Economy, finances, management: Topical issues of science and practical activity


Issue №: 11 (39)

Published: 2019.02.01

The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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VDOVENKO Larisa  –  Doctor of Economic Sciences,  associate professor of the 

Department of Finance, Banking and Insurance, Vinnytsia National Agrarian University 

(21008, Vinnytsia, 3, Soniachna Str.).


The article is devoted to the peculiarities of the credit policy of systemically important 

banks in Ukraine,  analysis of their loan portfolio and assessment of the effectiveness of its 

management. The estimation of volumes of their loan portfolio shows the tendency of its growth 

as well as the share of loan portfolio in assets. It was revealed that JSC Oschadbank and 

UkrGasBank specialize in lending to legal entities while Credit Bank PrivatBank is lending to 

individuals; there is a decrease in the profitability of the loan portfolio of the banks under study, 

but the most profitable is the loan portfolio of JSC Oshchadbank, the least profitable -  in the 

JSC CB Privatbank. Negative phenomenon in the banking system of Ukraine is the growth of 

problem loans, including the most toxic lending portfolios that are owned by the most 

systemically important banks (their share reaches 56.2%), among which only AT Bank 

"PrivatBank" accounts for 38% of all problem loans in country.

It is concluded that the credit policy of systemically important banks is carried out 

on the basis of significant state support that reduces the risks of disturbing their financial 

stability, as opposed to other banking institutions, and the potential access to state-aid in 

the form of pre-capitalization shows that they are competitors, first of all , to each other, 

and not to other banks. The role of  qualitative and effective credit policy of commercial 

banks in support of financial indicators of banking activity at the proper level, 

strengthening of their financial stability in an unstable environment in the banking sphere 

is substantiated. It has been established that ineffective credit portfolio management and 

the growth of problem loans lead to increased risks of credit operations. The ways of 

increasing the volume of lending and improving the quality of the loan portfolio of banking 

institutions are determined, among which increase of the size of regulatory capital of banks, 

improvement of the skills of banking personnel, on which the qualitative assessment of 

credit risk depends, formation of sufficient reserves to cover possible losses, compliance

with the norms of the National Bank of Ukraine, creation of new banking products and more 

favorable terms of lending compared to competitors. The prospects of further development 

of the banking system of Ukraine in the context of the strategy of reforming  state banks, 

which is based on support of financial stability, effective risk management, liquidity and 

capital, increase of access to the credits to the key sectors of the economy, access to credit 

services at an affordable price are considered.

Keywords: credit policy, credit mechanism, credit portfolio, banking system, credit portfolio, assets, profitability, loans, toxic loans.

List of references

1.  Korobova,  G. G. (2009).   Bankovskoye  delo  [Banking business].  M.:  Magistr  [ in   Ukrainian ].

2.  Diakonova, I.I. (2007).  Udoskonalenia kredytnykh vidnosyn  –  spozyvche 

kredytuvania:  [monografia] [Improvement of credit relations  -  consumer lending: 

[monograph]. Sumy: Universytetska knyga [in Ukrainian]. 

3.  Volkova,  H.I. (2015).  Model  otsiniuvania  ryzyku  kredytnoho  portfelia  banku

[Model  of  risk  assessment  of  a  loan  portfolio  of  a  bank].  Ekonomika  i  region  -  Economy

and region, 1(50), 11-17 [in Ukrainian].

4.  Kryklii,  O.A., &  Miroshnichenko,  O.V.  (2012).  Formuvania  kredytnoi  polityky

banku  [Formation of the bank's credit policy].  Visnyk  Universytetu  bankivskoi  spravy

Nacionalnogo banku  Ukrainy -  Bulletin of the University of Banking of the National Bank 

of Ukraine, 3(15),165-171 [in Ukrainian].

5.  Rejtyng «50 providnyh bankiv Ukrainy”  [Rating  "50 leading banks of 

Ukraine"].bankstrating.com.ua Retrieved from www. bankstrating.com.ua [in Ukrainian].

6. Kostiuk, Z.R. (2012).  Osoblyvosti  formuvania  kredytnoi  polityky  [Features of the 

formation of credit policy]. Naukovyi visnyk NLTU Ukrainy - Scientific herald of NLTU of 

Ukraine, 22.13, 198-203 [in Ukrainian].

7.  Finansova  zvitnist  AT  “Oshadbank” [Financial  statements  of  JSC


ukr%20ISA.pdf.  Retrieved from  https://www.oschadbank.ua/upload/  iblock/  d9f/  FS%

20SSBU% 202015%20separate%20ukr%20ISA.pdf  [in Ukrainian].

8.  Finansova zvitnist AT KB  “Pryvatbank”  [Financial statements of CB 

"Privatbank"].  static.privatbank.ua/files/year_zvit_05_05.pdf  Retrieved from:

https://static.privatbank.ua/files/year_zvit_05_05.pdf [in Ukrainian].

9. Finansova  zvitnist    АB  “Ukrgazbank”  [Financial statements of UkrGasBank].

ukrgasbank.com Retrieved from www.ukrgasbank.com [in Ukrainian].

10. Zvit pro finansovu stabilnist cherven 2017 [Financial Sustainability Report June 

2017].  bank.gov.ua/doccatalog/document?id=50604896  Retrieved from  https:// 

bank.gov.ua/doccatalog/document?id=50604896 [in Ukrainian].

All journal issues

About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "