Analysis of credit cooperation in the current economic space
DOI:
https://doi.org/10.15587/2312-8372.2016.81482Keywords:
cooperation, credit, credit union, commercial bank, financial institution, cooperative bank, financial supportAbstract
A study of possible development directions of credit cooperatives in the current challenges of economic space is conducted for effective formation.
Modern credit cooperatives are the two most common types: cooperative banks (mostly in Europe) and credit unions (in most parts of the world) and are credit cooperative sector of the economies of many countries.
Braking factors for development of credit cooperative are: imperfection of legislation; lack of real financial support from the state; improper control of credit unions; unprofessional administrative bodies on audits of unions and, in some cases, outright cover-up of illegal activities; formation of negative public opinion in the media; encouraging of borrowers do not repay credits; unwillingness of managers of a number of credit unions to implement the basic principles of cooperative credit activity and growth of inconformity of credit union activities with the principles of cooperation.
The proposed model for developing three-level cooperative credit system in Ukraine provides phased expansion of the market mandate for credit unions in corporate lending and the provision of financial services, creation of credit cooperatives, central and local cooperative banks and other elements of the system that are addressing the whole spectrum of problems, in particular the system of guarantees and deposit insurance system to support the financial stability of credit unions, credit bureaus, centers of information technology, service infrastructure that would ensure minimizing risk and entry of credit unions in payment systems, educational infrastructure and so on.
References
- In: Olenchyk, A. Ya. (2005). Kredytni spilky v Ukraini: osnovni zasady diialnosti. Kyiv: UIRFR, 652.
- Slavova, N. O. (2007). Kredytni spilky: poniattia, klasyfikatsiia, zahalna kharakterystyka. Visnyk hospodarskoho sudochynstva, 5, 147–150.
- Tereshchenko, H. M. (2009). Perspektyvy rozvytku kredytnykh spilok v Ukraini. Finansy Ukrainy, 5, 87–94.
- Antsiferov, A. N. (1922). Kooperativnii kredit i kooperativnye banki. Praga, 115.
- In: Palii, V. M. (2004). Kredytni spilky na suchasnomu etapi stanovyshcha ta rozvytku. Kyiv, 193.
- Martos, B. (1923). Teoriia kooperatsii. Podiebrady: Vydavnyche Tovarystvo pry Ukrainskii Hospodarskii akademii v Ch.S.R., 246.
- Nehrebetska, L. A. (1999). Kredytni spilky yak orhanizatsii finansovoi vzaiemodopomohy. Rehionalna ekonomika, 2, 121–126.
- Pashko, I. (12.08.2015). Nuzhno trebovaniia k kreditnym soiuzam privodit' primerno do bankovskogo urovnia. Informatsiinyi portal «Pro kredytni spilky: ofitsiino ta trishky bilshe…» (UkrKS.Info). Available: http://ukrks.info/statenews/yhor-pashko-nuzhno-trebovanyya-k-kredytnyim-soyuzam-pryvodyt-prymerno-do-bankovskoho-urovnya.html
- Dadashev, B. A., Hrytsenko, O. I. (2011). Kredytni spilky v Ukraini. Sumy: Ukrainian Academy of Banking of the National Bank of Ukraine, 196.
- Honcharenko, V. V. (1998). Kredytna kooperatsiia: Formy ekonomichnoi samodopomohy silskoho i miskoho naselennia u sviti ta v Ukraini (teoriia, metodolohiia, praktyka). Kyiv: Hlobus, 153.
- Kozynets, P. (2011). Kredytna kooperatsiia: chy potribna vona sohodni Ukraini? Dopovid prezydenta NAKSU na Druhykh vseukrainskykh hromadskykh slukhanniakh «Ukraina naperedodni vsesvitnoho roku kooperatyviv». Kyiv. Available: http://www.coop-union.org.ua/wp-content/uploads/DopovidSluhannya_Kozinetc.pdf
- Shyshuta, O. Yu. (2001). Stanovlennia silskoi kredytnoi kooperatsii v Ukraini v konteksti istorychnoho dosvidu. Ekonomika. Finansy. Pravo, 9, 9–12.
- Borodaievskyi, S. V. (1925). Teoriia i praktyka kooperatyvnoho kredytu. Podiebrady: Vydavnyche Tovarystvo pry Ukrainskii Hospodarskii akademii v Ch.S.R., 380.
- Slaviuk, R. A. (2000). Kooperatyvni kredytni ustanovy u finansovomu zabezpechenni rozvytku ahrarnoho biznesu. Finansy Ukrainy, 2, 96–103.
- Pro zatverdzhennia Metodychnykh rekomendatsii shchodo zdiisnennia diialnosti kredytnoiu spilkoiu cherez vidokremleni pidrozdily. Order of the State Commission for Regulation of Financial Services Markets of Ukraine from 30.12.2005 № 5237. Available: http://ua-info.biz/legal/baseht/ua-dmpqzr.htm
- Pro skhvalennia Kontseptsii rozvytku systemy kredytnoi kooperatsii. Order of the Cabinet of Ministers of Ukraine from 07.06.2006 № 321-р. Available: http://zakon5.rada.gov.ua/laws/show/321-2006-%D1%80
- Pro kredytni spilky. Law of Ukraine from 20.12.2001 № 2908-III. Available: http://zakon0.rada.gov.ua/laws/show/2908-14
- National Association of Credit Unions of Ukraine. Available: http://www.unascu.org.ua/
- Pro zatverdzhennia Polozhennia pro reiestratsiiu kredytnykh spilok. Order of the State Commission for Regulation of Financial Services Markets of Ukraine from 11.11.2003 № 115. Available: http://zakon5.rada.gov.ua/laws/show/z1085-03
- Richni zvity pro diialnist Natsionalnoi komisii, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh, za 2012-2014 roky. State Commission for Regulation of Financial Services Markets of Ukraine. Available: http://nfp.gov.ua/content/rzviti-nackomfinposlug.html
- Rudaia, M. I. (2012). Osnovni zasady optymizatsii derzhavnoho rehuliuvannia diialnosti kredytnykh spilok. Zbirnyk naukovykh prats Natsionalnoho universytetu derzhavnoi podatkovoi sluzhby Ukrainy, 2, 205–215.
- Ohliad rynkiv finansovykh posluh ta pidsumky diialnosti nebankivskykh finansovykh ustanov, derzhavne rehuliuvannia ta nahliad za diialnistiu yakykh zdiisniuietsia Derzhkfinposluh, za 2015 rik. State Commission for Regulation of Financial Services Markets of Ukraine. Available: http://nfp.gov.ua/
- Richni zvity Derzhavnoi komisii z rehuliuvannia rynkiv finansovykh posluh za 2003-2010 roky. State Commission for Regulation of Financial Services Markets of Ukraine. Available: http://nfp.gov.ua/content/rzviti-nackomfinposlug.html
- Biliachenko, O. L., Zdrenyk, V. S. (2015). Osoblyvosti kontroliu dokhodiv kredytnykh spilok v Ukraini. Finansovyi prostir, 2 (18), 153–159.
- Pro Natsionalnu komisiiu, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh. Decree of the President of Ukraine from 23.11.2011 № 1070/2011. Available: http://zakon5.rada.gov.ua/laws/show/1070/2011
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2016 Olena Dobrovol’ska
This work is licensed under a Creative Commons Attribution 4.0 International License.
The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.