2017
Stepan V. Sember, Igor G. Britchenko, Viktoriya S. Stoika, 77_02
Tuesday, 04 April 2017 13:48 | Author: Покотиленко Р.В. | 
Stepan V. Sember
PhD in Economics, Associate Professor
Zakatpattya Regional Centre for Socio-Economic
Humanitarian Research of the NAS of Ukraine, director.
88017, Ukraine, Uzhgorod, 21 Universytetska Str, office 508
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
Igor G. Britchenko
Doctor of Economics, professor
Uzhgorod Trade and Economic InstituteKyiv National University of Trade and Economics.
88020, Ukraine, Uzhgorod, 4 Koritnianska Str., office 309
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
Viktoriya S. Stoika
PhD in Economics, Associate Professor,
Uzhhorod National University
88017, Ukraine, Uzhgorod, 14a Universytetska Str., office 405
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Prospects of creation and functioning of cooperative banks in Ukraine
Section: Macroeconomic and regional problems of industrial development
Ekon. promisl. 2017, 77(1): 22-37
Language: Ukrainian
https://doi.org/10.15407/econindustry2017.01.022
| Full text (PDF)
References:
1.Buchko, I.E. (2013). World experience of functioning of cooperative banks. In G.I. Bachmann, V.V. Apope & E.D. Lupus, (Eds.), Visnik Lvivskoyi komertsiynoyi akademiyi. Ser. ekonomichna. Vol. 40, 103-111 [in Ukrainian].
2.Goncharenko, V.V. (2012). The importance of the revival of cooperative banks of Ukraine in terms of deepening of crisis phenomena in world economy. The International cooperative movement: genesis and modern development trends: International scientific-practical conference (pp. 208-213). Poltava: PUET [in Ukrainian].
3.Manzhura, O.V. (2014). A promising model of credit cooperative system in Ukraine. Naukoviy visnik Poltavskogo universitetu ekonomiki i torgivli. 1 (63), 72-78 [in Ukrainian].
4.Marchuk, V.Yu. (2016, January). Cooperative Banks: perspectives of creation in Ukraine. Efek¬tivna ekonomika. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=4720 [in Ukrainian].
5.Muzychka, M.O. (2013). Features and priorities of the cooperative business model of the bank. Visnik ONU im. I.I. Mechnikova. Vol. 18. 143-146 [in Ukrainian].
6.Kravchuk, G.V., & Dubin, M.V. (2011). Foreign experience of functioning of cooperative banks. Visnik Chernigivskogo derzhavnogo tehnologichnogo universitetu. Ser. «Ekonomichni nauki». 4(54). 309-315. Retrieved from http://economicvistnic.stu.cn.ua/index.pl?task=arcls&ID=615 [in Ukrainian].
7.Stoyko, O.Ya. (2014). A necessity and prospects of revival of cooperative banks are for Ukraine. Produktivnist agropromislovogo virobnitstva. Ekonomichni nauki. Issue 25, 31-38 [in Ukrainian].
8.Skasko, О.І., & Vorobec, H.B. (2015). Legislative problems of regulation and control of the activity of banks, credit unions in Ukraine. Naukoviy vIsnik Uzhgorodskogo universitetu. Ser. «Ekonomika» 1(45), Vol. 2, 371-375 [in Ukrainian].
9.Tarantola, A.M. (2009) Cooperative Banks and Competition: Local Vocation and Governance Issues. Taormina: Bank of Italy. 17 p [in English].
10.Siudek T. (2010). Polish cooperative banking sector in the face of systemic transformation and European integration in agriculture. Agric. Econ. Chezh. 56 (3), 116-134.
11.Gutiérrez E. (2008) The Reform of Italian Cooperative Banks: Discussion of Proposals. Washington: International Monetary Fund.
12.Britchenko, І.G., Stoika, V.S., & Sember, S.V. (2012). Functioning and development of the regional banking system. In І.G. Britchenko (Ed). Poltava: PUЕТ [in Ukrainian].
13. Britchenko, І.G. (2012) Reforming and development of cooperative banks on the example of JSC Bank Ukoopspilka. Collection of abstracts of lectures of International Scientific and Practical Conference "International Co-operative Movement: Genesis and Trends of Modern Development". Poltava: RVV PUET. 174-178 [in Ukrainian].
