Особливості інвестиційно-кредитного забезпечення розвитку регіонів в умовах війни

Abstract

During wartime, the economic development of the regions is influenced by risks, investment and credit activities turned out to be the most sensitive to threats. The decisive factor in the development of regions has become the security factor, that is, dependence on the spatial location of the region. In such circumstances, uncertainty about the future increases, which changes the behavior of economic actors and increases irrationality of the economy as such. The article is aimed at identifying the peculiarities and risks of investment and credit provision of the development of regions in wartime conditions. The study revealed the negative impact of the war: on the investment activity of business entities, the ability of businesses in regions that were not directly involved in the military conflict to recover quickly, which was reflected in the growth of loans, deposits of the corporate sector of the Western and Central regions; on public confidence in the banking system, which was manifested in the growth of bank deposits of the population. In the wartime circumstances, the role of the State in ensuring and stimulating credit and investment development of the regions increased, which was manifested in the rapid growth in all regions of loans issued under the government program «Affordable Loans 5-7-9», the introduction of loan repayment holidays to solve the problem of non-performing loans and others. A number of risks and challenges for the banking system during wartime is identified, among which are the following: because of the temporary occupation of the territory, the share of non-performing loans has sharply increased; investor’s conduct became more moderate, which was manifested in a sharp decline in investment loans; the need to ensure the availability of the bank in the digitalized space has increased; the requirements for ensuring a quick response to current events, the provision of new types of services, etc. have increased. It is concluded that the stability of the economic system depends primarily on what is done before the crisis, and not during crisis or thereafter.