COMPARATIVE ANALYSIS OF METHODOLOGICAL APPROACHES TO THE ASSESSMENT OF THE ECONOMIC SITUATION OF CREDIT INSTITUTIONS
A competitive banking system is an indicator of the market economy of a country. Being active players in the financial market, credit institutions offer banking services to individuals and legal entities as permitted by the law of the Russian Federation. Currently the economy is experiencing difficult times, it definitely affects the number of banks operating in the Russian Federation as well as their financial results and the quality and cost of the banking services on offer. Such reality emphasizes issues related to the development prospects of the financial services industry and the assessment of the financial position of credit institutions. The study examines the financial activities of the credit institution, the necessity of their evaluation, analyzes methodological approaches to the assessment of the financial condition of a commercial bank. The aim of the research is to identify the strengths and weaknesses of existing methods of economic evaluation, including the financial situation of commercial banks. The application of methods of statistical analysis of the key indicators of banks ‘ activity allowed us to assess the significance of individual indicators in a cumulative evaluation. The authors propose their own approaches to forming views about the financial stability of banks, taking into account the interests of investors and other stakeholders who are not insiders of the credit institutions. The study may be of interest both from the scientific and practical points of view as regards the application of its results. The study underlines the relevance of establishing a mechanism of early warning for all stakeholders about the real situation in a specific lending institution. A method is required that allows for evaluating the performance of the bank indicators calculated on the basis of available information published by credit institutions and the regulator in the public domain.