NON-STRUCTURAL MODELS OF THE ASSESSMENT OF BANKING COMPETITION IN UKRAINE

Анотація

The article considers non-structural methods of assessing the level of the competition in the banking market of Ukraine, updates and improves them in accordance with the conditions of the banking market of Ukraine, and conducts current, dynamic, objective assessment of the level of banking competition. The modified Panzar-Rosse model (H-statistics) and the Lerner index were used to determine the impact of the processes of reforming the banking system of Ukraine on the level of banking competition. According to the results of the assessment of banking competition using the Lerner index, it is established that the banking system in Ukraine is characterized by monopolistic competition with the strengthening of market power of the state-owned banks. According to the results of the assessment of banking competition in Ukraine based on the values of the Lerner index for each of the groups of banks, the banks with the greatest impact on competition in the banking sector have been identified. Research (conducted using a modified Panzar-Rosse model according to the data of the general set of banks) confirmed the hypothesis that reforming the banking system not only improved its stability, but also improved banking competition. It is proved that it does not matter which variable to take for the construction of the Panzar-Rosse model -"operating income" or "interest income", -the models will be identical. The developed Panzar-Rosse model provides an inclusion of the indicators of stability of banks to the explanatory variables, as well as the usage of the net gross income as a productive variable, which is a better and more objective financial indicator of banks' performance and efficiency of competitive position management, coherent asset management and liabilities, income and expenses of banks. According to the results of the study, the ways to increase the level of competition in the banking sector of Ukraine are proposed.

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