{"id":14163,"date":"2020-09-20T10:00:28","date_gmt":"2020-09-20T07:00:28","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=14163"},"modified":"2020-09-20T14:42:35","modified_gmt":"2020-09-20T11:42:35","slug":"role-of-credit-in-the","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/role-of-credit-in-the\/","title":{"rendered":"Zahynailo Y., Doroshenko O. Role of Credit in the Development of Ukraines Economy"},"content":{"rendered":"

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JEL Classification<\/strong>: E<\/em>51<\/em>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V22(2020)-03<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Zahynailo Yuliia<\/strong>, student, V. N. Karazin Kharkiv National University, Kharkiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-4619-1012<\/a>
\ne-mail:<\/strong> yulia175976@gmail.com<\/a><\/p>\n

Doroshenko Oleksandr<\/strong>, PhD, \u0410ssociate \u0420rofessor, V. N. Karazin Kharkiv National University, Kharkiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-7786-198x<\/a><\/p>\n

 <\/p>\n

Role of Credit in the Development of Ukraines Economy<\/h2>\n

 <\/p>\n

Annotation. Introduction<\/strong>. It is known that credit is a significant achievement of mankind. The emergence and development of credit took place on the basis of the money function as a means of circulation. The development of commodity production and the need for increased working capital are the economic reasons for the credit need.<\/p>\n

Purpose<\/strong> .The aim of the article is to determine the role of bank credit in the economy of Ukraine and analysis of key indicators of credit activity.<\/p>\n

Results.<\/strong> The dynamics of loans to residents by sectors of the economy and the types of currencies and maturities for loans were studied. Loans issued by types of economic activity were analyzed. The current enterprise lending programs in 2020, initiated by the Government of Ukraine was considered. The main directions for improving bank lending were identified.<\/p>\n

Conclusions.<\/strong> Following conclusions are based on the analysis of the current state of bank lending in Ukraine:
\n\u2013\u00a0the maximum value of loans in 2018 amounting to 1,073,131 million, and the lowest in 2012 – 815,142 million;
\n\u2013\u00a0according to the sectors of the economy, the largest share of lending is lending to non-financial corporations (70-80% depending on the year);
\n\u2013\u00a0over the period of lending in local currency dominated loans in foreign exception is 2015;
\n\u2013\u00a0 the structure of loans according to maturity prevails in local currency short-term loans and foreign currency structure of loans according to maturity – homogeneous;
\n\u2013\u00a0The Cabinet of the Ministry of Ukraine introduced two programs to support small and medium-sized businesses in the country: \u00abAvailable loans 5-7-9%\u00bb and the program \u00abNew Money\u00bb;
\nFor the development of bank lending and the establishment of financial stability in Ukraine should: conduct active banks to attract customers to the government lending programs, in turn, a borrower for the loan according to the program, to properly open the financial statements and maintain business activity at a high level for real bank assessment of the borrower’s creditworthiness.<\/p>\n

Keywords<\/strong>: credit; bank lending; corporate lending; lending program; capital.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Anufrijeva, O. L., Paljchevsjka, T. Gh. & Laghocjka, Gh. M. (2014). Pidpryjemnycjka dijaljnistj<\/em>. Ivano-Frankivsk : Lily-NV [in Ukrainian].<\/li>\n
  2. Vovchak, O. D., Rushhyshyn, N. M. & Andrejkiv, T. Ja. (2008). Kredyt i bankivsjka sprava<\/em>. Kiev [in Ukrainian].<\/li>\n
  3. Poljak, N. P (2016). Kredytni instrumenty rozvytku realjnoji ekonomiky v Ukrajini<\/em>. Kiev [in Ukrainian].<\/li>\n
  4. National Bank of Ukraine (2020). Retrieved from https:\/\/old.bank.gov.ua\/control\/uk\/publish\/printable_article? art_id=7987504&showTitle=true [in Ukrainian].<\/li>\n
  5. Ministry of Finance of Ukraine (2020). Retrieved from https:\/\/index.minfin.com.ua\/ua\/exchange\/archive\/ [in Ukrainian].<\/li>\n
  6. National Bank of Ukraine (2020). Retrieved from bank.gov.ua \u203a files \u203a 3.3-Loans.xls [in Ukrainian].<\/li>\n
  7. European business association (2020). Retrieved from https:\/\/eba.com.ua [in Ukrainian].<\/li>\n
  8. Union of Ukrainian Entrepreneurs (2020). Retrieved from https:\/\/sup.org.ua\/uk [in Ukrainian].<\/li>\n
  9. Portal for Entrepreneurs (2020). Retrieved from https:\/\/sme.gov.ua\/579start\/ [in Ukrainian].<\/li>\n
  10. Ministry of Finance of Ukraine (2020). Retrieved from https:\/\/minfin.com.ua\/2020\/06\/17\/47306498\/ [in Ukrainian].<\/li>\n
  11. State program 5 7 9 (2020). Program \u00abAvailable loans 5-7-9%\u00bb Retrieved from https:\/\/5-7-9.gov.ua<\/li>\n
  12. Economic truth (2020). 5, 7, 9 barriers to business lending. Retrieved from https:\/\/www.epravda.com.ua\/columns\/ 2020\/06\/18\/661911\/<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 08 July 2020<\/p>\n

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    Zahynailo Y., Doroshenko O. (2020). Role of Credit in the Development of Ukraine’s Economy . Modern Economics<\/em>, 22(2020), 18-23. DOI: https:\/\/doi.org\/10.31521\/modecon.V22(2020)-03.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: E51 DOI: https:\/\/doi.org\/10.31521\/modecon.V22(2020)-03 [\/vc_column_text][vc_column_text]Zahynailo Yuliia, student, V. N. Karazin Kharkiv National University, Kharkiv, Ukraine ORCID ID: 0000-0002-4619-1012 e-mail: yulia175976@gmail.com Doroshenko Oleksandr, PhD, \u0410ssociate \u0420rofessor, V. N. Karazin Kharkiv National University, Kharkiv, Ukraine ORCID ID: 0000-0002-7786-198x   Role of Credit in the Development of Ukraines Economy   Annotation. Introduction. It is known that
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