The research of investment capacity of non-banking financial institutions of Ukraine during financial and economic crisis

Nieizviestna, Оlena and Нєізвєстна, Олена Володимирівна and Неизвестная, Елена Владимировна and Slobodyanyuk, Natalja and Слободянюк, Наталя Олександрівна and Слободянюк, Наталья Александровна and Voloshyna, Svitlana and Волошина, Світлана Василівна and Волошина, Светлана Васильевна and Gudz, Iurii and Ґудзь, Юрій Федорович and Гудзь, Юрий Федорович (2019) The research of investment capacity of non-banking financial institutions of Ukraine during financial and economic crisis. Фінансово-кредитна діяльність: проблеми теорії та практики (3). pp. 379-390. ISSN 2306-4994

Preview

Text Nieizviestna_article_10_09_2019.pdf Download (490kB) | Preview

Abstract

The article is devoted to the research of the investment capacity of non-banking financial institutions of Ukraine during the financial and economic crises. The authors emphasize that the demand for the additional resources is especially intensified during the technical re-equipment of the economy, which requires the powerful investments, which, in turn, produces the need for a detailed study of the role of non-banking financial and credit institutions in ensuring the continued financing of the sectors of the economy, the production process, the economically active agents. The main indicators of the development of the non-banking financial sector such as the number of non-banking financial institutions (insurance companies, leasing companies, financial companies, credit unions and pawnshops), the volumes of their operations, the financial results of their activity within the period of 2006 - 2016, have been analyzed. There have been outlined the factors that weakened the functional capacity of the non-banking financial institutions as to the transformations of savings in investments. The calculations of the certain indicators and indices for the development of the non-banking financial sector of Ukraine within the period of 2008-2016 which demonstrate the existence of the definite problems in the activities of the non-banking financial institutions, namely, the index of the economy monetization, the ratio of assets of the non-banking financial institutions sector to the country's GDP, the share of stocks and bonds in the assets of the non-banking financial institutions, the share of deposits and cash in the assets of the non-banking financial institutions, etc. It is emphasized that despite the existing problems, the non-banking financial institutions have the sufficient potential for the expansion of the investment activity under conditions of their concentration and the increase of the assets, due to the peculiarities of functioning. Although there is a high level of the competition from the banking institutions, the non-banking financial institutions have the significant advantages, as their feature is small-scale lending. That is the reason because of which they can strengthen their competitive position in the future.

Actions (login required)

View Item