Вплив банківського кредитування на економічний розвиток України
Date
2014
Journal Title
Journal ISSN
Volume Title
Publisher
Український інститут розвитку фондового ринку
Abstract
The article focuses on the role of bank lending on the stimulating the economic
development of Ukraine. In the article were analyzed the dynamics of loans granted
to domestic enterprises by banks and established, that there are the formal performance
of the indicator of banking security; the sharp decline in bank lending in the first
post-crisis years; the structure of loans by economic entities is accounted for 80% of
short-term corporate lending (in 2007 - 2013 years long-term loans were on the
average 12 % of the bank loan portfolio, and in 2002 - 2006 years did not provided);
in 2008-2012 years for short-term financing of trade, repair of motor vehicles,
household goods and personal consumption and manufacturing industries was
accounted for over 50% of loans to entities
A high proportion of short-term loans in the bank loan portfolio, which is increased
from 41.1% to 51.9% in 2007-2013 years, indicate that the financial flows are
directed to service the trade and mediation activity, rather than investing in the
manufacturing sector. By an economic-mathematical modeling of the relationship
of GDP, deposits and bank loans the impact of the banking system on the national
economy is assessed. The model shows that the long-term lending has the greatest
impact on economic growth, which is impossible without a stable funding base.
The calculations showed that bank lending does not fulfill the role of an accelerator
of economic development in Ukraine and appears as a source of covering the temporary
needs for funds, and an intermediary of maintaining the shadow flows and is not
an effective tool to stimulating the economic growth.
We recommend some ways to solve the problems, which are described in the
article: to grant only secured loans and stimulate long-term deposits by using
regressive tax rate on interest income from deposits, depending on the term of
deposit; to grant loans to the real sector of the economy on a long term basis with
low interest rate; to monitor and coordinate the lending policy of commercial banks by the National Bank of Ukraine to stimulating the long-term lending in the real
economy. In the future it will encourage the expanded reproduction in investment
basis, which will help the economy to emerge from the crisis and to stimulate the
economic growth.
Description
Keywords
банківська система, кредитування, короткострокові кредити, довгострокові кредити, економічне зростання, banking system, bank lending, short term loans, long-term loans, indicator of banking security, economic growth
Citation
Сибірянська Ю. Вплив банківського кредитування на економічний розвиток України / Юлія Сибірянська, Євгенія Божко // Ринок цінних паперів України. – 2014. – № 3–4. – С. 51–60.