banking

Institutional Bases of the Current Sales of Banking Products

The article describes the perspectives and problems of individual banking products and products for the large number of clients. Basically the proposed study offers a new look of selling banking products, includes a perspective from the client to the bank’s offer.

Modern Condition and Prospects of Development of Remote Service in the Banking Industry

Introduction. The purpose of this article is to assess and identify prospects for the development of remote services in the banking industry, using the criteria for evaluating banking activities. Theoretical analysis. In the process of analyzing the remote banking services’ level of development, methods of logical and statistical analysis were used. Using these methods, the authors rank the activities of commercial banks. Empirical analysis. For a more detailed analysis of the bank’s activities, criteria for evaluating remote services are needed, which reflect all aspects of its work. The logic of its application is reflected in the developed algorithm for applying the mechanism for assessing quantitative and qualitative indicators of the bank. In the context of global digital transformation, the transition to Internet technology, one cannot but consider the level of remote servicing of the banking industry. An analysis of existing methods for assessing the banking sector revealed the problem of the lack of indicators to identify the level of distance services, their quality and quantity. Taking the existing methods as a basis, and eliminating the common disadvantages, the author created a number of factors with which you can evaluate the distance services of commercial banks. Results. Based on the results obtained, a methodology was developed to assess the effectiveness of the remote banking services’ level by qualitative and quantitative indicators. The quality indicators include convenience, accessibility, profitability, diversity and productivity of electronic services. The quantitative indicators include the number of customers of remote banking services, the number of self-service devices and the turnover of funds from the provided remote services. The methodology also takes into account the environmental analysis of the bank and the assessment of remote systems. 

Russia’s Internal Debt Market Development: Formation Factors, Prospects of Change

Introduction. The article is devoted to the Russian Federation’s internal debt formation factors analysis, to the development prospects of internal borrowings market. The urgency of the issue related to the internal debt of our country is in the difficult geopolitical situation that has developed around Russia. Due to political tension, our country was partially limited from external sources of funding. Under these conditions, the most urgent now is the question of the Russian Federation’s internal debt, its current state and the prospects for its further increase. Theoretical analysis. The article analyzes three main factors of increasing the volume of domestic borrowing, namely: the president’s “May decrees”, low efficiency of their implementation and sanctions imposed by the US and the EU, which restrict access to external resources. Empirical analysis. An analysis was made concerning the prospects for government bonds demand, as the main instrument of government borrowing at the domestic market, among the largest holders of government bonds: banks and non-residents. Results. In the course of studying the causes of increasing domestic debt, the problem of limited demand for government bonds was revealed. At the end of the article, measures were proposed to remedy this situation.

Credit Market: the Problems, Contradictions and Potential for Growth

Introduction. In the present state of the domestic economy, where there is a stable manifestation of stagflation processes will inevitably have to deal with problems in the field of credit and the banking system. At the same time it is the real situation in those areas of financial activity depend largely on the prospects and potential for economic growth. Therefore, the study of the conditions in which this activity takes place, and the search for reserves to strengthen the positions of banks in the market today are the urgent tasks. Theoretical analysis. Evidence suggests that the pace of development of the microfinance sector lending rates significantly higher than those characterizing our banking system that is actually in a state of decline. Despite the leading position of this sector, there is the intersection of the activities of microfinance institutions and banks in consumer lending, which determines the need to examine product offerings of these organizations in the field of microcredit. Results. The study revealed the existence of the competitive advantages of the banking system in mikropotrebkreditovaniya and available as a result of this potential increase in the volume of lending by the banking sector, which in the implementation of these advantages in practice will improve forecasts and prospects for its development. Conclusions. The list of measures for elimination of the banking system of stagnant and the pre-crisis status must include measures to educate potential borrowers about the competitive advantages of banking products, which should lead to an increase in the influx of customers for loans to banks, and thus to improve the financial condition of the latter, subject to competent credit policy.