Bank's financial management technologies forming at strategic and operational levels

Abstract

The purpose of the paper is to improve the process of formation of bank financial management technologies on the strategic and operational levels considering maturity of its financial management system and efficiency of reproduction processes. The study employed the following methods: correlation analysis and multivariate factor analysis – to form a system of indicators for evaluation of the bank's reproductive processes; taxonomy – to obtain a complex estimate of the bank's reproductive processes; scaling (using the three-sigma rule) – to differentiate the levels of integral quantitative indicators; fuzzy logic – to distinguish between the levels of integral qualitative indicators. Results. The paper suggests that operational-level technologies of bank financial management be formed subject to the efficiency of the bank's reproduction processes defined by integrated indicators of basic banking operations ensuring the flow of financial resources: credit operations, borrowing operations, operations with currency, securities operations, payment and cash services. Strategic-level technologies (balanced scorecard, financial controlling, budgeting, benchmarking) are selected based on the evaluation of the bank's financial management maturity, which incorporates the efficiency of its reproductive processes, the readiness of the bank's financial managers for using integrated technologies, the degree of formalization and information support of financial management. Conclusions. The above will make it possible to choose and use just the right technologies that will most effectively ensure the flow of financial resources and achievement of the planned financial results due to their consistency with the current level of development of the bank and maturity of its financial management system.