Developing the Theory of International Banking Competition

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The paper is devoted to the basic aspects of the international competition of national banks under the current conditions, considering its systemic component. The main conditions ensuring the competitiveness of banks in the world financial market have been determined. Design/Methodology/Approach: Historical and logistic analysis and system research are based on system theory and the studies of foreign and Russian scholars devoted to the theory and practice of banking in the global financial market. System research covers the banking sector and its constituents. The features ensuring the bank competitiveness in international activity in the existing international legal area and the impact of the totality of political and economic interstate relations on it have been determined. Findings: It has been determined that the basic conditions for ensuring the bank competitiveness in the global financial market are not their features but the opportunities of the banking system they are related to. The latter, in turn, is determined by the state economy as a whole and its political weight in international relations. Practical Implications: The study conclusions and generalizations can be practiced when elaborating appropriate competitive strategies for developing national commercial banks, aimed at implementing international expansion projects and improving the state's foreign economic policy. Originality Value: A technique for the systemic studying the competitiveness of banks as elements of higher-level systems has been developed and tested, which ensures interconnecting existing banking competition practices with the ongoing global economic transformations.