TRANSPARENCY OF BANKING ACTIVITY IN UKRAINE

The methodological approach for evaluating transparency of banking activity in Ukraine was researched in the article. According to purposes of research, information about banks activity was structured on six different components. For investigation, data from statements and websites of the largest Ukrainian banks was used. The dependence of the financial sustainability of banks and their transparency were analyzed; as a result, it was proved that information transparency is not the only factor that affects banks' financial sustainability. The low level of transparency of banking activity increases the risks of information asymmetry that leads to a decrease of trust to banks. This confirms the need for developing action for aligning transparency standards of domestic banks to the practice of international banking.