CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION
The banking sector is one of the most important components of the financial sector. Starting on February 24, 2022, both businesses and ordinary citizens felt their dependence on hostilities, as the payment system was already under a heavy load in the first few days, which almost led to its collapse....
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| Format: | Article |
| Language: | English |
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V. N. Karazin Kharkiv National University
2022-10-01
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| Series: | Фінансово-кредитні системи: перспективи розвитку. |
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| Online Access: | https://periodicals.karazin.ua/fcs/article/view/21465 |
| _version_ | 1797645738947117056 |
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| author | Julia Halushko Vladyslav Tsymbal Anatoliy Pishta |
| author_facet | Julia Halushko Vladyslav Tsymbal Anatoliy Pishta |
| author_sort | Julia Halushko |
| collection | DOAJ |
| description | The banking sector is one of the most important components of the financial sector. Starting on February 24, 2022, both businesses and ordinary citizens felt their dependence on hostilities, as the payment system was already under a heavy load in the first few days, which almost led to its collapse. The banking sector has received many challenges, the main of which are: a decrease in income relative to expenses, an increase in the share of non-performing loans, mass migration of people abroad, and the loss of part of the staff. The NBU and other subjects of the financial sphere create all the conditions for serving the economic and banking interests of the population and ensuring a high level of competitiveness of the banking sector. Looking at the situation today, the domestic banking system has undergone and is undergoing significant upheavals due to the fact that it has to "work" in conditions of uncertainty, but still banks fulfill their obligations and comply with regulations. However, we can also observe certain transformational processes, such as: implementation of the Power Banking project (a perimeter built on the basis of regular bank branches that will provide financial services to clients in conditions of a long-term lack of power supply); uninterrupted operation of the contact centers of the National Bank is organized; new functions have been added to the BankID system, which enables financial sector entities to solve their problems a little easier and faster, etc.
The article is devoted to highlighting the main problems of the functioning of the banking system of Ukraine in the conditions of a special state. The importance of the study lies in the need for urgent implementation of measures that will contribute to reducing the risks of the financial system and banks as a whole to a possible minimum. |
| first_indexed | 2024-03-11T14:51:11Z |
| format | Article |
| id | doaj.art-db37dad97b674ed582822712c292e1a3 |
| institution | Directory Open Access Journal |
| issn | 2786-4995 2786-5002 |
| language | English |
| last_indexed | 2024-03-11T14:51:11Z |
| publishDate | 2022-10-01 |
| publisher | V. N. Karazin Kharkiv National University |
| record_format | Article |
| series | Фінансово-кредитні системи: перспективи розвитку. |
| spelling | doaj.art-db37dad97b674ed582822712c292e1a32023-10-30T09:27:57ZengV. N. Karazin Kharkiv National UniversityФінансово-кредитні системи: перспективи розвитку.2786-49952786-50022022-10-0136384710.26565/2786-4995-2022-3-0421465CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATIONJulia Halushko0Vladyslav Tsymbal1Anatoliy Pishta2V. N. Karazin Kharkiv National UniversityV. N. Karazin Kharkiv National UniversityV. N. Karazin Kharkiv National UniversityThe banking sector is one of the most important components of the financial sector. Starting on February 24, 2022, both businesses and ordinary citizens felt their dependence on hostilities, as the payment system was already under a heavy load in the first few days, which almost led to its collapse. The banking sector has received many challenges, the main of which are: a decrease in income relative to expenses, an increase in the share of non-performing loans, mass migration of people abroad, and the loss of part of the staff. The NBU and other subjects of the financial sphere create all the conditions for serving the economic and banking interests of the population and ensuring a high level of competitiveness of the banking sector. Looking at the situation today, the domestic banking system has undergone and is undergoing significant upheavals due to the fact that it has to "work" in conditions of uncertainty, but still banks fulfill their obligations and comply with regulations. However, we can also observe certain transformational processes, such as: implementation of the Power Banking project (a perimeter built on the basis of regular bank branches that will provide financial services to clients in conditions of a long-term lack of power supply); uninterrupted operation of the contact centers of the National Bank is organized; new functions have been added to the BankID system, which enables financial sector entities to solve their problems a little easier and faster, etc. The article is devoted to highlighting the main problems of the functioning of the banking system of Ukraine in the conditions of a special state. The importance of the study lies in the need for urgent implementation of measures that will contribute to reducing the risks of the financial system and banks as a whole to a possible minimum.https://periodicals.karazin.ua/fcs/article/view/21465banking activityriskstrustnbufinancial sector |
| spellingShingle | Julia Halushko Vladyslav Tsymbal Anatoliy Pishta CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION Фінансово-кредитні системи: перспективи розвитку. banking activity risks trust nbu financial sector |
| title | CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION |
| title_full | CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION |
| title_fullStr | CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION |
| title_full_unstemmed | CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION |
| title_short | CURRENT PROBLEMS OF THE BANKING SYSTEM AND METHODS OF SOLVING THEM IN A SPECIAL SITUATION |
| title_sort | current problems of the banking system and methods of solving them in a special situation |
| topic | banking activity risks trust nbu financial sector |
| url | https://periodicals.karazin.ua/fcs/article/view/21465 |
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