The impact of the war on banking in Ukraine
DOI:
https://doi.org/10.24136/ceref.2023.009Keywords:
Russian-Ukrainian war, martial law, banking, National Bank of UkraineAbstract
The article is devoted to the study of the operation of the banking system of Ukraine during the war period. The key indicators of the banking sector have been analyzed, in particular, the number of banking institutions and the dynamics of assets and liabilities. The key financial results of the banking sector, namely net profit and loss, return on assets and capital have been analyzed. It is revealed that maintenance of operational efficiency and effective measures taken by the National Bank of Ukraine allowed the banking sector to adapt to the crisis conditions and make a profit under martial law.
Downloads
References
Basic principles of monetary policy during martial law. Available at: https://bank.gov.ua/ua/news/all/osnovni-zasadi-groshovo-kreditnoyi-politiki-na-period-voyennogo-stanu
Batten J.A., Boubaker S., Kinateder H., Choudhury T., Wagner N.F. (2023). Volatility impacts on global banks: Insights from the GFC, COVID-19, and the Russia-Ukraine war. Journal of Economic Behavior & Organization. Vol. 215. https://doi.org/10.1016/j.jebo.2023.09.016
Chaikovskyi Ya., Chaikovska I., Chaikovskyi Ye. (2022). Efficiency of the activities of the banking institutions in Ukraine. Financial space. Vol. 3 (72), pp. 127 - 140. DOI: 10.35774/sf2022.03.127
Deng Y., Li S. (2023). Do global and local economic policy uncertainties matter for systemic risk in the international banking system? Finance Research Letters. Vol. 59. https://doi.org/10.1016/j.frl.2023.104752
Druhov, O., & Druhova, V. (2022). Banking system in Ukraine 2022: before and in the wartime. Bezpieczny Bank, 86(1), 33-48. DOI: 10.26354/bb.2.1.86.2022
Guénette J.D., Kenworthy Ph., Wheeler C. (2022). Implications of the War in Ukraine for the Global Economy. Equitable growth, finance and institutions policy note. 32 p.
Khoma I., Papirnyk S. (2022). Influence of foreigh capital on the stability of the banking system of Ukraine, Economy and society, nr 43, DOI: https://doi.org/10.32782/2524-0072/2022-43-10
Kovalenko V. (2022). Financial security of banks in martial law. Financial space. Vol. 4 (48), pp. 81 - 93. https://doi.org/10.18371/fp.4(44).2022.819394
Nakonechna A. (2023). Control over the stability of banking activity during war in Ukraine. Scientific bulletin of the Uzhhorod National University, vol. 79, pp. 80 - 89. https://doi.org/10.24144/2307-3322.2023.78.2.13
On the work of the banking system during the introduction of martial law: Resolution of the Board of the National Bank of Ukraine of February 24, 2022 No. 18. Available at: https://bank.gov.ua/ua/legislation/ Resolution_24022022_18
Pravdykovska I.I. Doroshenko N.O. (2022). The influence of war on the banking system of Ukraine. Young Scientist, vol. 9 (109), pp. 150 - 154.
Prokopenko, N., Myronchuk, V., & Shepel, I. (2022). Principles of functioning of the banking system of Ukraine in the conditions of war. Economy and society, (41). https://doi.org/10.32782/2524-0072/2022-41-33
Rats O. (2023). Study of the efficiency of the functioning of the banking institutions of Ukraine under the conditions of the marital state. Economy and society, (47). https://doi.org/10.32782/2524-0072/2023-47-67
Regarding servicing of consumer loans: letter of the National Bank of Ukraine dated April 14, 2022 No. 21. Available at: https://document.vobu.ua/doc/11315
Shkolnyk, I., Frolov, S., Orlov, V., Datsenko, V., & Kozmenko, Y. (2022). The impact of financial digitalization on ensuring the economic security of a country at war: new measurement vectors. Investment Management and Financial Innovations, 19(3), 119- 138. DOI: 10.21511/imfi.19(3).2022.11
Sytnyk N., Pritsak Ya. (2023). Banking system of Ukraine in war condition: risks and security assessment. Young Scientist, vol. 6 (118), pp. 94 - 101. https://doi.org/10.32839/2304-5809/2023-6-118-19
Taera E.G., Setiawan B., Saleem A., Wahyuni A.S., Chang D. K.S., Nathan R.J., Lakner Z. (2023) The impact of Covid-19 and Russia-Ukraine war on the financial asset volatility: Evidence from equity, cryptocurrency and alternative assets. Journal of Open Innovation: Technology, Market, and Complexity. Vol. 9. https://doi.org/10.1016/j.joitmc.2023.100116
The main indicators of the activity of banks in Ukraine. National Bank of Ukraine Available at: https://bank.gov.ua
The official site of the Ministry of Finance of Ukraine. Available at: https://www.mof.gov.ua
Tymoshyk N., Krylova O., Myroshnychenko I., Kyrychenko K., Myronchuk V. (2023). Dilemmas and ways of solving the functioning of the banking system of Ukraine in the conditions of martial law. Financial and credit activities: problems of theory and practice. Vol. 5 (46), pp. 40 - 53. https://doi.org/10.55643/fcaptp.5.46.2022.3905
Zabchuk H. & Ivashchuk O. (2022). Risks of the banking system of Ukraine under the condition of martial state. The Institute of Accounting, Control and Analysis in the Globalization Circumstances. Issue 1 - 2, pp. 50 - 61. https://doi.org/10.35774/ibo2022.01-02.050
Zhou H., Lu X. (2023). Investor attention on the Russia-Ukraine conflict and stock market volatility: evidence from China. Financial Research Letter, 52, https://doi.org/10.1016/j.frl.2022.103526
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
