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SECURITY OF THE BANKING SYSTEM IN THE CONTEXT OF THE FINANCIAL AND ECONOMIC SECURITY OF THE STATE

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.2, No. 73)

Publication Date:

Authors : ;

Page : 136-140

Keywords : banking system; security; financial and economic security; profitability; bank;

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Abstract

The article examines the essence and features of the security of the banking system in the context of the financial and economic security of the state. Security in the banking sector of the economy can be characterized as a system of mechanisms and tools with the help of which the state, through the national bank, acts as a regulator. It has been established that the security of the banking system is a key component of the financial and economic security of the state. It was determined that the security of the banking system in the narrow sense is the process of the bank performing transformational and intermediary functions, which shows the effectiveness of eliminating threats and eliminating losses on all sides of the banking system. For a more detailed understanding of the state of the banking system of the state, the change in the dynamics of the number of banks in Ukraine during 2018–2022 was analyzed, during the studied period, the number of banks decreased by 13.41%. An analysis of the profitability of assets and capital of Ukrainian banks was carried out. It has been proven that the key goal of achieving the security of the banking system is to ensure its stable functioning for the formation of the financial and economic security of the state. It was established that the main goal of maintaining financial stability and ensuring the economic security of the domestic banking system is the implementation of international banking standards. At the same time, one of the most important stages is the stage of strategic planning, which determines the development strategy of banks, as well as the main operational threats and expected risks, which will be taken into account when developing a strategy for the security of the banking system in the context of the financial and economic security of the state.

Last modified: 2023-07-20 22:56:12