INFLUENCE OF BANK INVESTMENTS ON INNOVATIVE DEVELOPMENT OF THE INDUSTRY UKRAINE
The paper is devoted to problems of innovative development of the industrial enterprises in the conditions of influence of globalization and the internal crisis phenomena in Ukraine.
Structurally – technological modernization of Ukrainian economy is carried out in the conditions of insufficient support of the state budget and orientation on foreign investments. Alternative possibilities of overcoming of deficiency of means can be created due to streng-thening influence of bank activity on development of economy and stimulation of investments into production by means of credit resources of banks. The conducted researches showed that reduction of volumes of bank landing of various sectors of economy is particularly important for innovative development of the country, as the industry and agriculture.
Banks are the main intermediaries in the financial market as they attract free funds of individuals and legal entities, creating and concentrating loan capital and puts this capital on a temporary basis among business entities. At the same time, almost all branches of economy of Ukraine have negative value or lack of capacity to pay interest on bank credit.
The effective solution of the problem of ensuring economic growth and development of innovations at the expense of the investment credits of banks demands scientific judgment of tendencies, conditions and factors of development of infrastructure of the market of banking services, the directions of improvement of the methods, mechanisms of their work and institutional structure defining a role of banking institutions in increase of competitiveness of economy.
According to the author, the expansion functions of state banks, in order not only directly in financing of the name (at the expense of own credit resources) of the government sector and projects, organization to raise funds from banks and other financial market participants and the principles of modern finance and guarantees will allow for project financing of hi-tech.
Keywords
Investments, banks, credits, innovations, financial resources, economic growth.
Issue number: 3
Year: 2017
ISBN:
UDK: 336.71: 330.322(477)
DOI:
Authors: Poddubnaya V.G.
About authors: Piddubnaya V.G., Internal Communications Manager, Bank «Pivdenny», Ukraine,
Competitor, Odessa National Economic University,
65009, Odessa, Ukraine,
e-mail: lagosodessa@vega.com.ua.
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