14.Stoika, V.S. (2013). Development and functioning of cooperative banks: foreign experience. Teoretichni i praktichni aspekti ekonomiki ta intelektualnoyi vlasnosti. Issue 2, Vol. 1, 165-170 [in Ukrainian]. 15. Stadnik А., (2005). Revival of credit cooperative stores. Finansi Ukrayini, 3, 96-100.
15.European Association of Co-operative Banks. (2016, December). Eacb.coop. Retrieved from http://www.eurocoopbanks.coop.
16.Goncharenko, V.V. (2016, December). Analytical report on the construction of credit cooperation systems of various countries. The Ministry of Finance of Ukraine. Retrieved from http://minfin.kmu.gov.ua/control/uk/publish/article.htm [in Ukrainian].
17.Boychuk, V. (2009). Review of the system of cooperative banks in Germany. Visnik kreditnoyi kooperatsiyi. 6(15), 17-20 [in Ukrainian].
18.Morenova, N.Yu. (2016, December) International cooperative cooperation as a tool for sectoral economic integration of Ukraine in the EU. Retrieved from http://mev.lac.lviv.ua/downloads/vyklad/fedor/stat/1.pdf [in Ukrainian].
19.Shiyan, D.V. (2017, January). Perspectives of development of bank crediting of the agrarian sector on the basis of foreign experience. Retrieved from http://www.nbuv.gov.ua/old_jrn/Soc_Gum/VUABS/2011_2/31_03_05.pdf [in Ukrainian].
20.Gonta I. (2017, January). Cooperative banks: why does Ukraine need progress. Check.point. Retrieved from http://ckp.in.ua/analytics/12436 [in Ukrainian].
21.A round table was held on the topic: "The system of cooperative banks – the future of Ukraine?". (2016). Natsionalna asambleya Ukrayini. Retrieved from http://www.nau.inet.ua/news/142-vdbuvsyakrugliy-stl-na-temu-sis¬te¬ma-kooperativnihbankv-maybutnye-ukrayini.html [in Ukrainian].
22.Gordeychuk, A. (2016) I want to wish Taras Kutovoy to keep his "musical" rumor to the agrarian branch and in general for the state. Garyacha agropolItika. Retrieved from https://agropolit.com/interview/88-andriy-gordiychuk-hochu-pobajatitarasu-kutovomu-zberegti-sviy-muzichniysluh-dlya-agarnoyi-galuzi-i-zagalom-dlyaderjavi [in Ukrainian].
23.About Banks and Banking Activities. Law of Ukraine (07.12.2000 No. 2121-III). Retrieved from http://zakon2.rada.gov.ua/laws/show/2121-14 [in Ukrainian].
24.About Credit Unions. Law of Ukraine (20.12.2001 No. 2908-III). Retrieved from http://zakon2.rada.gov.ua/laws/show/2908-14 [in Ukrainian].
25.The concept of development of the system of credit cooperation. Order of the Cabinet of Ministers of Ukraine (07.06.2006 No. 321-p). Retrieved from http://zakon3.Rada.gov.ua/laws/show/321-2006-%D1%80 [in Ukrainian].
26.About measures on development of cooperative movement and strengthening of its role in reforming of economy of Ukraine on market principles. Decree of the President of Ukraine (19.12.2000 No.1348/2000). Retrieved from http://zakon.rada.gov.ua [in Ukrainian].
27.On Amendments to Certain Legislative Acts of Ukraine on the Activities of the Credit Cooperative System. Decree of the Verkhovna Rada of Ukraine (17.12.2008 No 673-VI). Retrieved from http://zakon5.rada.gov.ua/laws/show/673-vi [in Ukrainian].
28.Chikita, I.B. (2013). Cooperative model of banking business in Europe: experience for Ukraine. Visnik lvivskoyi komertsiynoyi akademiyi. 40, 90-97 [in Ukrainian].
29.Goncharenko V.V. (2016) Conceptual approaches to solving the problem of lending to the agrarian sector of the national economy. Retrieved from http://www.pdaa.edu.ua/sites/default/files/nppdaa/spec/19.pdf [in Ukrainian].
