Formation of the Banking Cluster Initiatives in Ukraine

• Main Authors: Koliedina Kateryna O., Semenova Hanna I.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2020-05-01
• Series: Bìznes Inform
• Subjects: cluster; cluster analysis; banking cluster; financial services market
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2020-5_0-pages-364_369.pdf

It is determined that increased competition in the financial media markets in Ukraine, in particular with global banking groups that have progressive banking technologies, requires Ukrainian banks to accelerate integration with other elements of the socio-economic system, other banking institutions. It is defined that the solution to this problem is connected with the need to create cluster initiatives in the financial services market. The research is aimed at identifying opportunities for the creation of associations of financial institutions in Ukraine in the form of a banking cluster. It is suggested that a method of hierarchy analysis should be used to solve this task. A hierarchical model of choosing a bank cluster scenario is built up, which consists of two levels. The choice at the first level of this model of the set of features inherent in cluster forms of the organization, namely territory, concentration, innovation, competition and interconnectedness, is reasoned. At the second level of the hierarchical model, the choice of the main indicators that determine the formation of banking clusters is substantiated. The generalizing results of the analysis of the selected indicators are presented. The expediency of using three main indicators is substantiated: number of branches, financial stability and balance profit of bank, which have the greatest impact on the possibility of creating a banking cluster. A cluster analysis is carried out, which resulted in the formation of six banking clusters. It is determined that the main advantages of creating banking clusters in Ukraine are: strengthening the image of regional clusters, facilitating information exchange within the business environment, direct financing of individual projects, expansion of banking networks, promoting transnational ties with other clusters or regions.