INSTITUTIONAL MECHANISMS FOR IMPLEMENTING THE STRATEGY OF CREDIT DEVELOPMENT IN UKRAINE UNDER CONDITIONS OF WARTIME RISKS
Abstract
Introduction. The article examines the institutional mechanisms for implementing the Credit Development Strategy in Ukraine under conditions of war-related risks, macroeconomic instability, and ongoing transformations of the financial system. The relevance of the study is determined by the need to ensure the uninterrupted functioning of the credit market as a key source of financing for the real sector of the economy amid limited budget resources and heightened risks. The role of state authorities, banking institutions, and international financial partners in ensuring the availability of credit resources is analyzed in the context of supporting economic recovery, the development of the defense-industrial complex, the energy sector, and other critically important industries. Particular attention is paid to the updated Credit Development Strategy approved by the Financial Stability Council in 2024 and revised in 2026, reflecting the adaptation of state credit policy to prolonged wartime challenges and post-war reconstruction needs.
Methods.The study employs general scientific and special methods of cognition, including analysis and synthesis, system approach, statistical analysis, comparison, and generalization. The information base of the research includes regulatory and legal acts of Ukraine, analytical materials of the National Bank of Ukraine and the Ministry of Finance of Ukraine, as well as reports of international financial organizations.
Results. It has been established that the implementation of the Banking Lending Development Strategy has contributed to the gradual intensification of lending to the real sector of the economy, the expansion of financing for strategically important industries, and the support of economic resilience under wartime conditions. It has been proven that the effectiveness of institutional mechanisms largely depends on the coordination of actions between the state, the regulator, the banking sector, and international partners. Key areas for improving credit policy have been identified, including the expansion of state guarantees, the development of war risk insurance mechanisms, the improvement of the quality of banks’ credit portfolios, the stimulation of long-term investment lending, the development of the mortgage lending system, and the modernization of the credit system.
Discussion. Further research should focus on a comprehensive assessment of the effectiveness of state credit stimulation programs, an in-depth analysis of the impact of war risks on banking system stability, the improvement of credit risk and non-performing loan management tools, as well as the development of models for adapting the national credit system to European Union standards in the context of long-term post-war recovery and Ukraine’s economic integration.
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DOI: https://doi.org/10.35774/ibo2026.01.181
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