FINANCIAL SECURITY OF THE BANKING SECTOR OF UKRAINE

Abstract

The political and economic crisis of 2013–2015 is the largest in the entire history of independent Ukraine, the annexation of  Crimea, the beginning of the war in the East, and in 2022 the full invasion of Russia, negatively affected all spheres of social life, but the financial and economic sphere became their dominant, especially the banking system. The financial security of the banking system occupies a central place and plays an important role in promoting the socio-economic development of the  state, increasing the welfare of households, the growth of investments, national finances, the organization of credit and the system of financial stability, ensuring the stability and purchasing power of the national currency, by ensuring economic growth, and also by ensuring financial stability in the country. The article considers the assessment of the level of financial  security of  the banking system, which is based on the approach proposed in the Methodological recommendations for calculating the level of economic security of Ukraine. Attention was also paid to the components of the financial security of the state and groups of methods for assessing the financial security of banks. Recommendations regarding the methods of calculating the level of financial security in Ukraine have certain positive changes in the development of the mechanism for ensuring the security of Ukrainian banks, but in addition, banks must be guided by regulations governing the process ofcalculating economic indicators. Due to the lack of a comprehensive system of indicators and indicators related to increasing their financial security, the calculation of the integral indicator of the financial security of Ukrainian banks for 2018–2022 was carried out. The conclusions regarding the system of indicators, which are confirmed by analytical calculations and have aquantitative expression, make it possible to signal danger in advance and develop preventive and reactive measures from the standpoint of ensuring financial security at the macro- and microeconomic levels.