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Bank corporate financing: world experience and Ukrainian realities
 
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1
Lviv Institute of HSEI “Banking University”
 
2
Alfa Bank Ukraine JSC
 
 
Publication date: 2020-08-03
 
 
Organizacja i Zarządzanie 2018;77:107-125
 
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ABSTRACT
The article investigates the international experience of corporate financing, in particular, bank financing and its peculiarities in Ukraine. The analysis was carried out according to World Bank and Eurostat data and showed that in the highly developed countries of the world, which are part of the OECD and in most EU countries, corporations have broad opportunities for access to external sources of funding and actively use various instruments of bank financing of entrepreneurial activity. Therefore, a significant share of investments and working capital of enterprises is funded by banks. The opposite situation exists in developing countries and countries with transition economies, including Ukraine. Most of these countries have limited access to sources of external financing, difficulties in obtaining bank loans, and the share of investment and working capital funded by banks in these countries is low. In recent years, Ukraine has been faced with difficulties related to the political and economic situation in the country, which led to a deep economic crisis and a crisis in the national banking sector, which adversely affected businesses’ availability for bank financing. The article proposes the author's vision of prospective ways to increase the accessibility of bank lending to corporations in Ukraine, namely: macroeconomic stabilization in the country; stimulating monetary policy; development of state programs of financial support for entrepreneurship and business, as well as creation of favorable conditions for the functioning of powerful domestic and transnational banks in Ukraine; and the functioning of the Ukrainian banking system in a transparent and competitive environment of the modern globalized financial system.
ISSN:0239-9415
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