Baibekov I.R.Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation ildar1106@yandex.ru
The article deals with general approaches of commercial banks to a structure of investment portfolios formed by the banks in stock market. The author concludes that bonds are to be considered by commercial banks as a basis of their investment portfolios among all types of the financial instruments circulating on the Moscow Exchange, first. And second, commercial banks when forming bond portfolios should use the following criteria: the time till bonds retirement, possibility of bonds acquisition at the time of an investment portfolio formation, bonds profitability, possibility of refinancing against bonds loan, credit quality of the bonds issuer.
Baibekov I.R. Investitsionnye strategii kommercheskikh bankov na rynke obligatsii [Investment strategy of commercial banks in the bond market]. Finansovaia analitika: problemy i resheniia – Financial analytics: problems and solutions, 2013, no. 37, pp. 31–38.
Kazakov V.A., Tarasov A.V., Zubitskii A.B. Modeli formirovaniia portfelia aktsii v sovremennoi teorii investitsii [Models of stock portfolio formation in the modern investment theory]. Finansy i kredit – Finance and credit, 2006, no. 5, pp. 17–20.
Nikiforova V.D. Rynok tsennykh bumag [Securities market]. St. Petersburg, SPbSUEF Publ., 2010, 160 p.
Nikolaeva I.P. Investitsii [Investment]. Moscow, Dashkov i K Publ., 2013, 254 p.
Pessel’ M.A., Kostiashkina O.G. Effektivnaia deiatel’nost’ kreditnykh organizatsii – faktor sistemnoi ustoichivosti bankovskogo sektora [The effective operation of credit institutions as a factor of systemic stability of the bank sector]. Finansy i kredit – Finance and credit, 2009, no. 17, pp. 32–43.
Semernina Iu.V. Dolevye tsennye bumagi rossiiskogo rynka [Equity securities of the Russian stock market]. Saratov, SSSEU Publ., 2010, 140 p.
Semernina Iu.V. Modelirovanie osnovnykh emissionnykh kharakteristik vypuskov korporativnykh obligatsii [Simulation of emissive characteristics of the main issues of corporate bonds]. Ekonomicheskii analiz: teoriia i praktika – Economic analysis: theory and practice, 2012, no. 18, pp. 25–36.
Semernina Iu.V. Obligatsionnoe finansirovanie rossiiskikh khoziaistvuiushchikh sub”ektov: teoriia i metodologiia [Bond financing of Russian economic entities: a theory and methodology]. Saratov, SSSEU Publ., 2012, 240 p.
Semernina Iu.V. Printsipy obligatsionnogo finansirovaniia rossiiskikh khoziaistvuiushchikh sub”ektov [Principles of bond financing of Russian business]. Saratov, SSSEU Publ., 2011, 188 p.
Semernina Iu.V. Spetsificheskie osobennosti rossiiskogo rynka obligatsii [Specific features of the Russian bond market]. Finansy i kredit – Finance and credit, 2012, no. 8, pp. 5–58.
Semernina Iu.V., Baibekov I.R. Opredelenie roli i mesta kommercheskikh bankov na rynke tsennykh bumag [Determining the role and place of commercial banks in the securities market]. Finansovaia analitika: problemy i resheniia – Financial analytics: science and experience, 2013, no. 19, pp. 35–44.
Iakunina A.V., Semernina Iu.V. Osobennosti obligatsii kak finansovogo instrumenta: teoreticheskii analiz [Bonds’ features as a financial instrument: a theoretical analysis]. Ekonomicheskii analiz: teoriia i praktika – Economic analysis: theory and practice, 2012, no. 39, pp. 2–13.
Iakunina A.V., Semernina Iu.V. Riski obligatsionnogo finansirovaniia [Risks of bond financing]. Finansovaia analitika: problemy i resheniia – Financial analytics: science and experience, 2012, no. 36, pp. 2–13.