Financial stability of the banking system of Ukraine: challenges, risks and directions for strengthening

The article examines the current state and development trends of the banking system of Ukraine under martial law. Key challenges affecting the level of financial stability are identified, in particular, the growth of credit risks, loss of assets, fluctuations in the foreign exchange market and a decrease in lending volumes. The role of the National Bank of Ukraine in maintaining the stability of the banking sector is analyzed, in particular through the implementation of monetary, macroprudential and regulatory instruments. Particular attention is paid to the issues of digital transformation, cyber security and the development of innovative financial technologies that increase the stability of the banking system. The purpose of the study is a comprehensive assessment of the state of financial stability of the banking system of Ukraine under military and post-war challenges, identification of key systemic risks and threats, as well as determination of priority areas for strengthening economic security and increasing the efficiency of the functioning of the banking sector. Research methods. The study used a complex of general scientific and special methods, in particular analysis and synthesis - to reveal the essence of the financial stability of the banking system; a systemic approach – to determine the relationship between financial stability, economic security and efficiency of the banking sector; a comparative method – to study the impact of military and post-war factors on the state of the banking system; as well as induction and deduction methods – to generalize the results and form directions for strengthening financial stability. The results. The analysis showed that the banking system of Ukraine, despite the military challenges, retains the ability to effectively perform its functions and maintain financial stability thanks to timely and comprehensive measures taken by the National Bank of Ukraine. It was established that the level of stability of the banking sector is determined by the effectiveness of the risk management system, the level of public trust in banking institutions, structural flexibility to crisis changes and the ability to quickly resume activities. The main directions for strengthening the financial stability of the banking system are proposed, including: expanding digital services and technologies, improving the regulatory framework, stimulating sustainable financing, and deepening cooperation with international financial institutions.