ОЦІНКА БАНКІВСЬКОГО СЕКТОРУ УКРАЇНИ

Abstract

The article examines the banking sector of Ukraine, which is an important part of the financial system of any country, and its stability, stability and efficiency – one of the conditions for sustainable economic development. In modern conditions for the development of the national economy, the main task of the banking sector of Ukraine can be attributed to the effective redistribution of available financial resources among all economic entities (government, businesses and households). Due to the concentration of financial resources and directing them in the form of credit flows to priority sectors of the economy, banks play a very important role in the economic development of the state. In general, about 90% of all available financial services are provided through the banking sector of Ukraine. Today, the banking sector of Ukraine faces significant challenges, it is in a situation of deteriorating functioning. This is due to the effects of the international financial crisis, due to the COVID-19 pandemic, Russia's military invasion of Ukraine and, in this regard, reduced production, a significant increase in both public and private spending, reduced consumer purchasing power, reduced entrepreneurial activity, suspension of investment. This, in turn, poses a number of challenges for the banking sector of Ukraine to create sources of financial resources for effective investment in the state economy and ensure efficiency in the implementation of economic processes of reproduction at the level of economic entities. In addition, Ukraine's banking sector is key to ensuring long-term growth and increasing the competitiveness of the national economy. This can be achieved through the effective redistribution of available, temporarily free, financial resources of both households and state-supported businesses. All this confirms the relevance of the study of the current state of the banking sector of Ukraine, assessing trends in its development and impact on the stability of the national economy in crisis. Assessment of the level of the banking sector in Ukraine shows that by the beginning of 2022 a strong enough base has been formed in the country to withstand modern economic challenges (COVID-19 pandemic, Russia's military invasion of Ukraine, global financial and food crisis).