Work

The purpose of the research is to develop theoretical principles and practical recommendations for the sustainable development of the banking system of Ukraine considering the effects of the financial crisis. The scientific significance of the work lies in addressing the sustainable development of the banking system of Ukraine with the peculiarities of its structure, the impact of the crisis and the available structural and functional problems, including limited capitalization, defects of current financial stability monitoring approaches and reducing volumes of credit transactions. Solving these problems involves analysis of the financial stability of the banking system and monitoring threats of destabilization; problems of domestic banks capitalization and restoring long-term lending to the real sector, thereby taking into account the lessons of the current financial crisis, increase the stability of the banking system and enhance its prospects for post-crisis development. This research analyzes the conditions and peculiarities of the financial crisis of 2008-2009 in Ukraine, the main factors of destabilization of the Ukrainian banking system and evaluates positive and negative effects on the financial stability of Ukrainian banks. Objective economic conditions of recapitalization of banks in Ukraine were grounded, and instruments of its implementation were considered. The effect of the recapitalization on the further development of Ukraine's banking system and possibilities and prospects of lengthening of bank capital in the post-crisis recovery were analyzed. The possibility to improve the structural characteristics of domestic banks’ loan portfolios by restoring mortgage was grounded and added by number of relevant practical recommendations. Basic approaches to implementation of anti-crisis measures in the financial and real economy, with emphasis on the acceptability of their use in Ukraine were systematized. A comprehensive stability index of the financial system of Ukraine was developed taking into account national peculiarities of Ukrainian economy.