ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY
This study aims to analyze the sufficiency and sustainability of financial resource mobilization by credit institutions in the Far North regions of Russia within the framework of regional financial security assessment. The paper examines the adequacy of financial resource mobilization through coeff...
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| Format: | Article |
| Language: | English |
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The Russian Academy of Sciences, Federal Research Centre Kola Science Centre
2024-12-01
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| Series: | Север и рынок: формирование экономического порядка |
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| _version_ | 1841550774831677440 |
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| author | Roman V. Badylevich Elena A. Verbinenko |
| author_facet | Roman V. Badylevich Elena A. Verbinenko |
| author_sort | Roman V. Badylevich |
| collection | DOAJ |
| description | This study aims to analyze the sufficiency and sustainability of financial resource mobilization by credit institutions in the Far North regions of Russia within the framework of regional financial security assessment. The paper examines the adequacy of financial resource mobilization through coefficient analysis. It was found that, over the past decade, there has been a consistent increase in the attraction of funds by the credit system in the Far North regions, aligning with the national growth rates. In recent years, the rate of fund mobilization from legal entities has exceeded the national average, while the rate from individuals has been lower than Russia’s average. Currently, the Far North regions’ high financial potential is supported by a relatively high share of individual deposits.
The sustainability of the resources attracted by regional credit systems was assessed using regression analysis. The results indicate that northern regions exhibit low volatility in individual deposits but high volatility in term accounts belonging to legal entities, indicating significant risks of fund outflows from this category. Based on these findings, a classification of the Far North regions was developed. The analysis not only identified regions with the highest financial risks related to borrowing base formation but also highlighted northern regions with the greatest potential for regional investment instruments. These regions include the Magadan and Murmansk regions, the Kamchatka Territory, and the Republic of Karelia. |
| format | Article |
| id | doaj-art-74aee879dd4641bc87316a3982b11e00 |
| institution | Kabale University |
| issn | 2220-802X |
| language | English |
| publishDate | 2024-12-01 |
| publisher | The Russian Academy of Sciences, Federal Research Centre Kola Science Centre |
| record_format | Article |
| series | Север и рынок: формирование экономического порядка |
| spelling | doaj-art-74aee879dd4641bc87316a3982b11e002025-01-10T03:22:00ZengThe Russian Academy of Sciences, Federal Research Centre Kola Science CentreСевер и рынок: формирование экономического порядка2220-802X2024-12-0127411212810.37614/2220-802X.4.2024.86.008ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY Roman V. Badylevich0https://orcid.org/0000-0002-3164-8745Elena A. Verbinenko1https://orcid.org/0000-0003-3709-2116Luzin Institute for Economic Studies of the Kola Science Centre of the Russian Academy of Sciences, Apatity, RussiaLuzin Institute for Economic Studies of the Kola Science Centre of the Russian Academy of Sciences, Apatity, RussiaThis study aims to analyze the sufficiency and sustainability of financial resource mobilization by credit institutions in the Far North regions of Russia within the framework of regional financial security assessment. The paper examines the adequacy of financial resource mobilization through coefficient analysis. It was found that, over the past decade, there has been a consistent increase in the attraction of funds by the credit system in the Far North regions, aligning with the national growth rates. In recent years, the rate of fund mobilization from legal entities has exceeded the national average, while the rate from individuals has been lower than Russia’s average. Currently, the Far North regions’ high financial potential is supported by a relatively high share of individual deposits. The sustainability of the resources attracted by regional credit systems was assessed using regression analysis. The results indicate that northern regions exhibit low volatility in individual deposits but high volatility in term accounts belonging to legal entities, indicating significant risks of fund outflows from this category. Based on these findings, a classification of the Far North regions was developed. The analysis not only identified regions with the highest financial risks related to borrowing base formation but also highlighted northern regions with the greatest potential for regional investment instruments. These regions include the Magadan and Murmansk regions, the Kamchatka Territory, and the Republic of Karelia.credit systembankscredit potentialmobilized fundsfinancial securityfinancial risksrussian far north regions |
| spellingShingle | Roman V. Badylevich Elena A. Verbinenko ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY Север и рынок: формирование экономического порядка credit system banks credit potential mobilized funds financial security financial risks russian far north regions |
| title | ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY |
| title_full | ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY |
| title_fullStr | ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY |
| title_full_unstemmed | ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY |
| title_short | ESTABLISHING THE FINANCIAL FOUNDATION OF THE CREDIT SECTOR IN THE FAR NORTH REGIONS WITHIN THE FRAMEWORK OF REGIONAL FINANCIAL SECURITY |
| title_sort | establishing the financial foundation of the credit sector in the far north regions within the framework of regional financial security |
| topic | credit system banks credit potential mobilized funds financial security financial risks russian far north regions |
| work_keys_str_mv | AT romanvbadylevich establishingthefinancialfoundationofthecreditsectorinthefarnorthregionswithintheframeworkofregionalfinancialsecurity AT elenaaverbinenko establishingthefinancialfoundationofthecreditsectorinthefarnorthregionswithintheframeworkofregionalfinancialsecurity |