CURRENT TRENDS IN THE DEVELOPMENT OF THE BANKING SYSTEM OF UKRAINE

Анотація

Abstract. The article examines the peculiarities of the banking system of Ukraine and analyzes foreign experience in this area. The results of the study show that the domestic banking system is less capitalized compared to developed countries and has a smaller reserve of liquidity. It was determined that by using advanced global trends in monetary policy and the implementation of banking activity, it is possible to improve its condition. A study of the state of the banking system of Ukraine in modern conditions was conducted and its key trends were identified. We note the decrease in the number of banks and the decrease in their profitability with the introduction of martial law due to the increase in risks and the deterioration of the socio-economic situation of the country. However, in general, the banking system has withstood the serious challenges of the modern stage: banks operate and lend while maintaining liquidity. It is justified that in today's conditions, an important task is to support the activities of banking institutions. In order to ensure the smooth operation of banks and the electronic payment system, the NBU took timely steps that allowed this period to pass with moderate losses for the financial sector. Thus, the NBU reduced the requirements for the formation of reserves and refinanced banks in order to increase the liquidity of the banking system of Ukraine. The government's interest expense compensation programs also have a positive impact on credit recovery and the state of the banking system. The article formulates the key problems of the banking system of Ukraine and defines the ways of its development, the use of which will contribute to the optimization of its activity and the development of the financial system as a whole.

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