Assessment of international competitiveness of the banking sector

It is determined that the category international competitiveness of the banking sector is a set of economic relations between the banking system (NBU, banks, other financial and non-financial institutions) and businesses (residents and non-residents) on the efficient use of resources, institutional and functional potential (internal resources) and factors of the external market environment (global, international and macroeconomic) for sustainable development of the financial system and ensuring the welfare of the country in the long run term. It is shown that the international competitiveness of the banking sector is influenced by exogenous (global and macroeconomic) and endogenous (microeconomic) factors, under the influence of which the sources of competitive advantages of the banking sector are formed: financial resources, assets, human and intangible resources. The factors of the global environment are becoming increasingly important under modern conditions. They affect banking sector related and supportive industries through prudent macroeconomic policies, the presence of competitive investors, access to capital, favorable investment climate, balanced foreign trade. The scheme of the system analysis of factors of the international competitiveness of banking sector on the basis of definition of a category international competitiveness of banking sector is offered. This scheme takes into account all subjects of influence, internal and external factors for the successful realization of economic interests of all economic entities. An understanding of the essence and a method of assessing the international competitiveness of the country's banking sector is deepened to ensure sustainable development and improve the country's welfare in the long run term.