Modeling financial behavior of banks in Ukraine in crisis periods
DOI:
https://doi.org/10.15587/2312-8372.2015.38833Keywords:
bank, financial strategy, influencing factors, clusters of banks, competitive strategy, regulation of banksAbstract
The article examines the performance of banks and on the basis of multifactor analysis the clustering of banks is done, which allowed us to identify the common model of the financial strategies implementation to institutions of one group during 2009-2013.
It is found that in the nearest future the banking system of Ukraine expects the transformation processes to get to a qualitatively new level of development. In accomplishing this objective, the National Bank of Ukraine as the regulator has an important role, as well as appropriate market mechanisms of maintaining the level of competition in the banking system.
As a result of the analysis of five latent factors affecting financial behaviors banking institutions on the market are obtained, giving the ability to combine these criteria into three groups.: f1 – the amount of accumulated resources; f2 – multiplier of the capital; f3 – the losses of banking business; f4 – currency risk; f5 – deposit floor credit transactions.
The results of multifactor analysis allow us to detect trends in the banking market in the crisis years, which confirms the theory of Michael Porter’s competitive advantage. Each bank will probably be in a cluster and will reach its characteristics.
The research results add the information-analytical support for decision making about the possibility of mergers and acquisitions, re-engineering banking business processes, the involvement of financial assistance or participation of the state.
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