Ukrainian Banking System Overview: Current State and Development Prospects

Article Title

Ukrainian Banking System Overview: Current State and Development Prospects

Authors

Shvedenko Tetiana
Student, Odesa National Economic University, Odesa, Ukraine
Email: shvedenkotania@gmail.com

Liliia Zherdetska
Head of the Banking Department, Doctor of Science in Finance, Banking and Insurance, Odesa National Economic University, Odesa, Ukraine

Journal Details

• Journal: International Journal of Psychology and Strategic Communication
• ISSN (Online): 2941-5691
• ISSN (Print): 2941-5705
• DOI: https://doi.org/10.61030/IJPSC.25.v01a10

Abstract

The article examines the structure of the banking system of Ukraine. The dynamics of the number of banks and branches were analyzed, revealing a reduction in the number of banks and their operating divisions from the beginning of 2015 to the present.​

The main reason for this reduction was the process of reforming the banking sector of the Ukrainian economy. The reforms led to the “cleansing” of the sector from insolvent and captive banks and increased the level of financial stability. The increased stability of the banking system, as a result of the National Bank of Ukraine’s reforms, is evidenced by its resilience and ability to perform its functions during martial law.​

The study substantiates the following reasons for the reduction in the number of bank divisions in Ukraine: reduction in the number of banks, cost reduction in the post-crisis period, and an increase in the level of digitalization. Pandemic restrictions and martial law also influenced the growth of digitalization.​

The analysis of the structure of the banking system of Ukraine established a significant share of state banks. This situation, to some extent, is a result of the reforms but distorts the competitive environment in the industry.​

Keywords

bank, banking system, specialized banks, savings banks, trust management banks, systemically important banks​

How to Cite This Article

Shvedenko, T., & Zherdetska, L. (2025). Ukrainian Banking System Overview: Current State and Development Prospects. International Journal of Psychology and Strategic Communication, 1(10). https://doi.org/10.61030/IJPSC.25.v01a10​

Full Article (PDF)

https://ijpsc.org/journal/v01/10.pdf

Metadata and Info

• DOI: https://doi.org/10.61030/IJPSC.25.v01a10
• Published: 2025
• License: CC BY 4.0 (if applicable)

@article{ShvedenkoTetiana2025IJPSC25v01a10,
  title = {Ukrainian Banking System Overview: Current State and Development Prospects},
  author = {Shvedenko Tetiana and Student, Odesa National Economic University, Odesa, Ukraine and Email: shvedenkotania@gmail.com and Liliia Zherdetska and Head of the Banking Department, Doctor of Science in Finance, Banking and Insurance, Odesa National Economic University, Odesa, Ukraine},
  journal = {International Journal of Psychology and Strategic Communication},
  year = {2025},
  doi = {10.61030/IJPSC.25.v01a10},
  url = {https://doi.org/10.61030/IJPSC.25.v01a10},
  issn = {2941-5691}
}

TY  - JOUR
AU  - Shvedenko Tetiana
AU  - Student, Odesa National Economic University, Odesa, Ukraine
AU  - Email: shvedenkotania@gmail.com
AU  - Liliia Zherdetska
AU  - Head of the Banking Department, Doctor of Science in Finance, Banking and Insurance, Odesa National Economic University, Odesa, Ukraine
TI  - Ukrainian Banking System Overview: Current State and Development Prospects
JO  - International Journal of Psychology and Strategic Communication
PY  - 2025
SN  - 2941-5691
DO  - 10.61030/IJPSC.25.v01a10
UR  - https://doi.org/10.61030/IJPSC.25.v01a10
ER  -