БАНКІВСЬКА СИСТЕМА УКРАЇНИ І ЗАБЕЗПЕЧЕННЯ ЇЇ СТІЙКОСТІ В УМОВАХ СУЧАСНОГО РОЗВИТКУ

Abstract

The article considers the development of the banking system of Ukraine and the influence of those factors that affect their condition and functional role in the process of social production. It is established that the stability of the domestic banking system is determined primarily by its ability to respond quickly and effectively to the challenges that arise in the process of organizing production. Special attention is paid to the problems associated with the globalization of world economic relations, and hence the growing dependence of commercial banks on changes in the movement of world financial capital, which is constantly looking for the most attractive, in terms of profitability, areas of application. It was found that the effectiveness of the banking system of Ukraine largely depends on the actions of the government in the direction of implementing its economic strategy. In this regard, the close connection between the development of the real sector of the economy and the banking system is considered. The positive and negative consequences of the institutional actions of the state carried out in the direction of taking into account the factors related to the fact of the pandemic and the corresponding crisis phenomena in the economy are revealed. The main directions of overcoming the threatening level of the state budget deficit of Ukraine in 2020–2021 are analyzed. The actions of the National Bank and the state government in the search of additional sources to cover this deficit and ensure a way out of the economic crisis in which our state found itself are considered. Significant attention in the article is paid to such an important source of covering the budget deficit as external borrowing. In this aspect, the organization of a powerful issue of domestic government bonds was considered, the purchase of which was actively joined by both domestic banks and non-residents. The probable consequences of this process in terms of ensuring the stability of the banking system have been identified. The need to develop and implement measures that can enhance the effectiveness of the functional role of the banking system, and thus contribute to the economic growth of our country. Based on the analysis of the current state of the banking system of Ukraine, the main problems of its development are revealed. A close connection between the development of the real sector of the economy and the banking system has been revealed. The positive and negative consequences of the institutional actions of the state carried out in the direction of taking into account the factors related to the fact of the pandemic and the corresponding crisis phenomena in the economy are revealed. The need to develop and implement measures that can enhance the effectiveness of the functional role of the banking system, and thus contribute to the economic growth of our country.