PhD in Economics, Associate Professor
Zakatpattya Regional Centre for Socio-Economic
Humanitarian Research of the NAS of Ukraine, director.
88017, Ukraine, Uzhgorod, 21 Universytetska Str, office 508
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
Igor G. Britchenko
Doctor of Economics, professor
Uzhgorod Trade and Economic InstituteKyiv National University of Trade and Economics.
88020, Ukraine, Uzhgorod, 4 Koritnianska Str., office 309
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
Viktoriya S. Stoika
PhD in Economics, Associate Professor,
Uzhhorod National University
88017, Ukraine, Uzhgorod, 14a Universytetska Str., office 405
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Prospects of creation and functioning of cooperative banks in Ukraine
Section: Macroeconomic and regional problems of industrial development
Ekon. promisl. 2017, 77(1): 22-37
Language: Ukrainian
https://doi.org/10.15407/econindustry2017.01.022
Abstract:
The article is devoted to the prospects of creation and functioning of cooperative banks in Ukraine. The experience of leading countries in Europe regarding building the data systems of financial institutions and their importance for economic development have been considered. The article deals with the peculiarities of development and operation of the cooperative banks of developed countries: Germany, France, Italy, Austria, Netherlands, and Poland. The specific char-acter of the functioning of these banking institutions and their place within the banking system of the corresponding countries has been determined. The article focuses on the cooperative banks in Germany that is the homeland of the credit cooperation in Europe. Traditional operations of the cooperative banks of the above mentioned country as well as their charitable activity have been described. The tendency to the merging of the regional cooperative banks of Germany is of a special interest. Owing to this fact the cooperative system of the country has acquired current power and financial strength. The functioning of Austrian banking group “Raiffeisen” that is the biggest cooperative banking group of Austria has been analyzed. An accent is made on the development of the system of cooperative banks of Italy that includes two groups – Banche Popolari і Banche di Credito Cooperativo. The authors emphasize the key role of cooperative banks for the development of the agrarian sector of such countries as France and the Netherlands.
On the basis of the study of the experience of developed European countries concerning the formation of cooperative banking sector the main lines of development of cooperative banks in Ukraine have been suggested. The expediency of creation of cooperative banks in our country has been substantiated. The attention is focused on the problems of legislative and organizational nature regarding the operation of such financial institutions in Ukraine. A three-tier model of national cooperative bank system has been suggested. It should be based on a "bottom-up" principle and consist of three levels, each of which must perform the relevant function. The first level of credit cooperative system should be represented by local cooperative banks. The second level should be formed by regional cooperative banks. At the third, national level, should be the central cooperative bank, which logically completes the construction of a full-fledged cooperative system. The result of the activity of these institutions should be a rational financing of small businesses and a rapid response to their needs, as well as the reduction of loan costs to farmers and the promotion of agriculture in general.
Keywords: cooperative banks, peculiarities of cooperative banks, problems of creation, model of cooperative bank system, local cooperative banks, central cooperative bank.
The article is devoted to the prospects of creation and functioning of cooperative banks in Ukraine. The experience of leading countries in Europe regarding building the data systems of financial institutions and their importance for economic development have been considered. The article deals with the peculiarities of development and operation of the cooperative banks of developed countries: Germany, France, Italy, Austria, Netherlands, and Poland. The specific char-acter of the functioning of these banking institutions and their place within the banking system of the corresponding countries has been determined. The article focuses on the cooperative banks in Germany that is the homeland of the credit cooperation in Europe. Traditional operations of the cooperative banks of the above mentioned country as well as their charitable activity have been described. The tendency to the merging of the regional cooperative banks of Germany is of a special interest. Owing to this fact the cooperative system of the country has acquired current power and financial strength. The functioning of Austrian banking group “Raiffeisen” that is the biggest cooperative banking group of Austria has been analyzed. An accent is made on the development of the system of cooperative banks of Italy that includes two groups – Banche Popolari і Banche di Credito Cooperativo. The authors emphasize the key role of cooperative banks for the development of the agrarian sector of such countries as France and the Netherlands.
