Home  Journals  Finance and Credit  3(531) - 2013 January

Financial management of regional banks

Available online: 30 January 2013

Subject Heading: Banking

JEL Classification: 

In the article it is noted that quality of management by regional banks is reflected in profitability of operating activities. Banks realize the new approaches and the administrative tools increasing competitive advantages of banking products. One of such instruments of management is the budgeting system; its efficiency is directly reflected in financial result of the bank sphere. Realization of system of budgeting becomes especially actual Russia after the accession to the World Trade Organization (WTO) which opens the Russian market for foreign banks and involves strengthening of competitive fight. The carried-out research of system of budgeting in the regional bank allows to make the conclusions on its positive influence on its competitiveness.

Keywords: budgeting, management system, bank, financial result, competitiveness, structure, management accounting

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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