Abstract
Scientific-methodical approaches of identifying the main factors for attracting deposits in the Ukrainian banking system are presented in this paper. The author offers the following procedure: a comparative analysis of the long-term dynamics (2000–2017) of the placement of deposits in Ukrainian, Belarussian, and Polish banking systems as a result of socio-economic development trends in these countries; an estimation at the macroeconomic level of the factors influencing this process, using methods of principal components analysis and factors classification; and detection of regression-correlating dependencies between the grouping variable (deposit volume) and variables of analysis through the sample regression function identification for these countries. The theory that attraction of deposits to the Ukrainian banking system was turbulent due to both the insufficient development of other financial market institutions and the prudent behavior of national economy agents is substantiated. Activation of bank deposit activity was found to be connected with measures of demographic situational improvements, thus ensuring the economic freedom of business entities in a hybrid war with the Russian Federation.
Highlights
Scientific-methodical approaches of identifying the main factors for attracting deposits in the Ukrainian banking system are presented in this paper
These results demonstrate that the Ukrainian economy, under the influence of situational, accidental, and unpredictable events, creates “double” standards for the development of banking businesses, while attracting temporarily free funds in deposits, showing signs of variability and poor predictability
Identification and structuring of the main factors for attracting deposits to the banking system of Ukraine should be carried out with the help of the following scientific and methodological approaches: a comparative analysis of the long-term dynamics (1997– 2017) of deposits in the national banking system, taking into account existing trends in socio-economic development and the bank deposits market functions of Ukraine, Poland and Belarus (2000–2017); estimation of the factors influencing this process at the macroeconomic level on the basis of principal components method analysis and factors classification; and detection of regression-correlation dependencies between the explained variable and the explanatory variables through the construction of multiple regression models for these countries
Summary
Banking has been quite responsive to changes in the Ukrainian economy caused by the loss of economic ties as a result of hybrid war, globalization, inflation, devaluation of the hryvnia, stagnation of the real sector, and reforms in the tax system. This creates prerequisites for reducing confidence in the banking institutions themselves, which poses a threat to national economic security as a result of withdrawal of deposits from the banking system. Attracting funds from legal entities and individuals in the banking business is one of the sources of expansion of their resource base, which will ensure the stability of their activities
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