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Analyzing the Status and Improvement of Ukraine’s Banking Operations with Foreign Currency
Rakhman M. S., Sasonin D. A.

Rakhman, Mahbubur S., and Sasonin, Dmytro A. (2019) “Analyzing the Status and Improvement of Ukraine’s Banking Operations with Foreign Currency.” Business Inform 9:223–230.
https://doi.org/10.32983/2222-4459-2019-9-223-230

Section: Finance, Money Circulation and Credit

UDC 339.5/336.7

Abstract:
The article is aimed at researching the banking operations and interbank settlements in foreign currency; considering the impact of the new currency law; improving the implementation of foreign exchange banking in the sphere of foreign economic activity (FEA). The theoretical provisions on the essence of banking activities, classification and features of the implementation of banking operations in the sphere of FEA are generalized. A structural analysis of the indicators of volumes of the remittances from abroad to Ukraine for 2011 - the first quarter of 2019 is carried out in US dollars in dynamics; the ratio of remittances, the growth of foreign direct investment in Ukraine and their share in GDP are defined. A comparison of changes in the volumes of remittances to Ukraine in formal and informal ways is provided. Structural changes in remittances are considered by source (wage, transfers, etc.). Customer benefits in using the international payment systems are identified. The statistical indicators regarding the volumes of operations of the banks’ clients with non-cash foreign currency, the trading at the interbank foreign exchange market of Ukraine and the dynamics of the weighted average exchange rate of the US dollar to the hryvnia are analyzed. The structure of the main balance sheets (assets, gross loans and client funds) in foreign currency is analyzed, and a correlation analysis of the relationship between the indicators is done. A forecasting of the actual series of «Customer Funds» and «Money Transfers» until 2020 is accomplished. The strategic gaps of the forecast model are identified. The advantages and disadvantages of the new law «On currency and currency operations» are discussed. The results are summed up and ways to improve banking operations in the sphere of foreign economic activity are suggested.

Keywords: banking operation, remittances, foreign currency, interbank market, rate, forecast.

Fig.: 10. Bibl.: 11.

Rakhman Mahbubur S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Marketing, Management and Entrepreneurship, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Sasonin Dmytro A. – Masters Student, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)

List of references in article

Demchuk, N. I., Dovhal, O. V., and Vladyka, Yu. P. Bankivski operatsii [Banking operations]. Dnipro: Porohy, 2017.
Aliyeva, D. “Metody stimulirovaniya eksportnogo proizvodstva“ [Methods of stimulating export production]. http://www.az-customs.net/rus/arxnews/ob05-12-2003.htm
Cherep, A. V., and Androsova, O. F. Bankivski operatsii [Banking operations]. Kyiv: Kondor, 2007.
Dziubliuk, O. V., and Pruskyi, O. S. Orhanizatsiino-ekonomichnyi mekhanizm funktsionuvannia komertsiinykh bankiv na valiutnomu rynku [Organizational and economic mechanism of functioning of commercial banks in the foreign exchange market]. Ternopil: TNEU, 2008.
“Pererakhunok danykh shchodo pryvatnykh hroshovykh perekaziv v Ukrainu za 2015-2017 roky“ [Recalculation of data on private money transfers to Ukraine for 2015-2017]. Natsionalnyi bank Ukrainy. Kyiv, 2018. https://bank.gov.ua/doccatalog/document?id=66364144
“Hroshovi perekazy“ [Money transfers]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/doccatalog/document?id=19208355
“Promizhna finansova zvitnist“ [Interim financial statements]. Natsionalnyi bank Ukrainy. http://www.bank.gov.ua/control/uk/publish/category?cat_id=359492
“Ofitsiinyi kurs hryvni do inozemnykh valiut ta pokaznyky valiutnoho rynku Ukrainy“ [Official exchange rate of hryvnia to foreign currencies and indicators of the foreign exchange market of Ukraine]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/statistic/sector-external/data-sector-external#4
“Zghrupovani balansovi zalyshky“ [Grouped balance sheets]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/statistic/supervision-statist/data-supervision#1
[Legal Act of Ukraine] (2018). https://zakon.rada.gov.ua/laws/show/2473-19
[Legal Act of Ukraine] (2019). https://zakon.rada.gov.ua/laws/show/v0162500-18

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