OPTIMIZATION OF THE BANKING NETWORK AS A WAY TO INCREASE THE EFFECTIVENESS OF ACTIVITIES OF COMMERCIAL BANK

Author(s): Kokin Alexander Semenovich, Odinokov Vladimir Alexandrovich, Susekova Tatiana Alekseevna

Rubric: Economy

DOI: 10.21777/2587-554X-2018-2-33-41

Release: 2018-2 (25)

Pages: 33-41

Keywords: commercial bank, financial condition, online-banking, accounting branch, digitalization

Annotation: Improving competitiveness and ensuring the economic development of the Russian Federation involves solving the problem of effective redistribution of investment resources through the participation of financial intermediaries. The relevance of the study due to the fact that the globalization of the market and the change in its structure affect not only the economic situation of individual countries (States), but also the world economy as a whole. However, the high degree of interdependence among countries and the huge cross-border capital movements unregulated by States make the global economic system more vulnerable. At the same time, any failures in the global financial system lead to severe economic and financial consequences. The globalization of financial markets has led to a marked increase in their volatility and increased the impact of the spread of financial turmoil in global markets. This is particularly the case for developing countries and countries with economies in transition. In 2014-2015, the Bank of Russia faced a number of such global challenges in implementing its monetary policy. The peculiarities of the economic situation include bilateral sanctions and a large-scale weakening of the ruble, with the result that inflation was above the target level set in accordance with the main directions of monetary policy of the Central Bank of the Russian Federation. Financial crisis caused a multiple number of revocation of licenses. This study examines the problem associated with the process of assessing the financial condition of the Bank, discusses the main indicators of the assessment of the financial condition of commercial banks, as well as the attention paid to the modern method of improving the efficiency of the commercial Bank – reducing the banking network.

Bibliography: Kokin AL.SE., Odinokov VL.AL., Susekova TA.AL. OPTIMIZATION OF THE BANKING NETWORK AS A WAY TO INCREASE THE EFFECTIVENESS OF ACTIVITIES OF COMMERCIAL BANK // Economics and Management. – 2018. – № 2 (25). – С. 33-41. doi: 10.21777/2587-554X-2018-2-33-41