The article is devoted to the analysis of mortgage lending in Volgograd region in terms of compliance of the implemented mortgage programs to ensure affordability of mortgage lending for the residents of the region. The relevance of the topic of the study is connected with the need to develop mortgage lending in Volgograd region and increase the efficiency of mortgage programs. The purpose of this article is to identify problems and study promising possibilities to maintain the availability of mortgage loans for citizens of Volgograd region. The article analyzes the state and trends of mortgage lending development in the region from the position of solving the problems of its strategic social and economic development. The authors study state mortgage programs existing in the region. It was shown that these programs are not effective enough, and a number of problems that hinder their further development were identified, namely: decline in real incomes of the population; insufficient funding of public mortgage programs; inefficient use of budget funds in the implementation of mortgage programs; decline in number of houses put in service in the region; bankruptcy of construction companies; monopolization of the construction market of the region; high cost of dwelling units and mortgages; high share of families in need of improved housing conditions. To solve these problems, it is suggested to change the methodology for financing state mortgage programs, reduce mortgage interest rates for residents of Volgograd region to an optimal level. The mentioned measures will help to increase the efficiency of mortgage programs and mortgage affordability for citizens. At the same time, it is of particular importance that the suggested measures are universal in nature and can be used for the development of mortgage lending in other regions.
The article is devoted to the analysis of the activity of regional commercial banks. The purpose of this article is to identify risks and prospects for the development of regional commercial banks in the digital economy. The author explores the concept of a regional bank, analyzes the peculiarities of the activities of regional banks in modern conditions of increasing banking competition. The article analyzes the state and trends of the development of the banking regional sector from the point of view of efficiency increase of their activities. It is shown that the number of regional banks is constantly declining, and a number of constituent entities of the Russian Federation do not have any longer in the structure of their regional banking system banking credit organizations chartered in their territory as a legal entity. The authors concluded that the development of regional banks can be efficient only through the qualitative growth of each individual regional bank, since in quantitative terms this sector of the Russian banking systems will only decrease. As an example the activity of Rostov bank Tsent-Invest and the regional bank of the Republic of Tatarstan Ak Bars Bank are shown, which occupied certain niches in the Russian banking system and fully compete with foreign banks. To identify and assess the current risks of the activity of regional banks specific characteristics of the digital transformation of the banking industry are determined. As the main risks of development, the authors identified the following ones: risk of increased banking competition, on the one hand, and the risk of monopolization of the banking market, on the other; risk of underfunding of financial technologies; information risks and cyber risks; risks of insufficient financial literacy of consumers of banking products and services; risks of customer base reduction. As opportunities for the development of regional banks the use of remote banking services, allowing to attract new customers, expansion of participation in the state programs, emergence of opportunities for the introduction and development of new business models, in particular ESG-banking are identified. The Bank of Russia can provide certain support for the development of regional banks in the context of digital transformation and increasing banking competition by creating and developing nationwide banking infrastructure platforms.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.