Postal Bank in Ukraine: The Need and Risks of Creation
The article is aimed at substantiating the feasibility of creating a specialized postal bank in Ukraine, to define the list of related risks and possible directions for their reduction. The following key risks that hinder the establishment of a postal bank in Ukraine are identified: risk of lack of...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2021-06-01
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| Series: | Bìznes Inform |
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| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2021-6_0-pages-228_234.pdf |
| _version_ | 1818649244469297152 |
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| author | Hladkykh Dmytro M. |
| author_facet | Hladkykh Dmytro M. |
| author_sort | Hladkykh Dmytro M. |
| collection | DOAJ |
| description | The article is aimed at substantiating the feasibility of creating a specialized postal bank in Ukraine, to define the list of related risks and possible directions for their reduction. The following key risks that hinder the establishment of a postal bank in Ukraine are identified: risk of lack of full control over the directions of investment of accumulated deposits of the population on the part of the NBU; liquidity risk; risk of non-compliance by the postal operator with economic standards that are mandatory for banking institutions; risk of capital deficit; risk of inability to support the postal operator with refinancing; risk of mass withdrawal of deposits by customers; risk of insufficient competence of «Ukrposhta» employees to comply with the requirements of financial monitoring; risks associated with the collection of large amounts of cash; risk of further growth of the share of the State-owned institutions in the banking market; risk of shortage of funds to close the agreement on the purchase of «Ukrposhta» by an already operating bank. Possible directions of minimization of these risks are proposed, in particular: implementation of key elements of successful experience in the banking services market of JSPPB «Aval»; defining as the target segment of clients of the new postal bank of the pensioners, who are currently customers of post offices, and as the basis of its resource base – the future pension and current accounts of individuals; use by «Ukrposhta» of the so-called «agency» model of financial services provision; association of «Ukrposhta» and «Oschadbank» into the State-owned Postal Bank; development of a list of key performance indicators for employees and branches of the new postal bank; development of a list of measures directed towards significantly improving the level of qualification of personnel of «Ukrposhta» branches; installation of POS-terminals and payment terminals in all post offices located in rural areas; establishment of individual economic standards for the new postal bank for the period of its full adaptation to activities in the banking market. |
| first_indexed | 2024-12-17T01:31:14Z |
| format | Article |
| id | doaj.art-5056249a03494431ada366badbfb4e50 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-17T01:31:14Z |
| publishDate | 2021-06-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-5056249a03494431ada366badbfb4e502022-12-21T22:08:34ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2021-06-01652122823410.32983/2222-4459-2021-6-228-234Postal Bank in Ukraine: The Need and Risks of CreationHladkykh Dmytro M.0https://orcid.org/0000-0001-5276-5521The National Institute for Strategic StudiesThe article is aimed at substantiating the feasibility of creating a specialized postal bank in Ukraine, to define the list of related risks and possible directions for their reduction. The following key risks that hinder the establishment of a postal bank in Ukraine are identified: risk of lack of full control over the directions of investment of accumulated deposits of the population on the part of the NBU; liquidity risk; risk of non-compliance by the postal operator with economic standards that are mandatory for banking institutions; risk of capital deficit; risk of inability to support the postal operator with refinancing; risk of mass withdrawal of deposits by customers; risk of insufficient competence of «Ukrposhta» employees to comply with the requirements of financial monitoring; risks associated with the collection of large amounts of cash; risk of further growth of the share of the State-owned institutions in the banking market; risk of shortage of funds to close the agreement on the purchase of «Ukrposhta» by an already operating bank. Possible directions of minimization of these risks are proposed, in particular: implementation of key elements of successful experience in the banking services market of JSPPB «Aval»; defining as the target segment of clients of the new postal bank of the pensioners, who are currently customers of post offices, and as the basis of its resource base – the future pension and current accounts of individuals; use by «Ukrposhta» of the so-called «agency» model of financial services provision; association of «Ukrposhta» and «Oschadbank» into the State-owned Postal Bank; development of a list of key performance indicators for employees and branches of the new postal bank; development of a list of measures directed towards significantly improving the level of qualification of personnel of «Ukrposhta» branches; installation of POS-terminals and payment terminals in all post offices located in rural areas; establishment of individual economic standards for the new postal bank for the period of its full adaptation to activities in the banking market.https://www.business-inform.net/export_pdf/business-inform-2021-6_0-pages-228_234.pdfbankpostal bank««ukrposhta»»nburisks |
| spellingShingle | Hladkykh Dmytro M. Postal Bank in Ukraine: The Need and Risks of Creation Bìznes Inform bank postal bank ««ukrposhta»» nbu risks |
| title | Postal Bank in Ukraine: The Need and Risks of Creation |
| title_full | Postal Bank in Ukraine: The Need and Risks of Creation |
| title_fullStr | Postal Bank in Ukraine: The Need and Risks of Creation |
| title_full_unstemmed | Postal Bank in Ukraine: The Need and Risks of Creation |
| title_short | Postal Bank in Ukraine: The Need and Risks of Creation |
| title_sort | postal bank in ukraine the need and risks of creation |
| topic | bank postal bank ««ukrposhta»» nbu risks |
| url | https://www.business-inform.net/export_pdf/business-inform-2021-6_0-pages-228_234.pdf |
| work_keys_str_mv | AT hladkykhdmytrom postalbankinukrainetheneedandrisksofcreation |