+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Regional Economics: Theory and Practice

An analysis of digital factors of bank capital transnationalization

Vol. 19, Iss. 8, AUGUST 2021

Received: 10 May 2021

Received in revised form: 23 June 2021

Accepted: 7 July 2021

Available online: 16 August 2021


JEL Classification: F3, F23, G23

Pages: 1498–1516


Adelina R. AKHMETOVA Lomonosov Moscow State University (MSU), Moscow, Russian Federation

ORCID id: not available

Subject. This article discusses the use of digital technologies in banking.
Objectives. The article aims to identify the factors and channels of impact of digital technologies on the implementation of transnational strategies by banks and assess the conditions for the transnationalization of bank capital.
Methods. For the study, I used econometric modeling and the methods of systems, logical, structural, and comparative analyses.
Results. Based on the systematization of the theory of transnationalization and a comprehensive analysis of factors affecting the activities of transnational banks, the article offers an original model for assessing the impact of digital technologies on the transnationalization of bank capital.
Conclusions. To maintain a competitive position in the market, it is necessary to take into account external and internal factors of digital development when developing a strategy for transnationalization of banking activities in the context of digitalization, continuous technological changes, and innovation.

Keywords: transnationalism, transnational banks, banking technology, digital banking, digitalization


  1. Dmitrieva G.S. [Digital technologies in the banking sector of economy]. Izvestiâ Sankt-Peterburgskogo gosudarstvennogo èkonomičeskogo universiteta, 2020, no. 1, pp. 49–53. URL: Link (In Russ.)
  2. Heinkel R.L., Levi M.D. The Structure of International Banking. Journal of International Money and Finance, 1992, vol. 11, iss. 3, pp. 251–272. URL: Link90045-Y
  3. Volkov V.V. [The role of transnational banks in the current global financial system: incentives for expansion of transnational banks]. Mikroekonomika = Microeconomics, 2014, no. 5, pp. 38–42. (In Russ.)
  4. Golikova Yu.A. [Transnational corporations: determination of the essence and characteristic of activity in modern conditions]. Vestnik Novosibirskogo gosudarstvennogo universiteta. Seriya: Sotsial'no-ekonomicheskie nauki = Vestnik of Novosibirsk State University. Series: Social and Economics Sciences, 2010, vol. 10, iss. 4, pp. 32–39. URL: Link (In Russ.)
  5. Schoenmaker D., Véron N. (Eds). European Banking Supervision: The First Eighteen Months. Brussels, Bruegel, 2016, 184 p.
  6. Kosintsev A.P., Fal'chenko O.D. [Analysis of international corporations transnationality criteria]. Izvestiya Ural'skogo gosudarstvennogo ekonomicheskogo universiteta = Journal of Ural State University of Economics, 2009, no. 3, pp. 42–46. URL: Link (In Russ.)
  7. Schoenmaker D. Resolution of International Banks: Can Smaller Countries Cope? International Finance, 2018, vol. 21, iss. 1, pp. 39–54. URL: Link
  8. Ryabova E.V. [Legal environment of the transnationalization of Russian banks]. Mezhdunarodnaya ekonomika = The World Economics, 2017, no. 7, pp. 43–56. (In Russ.)
  9. Sulimenko O.V., Ryabova K.A. [Development of digital banking and Fin-Tech companies]. Finansovye issledovaniya, 2019, no. 4, pp. 78–83. URL: Link (In Russ.)
  10. Navoy A.V. [Regional economic integration of today: key trends and challenges]. Den'gi i kredit = Russian Journal of Money and Finance, 2017, no. 4, pp. 24–32. (In Russ.) URL: Link
  11. Bolton P., Oehmke M. Bank Resolution and the Structure of Global Banks. The Review of Financial Studies, 2019, vol. 32, iss. 6, pp. 2384–2421. URL: Link

View all articles of issue


ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 21, Iss. 9
September 2023