METHODICAL APPROACH TO THE FORMATION OF STRATEGY OF THE BANK ON THE CURRENCY MARKET
Journal Title: Економічний вісник ДВНЗ "Український державний хіміко-технологічний університет" - Year 2018, Vol 1, Issue 1
Abstract
The article is devoted to the elaboration of the methodical approach to the the formation of strategy of the bank on the currency market. This approach is based on the analysis of the influence social and economic factors on the size of the open currency position for each curency. The main types of strategies of the bank on the currency market and the facotrs of influence on the currecy risk have been isolated. It has been offered to determine the directions of the strategic development of the bank with taking into account the social and economic factors that impact on the size of the open currency position for each curency. The main stages of the methodical approach to the the formation of strategy of the bank on the currency market have been determined. The dynamics of the open currency position of PJSC «PRIVATBANK» and it components for USD and EUR have been investigated for 2012–2017. The directions of strategic development of the bank are formed by elaboration of the individual offers in each strategic management zone on the currency market. The complex of social and economic impact factors on the open currency position for each curency has been formed. It has been proved that these factors have a strong influense only on the size of currency liabilities in USD and the size of liabilities in EUR depends on the volume of liabilities in USD. The two-factor linear correlation-regression models of currency liabilities have been obtained. The approach to the formation of a portfolio of the strategic management zones of the bank based on the components of these models has been offered. These approach takes into account synergistic effects in the consumption of banking services and based on related and unrelated diversification. The directions of the strategic development of the bank on the currency market have been formed depending on the estimate of rates of elasticity of the impact factors on the currency liabilities for a situation of the decreasing of indexes of social and economic development of the country. The management of the size of currency liabilities of the bank is carried out on the basis of related diversification of the portfolio of strategic management zones on the currency market.
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