On the basis of the study of the experience of developed European countries concerning the formation of cooperative banking sector the main lines of development of cooperative banks in Ukraine have been suggested. The expediency of creation of cooperative banks in our country has been substantiated. The attention is focused on the problems of legislative and organizational nature regarding the operation of such financial institutions in Ukraine. A three-tier model of national cooperative bank system has been suggested. It should be based on a "bottom-up" principle and consist of three levels, each of which must perform the relevant function. The first level of credit cooperative system should be represented by local cooperative banks. The second level should be formed by regional cooperative banks. At the third, national level, should be the central cooperative bank, which logically completes the construction of a full-fledged cooperative system. The result of the activity of these institutions should be a rational financing of small businesses and a rapid response to their needs, as well as the reduction of loan costs to farmers and the promotion of agriculture in general.
Keywords: cooperative banks, peculiarities of cooperative banks, problems of creation, model of cooperative bank system, local cooperative banks, central cooperative bank.
| Full text (PDF)
References:
1.Buchko, I.E. (2013). World experience of functioning of cooperative banks. In G.I. Bachmann, V.V. Apope & E.D. Lupus, (Eds.), Visnik Lvivskoyi komertsiynoyi akademiyi. Ser. ekonomichna. Vol. 40, 103-111 [in Ukrainian].
2.Goncharenko, V.V. (2012). The importance of the revival of cooperative banks of Ukraine in terms of deepening of crisis phenomena in world economy. The International cooperative movement: genesis and modern development trends: International scientific-practical conference (pp. 208-213). Poltava: PUET [in Ukrainian].
3.Manzhura, O.V. (2014). A promising model of credit cooperative system in Ukraine. Naukoviy visnik Poltavskogo universitetu ekonomiki i torgivli. 1 (63), 72-78 [in Ukrainian].
4.Marchuk, V.Yu. (2016, January). Cooperative Banks: perspectives of creation in Ukraine. Efek¬tivna ekonomika. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=4720 [in Ukrainian].
5.Muzychka, M.O. (2013). Features and priorities of the cooperative business model of the bank. Visnik ONU im. I.I. Mechnikova. Vol. 18. 143-146 [in Ukrainian].
6.Kravchuk, G.V., & Dubin, M.V. (2011). Foreign experience of functioning of cooperative banks. Visnik Chernigivskogo derzhavnogo tehnologichnogo universitetu. Ser. «Ekonomichni nauki». 4(54). 309-315. Retrieved from http://economicvistnic.stu.cn.ua/index.pl?task=arcls&ID=615 [in Ukrainian].
7.Stoyko, O.Ya. (2014). A necessity and prospects of revival of cooperative banks are for Ukraine. Produktivnist agropromislovogo virobnitstva. Ekonomichni nauki. Issue 25, 31-38 [in Ukrainian].
8.Skasko, О.І., & Vorobec, H.B. (2015). Legislative problems of regulation and control of the activity of banks, credit unions in Ukraine. Naukoviy vIsnik Uzhgorodskogo universitetu. Ser. «Ekonomika» 1(45), Vol. 2, 371-375 [in Ukrainian].
9.Tarantola, A.M. (2009) Cooperative Banks and Competition: Local Vocation and Governance Issues. Taormina: Bank of Italy. 17 p [in English].
10.Siudek T. (2010). Polish cooperative banking sector in the face of systemic transformation and European integration in agriculture. Agric. Econ. Chezh. 56 (3), 116-134.
11.Gutiérrez E. (2008) The Reform of Italian Cooperative Banks: Discussion of Proposals. Washington: International Monetary Fund.
12.Britchenko, І.G., Stoika, V.S., & Sember, S.V. (2012). Functioning and development of the regional banking system. In І.G. Britchenko (Ed). Poltava: PUЕТ [in Ukrainian].
13. Britchenko, І.G. (2012) Reforming and development of cooperative banks on the example of JSC Bank Ukoopspilka. Collection of abstracts of lectures of International Scientific and Practical Conference "International Co-operative Movement: Genesis and Trends of Modern Development". Poltava: RVV PUET. 174-178 [in Ukrainian].
