Financial stability management in banks: strategy maps
To prevent crises in the economy, it is necessary to ensure the financial stability of banks, which is one of the main tasks facing the banking system.The purpose of this article is to develop tools for improving the efficiency of financial stability management in a bank based on strategy maps.Using...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2019-11-01
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| Series: | Banks and Bank Systems |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12667/BBS_2019_04_Samorodov.pdf |
| _version_ | 1818491179592843264 |
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| author | Borys Samorodov Galyna Azarenkova Olena Golovko Kateryna Oryekhova Maksym Babenko |
| author_facet | Borys Samorodov Galyna Azarenkova Olena Golovko Kateryna Oryekhova Maksym Babenko |
| author_sort | Borys Samorodov |
| collection | DOAJ |
| description | To prevent crises in the economy, it is necessary to ensure the financial stability of banks, which is one of the main tasks facing the banking system.The purpose of this article is to develop tools for improving the efficiency of financial stability management in a bank based on strategy maps.Using UkrSibbank (Ukraine) as an example, two strategy maps are developed: a general management map and a local map – for the international payments division of the operational payments department. Structural elements of the designed strategy maps are: finances, clients, internal processes, training and development.Implementing the developed general strategy map in the bank’s practical activities involves the following measures: increasing financial stability; avoiding credit risk and optimizing the credit process; increase in profit; cost reduction; introducing new banking products; increase in the number of satisfied consumers; involvement and retention strategic clients.The developed strategy map for the international payments division of the operational payments department provides for the following measures: ensuring sufficient liquidity level of the bank’s balance sheet; introducing an effective system of analysis of origin of individuals’ and legal entities’ funds; direct correlation between employees of the international payments division and bank customers; timely informing customers regarding requirements updated. |
| first_indexed | 2024-12-10T17:27:18Z |
| format | Article |
| id | doaj.art-fe1ae0e4720c4740ac86beb30b7faa8f |
| institution | Directory Open Access Journal |
| issn | 1816-7403 1991-7074 |
| language | English |
| last_indexed | 2024-12-10T17:27:18Z |
| publishDate | 2019-11-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Banks and Bank Systems |
| spelling | doaj.art-fe1ae0e4720c4740ac86beb30b7faa8f2022-12-22T01:39:48ZengLLC "CPC "Business Perspectives"Banks and Bank Systems1816-74031991-70742019-11-01144102110.21511/bbs.14(4).2019.0212667Financial stability management in banks: strategy mapsBorys Samorodov0Galyna Azarenkova1Olena Golovko2Kateryna Oryekhova3Maksym Babenko4Doctor of Economics, Professor, Kharkiv Educational and Scientific Institute of the Banking UniversityDoctor of Economics, Professor, Kharkiv Educational and Scientific Institute of the Banking UniversityPh.D. in Economics, Associate Professor, Kharkiv Educational and Scientific Institute of the Banking UniversityPh.D. in Economics, Associate Professor, Kharkiv Educational and Scientific Institute of the Banking UniversityLecturer, the Finance, Banking and Insurance Department, Kharkiv Educational and Scientific Institute of the Banking UniversityTo prevent crises in the economy, it is necessary to ensure the financial stability of banks, which is one of the main tasks facing the banking system.The purpose of this article is to develop tools for improving the efficiency of financial stability management in a bank based on strategy maps.Using UkrSibbank (Ukraine) as an example, two strategy maps are developed: a general management map and a local map – for the international payments division of the operational payments department. Structural elements of the designed strategy maps are: finances, clients, internal processes, training and development.Implementing the developed general strategy map in the bank’s practical activities involves the following measures: increasing financial stability; avoiding credit risk and optimizing the credit process; increase in profit; cost reduction; introducing new banking products; increase in the number of satisfied consumers; involvement and retention strategic clients.The developed strategy map for the international payments division of the operational payments department provides for the following measures: ensuring sufficient liquidity level of the bank’s balance sheet; introducing an effective system of analysis of origin of individuals’ and legal entities’ funds; direct correlation between employees of the international payments division and bank customers; timely informing customers regarding requirements updated.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12667/BBS_2019_04_Samorodov.pdfcustomersfinancing strategyinternal processesinternational paymentsoperational calculationsUkrSibbank |
| spellingShingle | Borys Samorodov Galyna Azarenkova Olena Golovko Kateryna Oryekhova Maksym Babenko Financial stability management in banks: strategy maps Banks and Bank Systems customers financing strategy internal processes international payments operational calculations UkrSibbank |
| title | Financial stability management in banks: strategy maps |
| title_full | Financial stability management in banks: strategy maps |
| title_fullStr | Financial stability management in banks: strategy maps |
| title_full_unstemmed | Financial stability management in banks: strategy maps |
| title_short | Financial stability management in banks: strategy maps |
| title_sort | financial stability management in banks strategy maps |
| topic | customers financing strategy internal processes international payments operational calculations UkrSibbank |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12667/BBS_2019_04_Samorodov.pdf |
| work_keys_str_mv | AT boryssamorodov financialstabilitymanagementinbanksstrategymaps AT galynaazarenkova financialstabilitymanagementinbanksstrategymaps AT olenagolovko financialstabilitymanagementinbanksstrategymaps AT katerynaoryekhova financialstabilitymanagementinbanksstrategymaps AT maksymbabenko financialstabilitymanagementinbanksstrategymaps |