatility of financial markets, on factoring servicing of those clients, whom they have long business relations with, without jeopardising themselves through provision of factoring services to a big number of small debtors. The article provides schemes of banks’ co-operation in the sphere of “non-classic” factoring with accredited factoring companies.http://www.problecon.com/pdf/2014/1_0/284_291.pdffinancial intermediationfactoringbanksreceivablestroubled assets |
| spellingShingle | Trygub Olena V. Specific features of domestic banks activity in the factoring services market Problemi Ekonomiki financial intermediation factoring banks receivables troubled assets |
| title | Specific features of domestic banks activity in the factoring services market |
| title_full | Specific features of domestic banks activity in the factoring services market |
| title_fullStr | Specific features of domestic banks activity in the factoring services market |
| title_full_unstemmed | Specific features of domestic banks activity in the factoring services market |
| title_short | Specific features of domestic banks activity in the factoring services market |
| title_sort | specific features of domestic banks activity in the factoring services market |
| topic | financial intermediation factoring banks receivables troubled assets |
| url | http://www.problecon.com/pdf/2014/1_0/284_291.pdf |
| work_keys_str_mv | AT trygubolenav specificfeaturesofdomesticbanksactivityinthefactoringservicesmarket |