14.Stoika, V.S. (2013). Development and functioning of cooperative banks: foreign experience. Teoretichni i praktichni aspekti ekonomiki ta intelektualnoyi vlasnosti. Issue 2, Vol. 1, 165-170 [in Ukrainian]. 15. Stadnik А., (2005). Revival of credit cooperative stores. Finansi Ukrayini, 3, 96-100.
15.European Association of Co-operative Banks. (2016, December). Eacb.coop. Retrieved from http://www.eurocoopbanks.coop.
16.Goncharenko, V.V. (2016, December). Analytical report on the construction of credit cooperation systems of various countries. The Ministry of Finance of Ukraine. Retrieved from http://minfin.kmu.gov.ua/control/uk/publish/article.htm [in Ukrainian].
17.Boychuk, V. (2009). Review of the system of cooperative banks in Germany. Visnik kreditnoyi kooperatsiyi. 6(15), 17-20 [in Ukrainian].
18.Morenova, N.Yu. (2016, December) International cooperative cooperation as a tool for sectoral economic integration of Ukraine in the EU. Retrieved from http://mev.lac.lviv.ua/downloads/vyklad/fedor/stat/1.pdf [in Ukrainian].
19.Shiyan, D.V. (2017, January). Perspectives of development of bank crediting of the agrarian sector on the basis of foreign experience. Retrieved from http://www.nbuv.gov.ua/old_jrn/Soc_Gum/VUABS/2011_2/31_03_05.pdf [in Ukrainian].
20.Gonta I. (2017, January). Cooperative banks: why does Ukraine need progress. Check.point. Retrieved from http://ckp.in.ua/analytics/12436 [in Ukrainian].
21.A round table was held on the topic: "The system of cooperative banks – the future of Ukraine?". (2016). Natsionalna asambleya Ukrayini. Retrieved from http://www.nau.inet.ua/news/142-vdbuvsyakrugliy-stl-na-temu-sis¬te¬ma-kooperativnihbankv-maybutnye-ukrayini.html [in Ukrainian].
22.Gordeychuk, A. (2016) I want to wish Taras Kutovoy to keep his "musical" rumor to the agrarian branch and in general for the state. Garyacha agropolItika. Retrieved from https://agropolit.com/interview/88-andriy-gordiychuk-hochu-pobajatitarasu-kutovomu-zberegti-sviy-muzichniysluh-dlya-agarnoyi-galuzi-i-zagalom-dlyaderjavi [in Ukrainian].
23.About Banks and Banking Activities. Law of Ukraine (07.12.2000 No. 2121-III). Retrieved from http://zakon2.rada.gov.ua/laws/show/2121-14 [in Ukrainian].
24.About Credit Unions. Law of Ukraine (20.12.2001 No. 2908-III). Retrieved from http://zakon2.rada.gov.ua/laws/show/2908-14 [in Ukrainian].
25.The concept of development of the system of credit cooperation. Order of the Cabinet of Ministers of Ukraine (07.06.2006 No. 321-p). Retrieved from http://zakon3.Rada.gov.ua/laws/show/321-2006-%D1%80 [in Ukrainian].
26.About measures on development of cooperative movement and strengthening of its role in reforming of economy of Ukraine on market principles. Decree of the President of Ukraine (19.12.2000 No.1348/2000). Retrieved from http://zakon.rada.gov.ua [in Ukrainian].
27.On Amendments to Certain Legislative Acts of Ukraine on the Activities of the Credit Cooperative System. Decree of the Verkhovna Rada of Ukraine (17.12.2008 No 673-VI). Retrieved from http://zakon5.rada.gov.ua/laws/show/673-vi [in Ukrainian].
28.Chikita, I.B. (2013). Cooperative model of banking business in Europe: experience for Ukraine. Visnik lvivskoyi komertsiynoyi akademiyi. 40, 90-97 [in Ukrainian].
29.Goncharenko V.V. (2016) Conceptual approaches to solving the problem of lending to the agrarian sector of the national economy. Retrieved from http://www.pdaa.edu.ua/sites/default/files/nppdaa/spec/19.pdf [in Ukrainian].
Last Updated (Monday, 17 April 2017 18:27)
