THE ROLE OF FINANCIAL ANALYSIS INDICATORS IN THE PROCESS OF RISK REDUCTION IN COMMERCIAL BANKS

The article is devoted to the use of financial analysis for the purposes of risk management of a commer-cial bank. The paper defines the bank risk, provides a classification of banking risks, and also uses the exam-ple of the largest Russian bank, Sberbank PJSC, to calculate the main indicators used in assessing the finan-cial risks of a credit institution. In particular, the dynamics of indicators of liquidity and financial stability, indi-cators of credit risk assessment, indicators of market risk assessment are analyzed. Based on the results of the calculations, the relevant conclusions were drawn and basic recommendations for the bank’s financial risk management were developed.

The Impact of Japanese Labels on the Perceived Relevance of Lean Production Practices in a Russian Bank

ABSTRACTWe investigate how the relevance of the Lean Production System (LPS) as perceived by employees of a Russian bank depends on whether LPS practices are labeled with transliterated original Japanese words or translated Russian words. Building on organizational translation scholarship contextualized to Russia, we formulate hypotheses about the mechanism through which labels affect the perceived relevance of practices. The results of an experimental study situated in a Russian bank show that transliterated Japanese labels have a negative impact on the perceived relevance of LPS practices by Russian employees. Further analysis reveals that this negative perception is fully mediated by the label's semantic fit, that is, the extent to which the label complies with the linguistic codes of the Russian language. Specifically, we find that, on average, the transliterated Japanese labels have a lower semantic fit than the translated Russian labels, and this difference in semantic fit explains the Japanese labels’ lower relevance as perceived by the bank's employees. By unpacking the causal effect of the labels used for management practices on the practices’ perceived relevance, this study advances our understanding of how organizations could influence employees’ acceptance of foreign management practices.

Implementation of Platforms’ Strategy by Financial Companies in China and Russia

The global trends underline importance of e-commerce, development payments system as well as alternative banking services. China is considered as one the leader in digital transformation. In that regard development of Tencent in the previous decades and the strategy of the company give understanding, how new financial services evolve from traditional approach to platform model. We believe that payment systems as well as other financial platforms would play more important role, competing with traditional banking system and determining landscape of financial system in future. At the same time strategies, based on digital platform, are also actively implemented by Russian financial sector. But competition of new financial organizations with traditional banks are more difficult in our country, because some banks (including Sberbank, Tinkoff) are started building their own platforms. Platform’s strategies are usually effective in mass market, because they are based on cost efficiency model. Nevertheless, some platform could be implemented in premium sector too and in the article, we developed private banking platform strategy for a large Russian bank, which might present strong competitive advantages in the nearest future. Current epidemic enforces digitalization processes, including premium sectors.

Managing Changes in Organizational Budgeting Model of Russian Bank in Conditions of Implementation of Agile Approaches in It Projects

The research project described in this article is intended to identify the requirements for the target organizational budgeting model of a company implementing agile approach in managing IT projects and to develop recommendations concerning these requirements. To collect data relevant for the research an interview and a questionnaire were conducted among the key participants of processes of managing project portfolio, and also some materials from meetings inside the company were used. The most significant results of this project ready to be applied in other companies are: •• the activity-based costs allocation model, which allows to improve the project planning quality and to increase the benefits estimation objectiveness; •• the open access integrated IS model providing the transparency of project portfolio budgeting process and possibilities for cascading the metrics of strategic goals achievement set in Balanced Scorecards and increments delivered by agile-teams.

ИСПОЛЬЗОВАНИЕ ПАРАМЕТРИЧЕСКОЙ МОДЕЛИ ПРИ УПРАВЛЕНИИ ПОРТФЕЛЯМИ ДЕПОЗИТОВ-ССУД

в работе приводятся результаты выбора оптимального варианта кредитно-депозитной деятельности универсального коммерческого банка среднего по объему капитала, полученные на основе расчетов по параметрической модели, которые продемонстрировали адекватность предложенного подхода и модели кредитно-инвестиционной практике современного российского банкаthe paper presents the results of choosing the optimal option for lending and depositing activities of a universal commercial bank of medium capital volume, obtained on the basis of calculations by the parametric model, which demonstrated the adequacy of the proposed approach and the model of lending and investment practice of a modern Russian bank.

A Russian Bank in the Khanate of Khiva of NovoUrgench Branch of the Russo-Asiatic Commercial Bank

Cotton farming, being one of the leading branches of economic activity of Turkestan of the beginning of the 20th century, attracted the attention of big investors of the Russian Empire. This article examines functioning of the Novo-Urgench branch of the Russo-Asian commercial bank (RACB) on the basis of the material from Russian State Historical Archive (RGIA): successful and unsuccessful operations, organizational structure, interaction with clients, and its influence on the regional market. The unique character of this branch of one of the largest Russian banks lay in that fact that it was the only lending and financial institution that expanded its operations throughout the entire oasis of Khiva, including territories that were under control of the Khan of Khiva. Both local political and economic elites and entrepreneurs from Central Russia were clients and partners of the Novo-Urgench branch of the bank. Wide-spread liaisons allowed the institution to promptly conquer and maintain, even under conditions of a crisis, its niche on the market of financial services in Central Asia. On the threshold of the World War I, the bank attempted to monopolize cotton farming, working with big clients and even stimulating development of the processing industry. Novo-Urgench branch of the Russo-Asian bank provided help to the local merchantry trying to increase export of raw cotton and to enter both Russia-wide and international markets. For the objective reasons of shortage of liquid assets, underdeveloped infrastructure of the region, swings in stock-exchange and problems with human resources, the Novo-Urgench branch of the Russo-Asiatic bank could not capture and control the Khivan market. During the war years, the Central Asian periphery was under the influence of the problems characteristic of not only the banking sector, but Russian economy as a whole.