ANALYSIS AND MODELING OF FACTORS OF INTEGRATION INTERACTION OF CREDIT AND FINANCIAL INSTITUTIONS
The study examines the integration of banks, insurance, and leasing companies in the Russian financial market. Economic crises, exchange rate fluctuations, inflation, sanctions, internal security measures, and other macroeconomic factors are forcing banks to seek new ways to diversify risks and reduce uncertainty. The integration of banks and financial institutions is particularly important due to a number of objective factors: the need to expand their resource base, develop combined financial products, increase customer appeal, and strengthen their competitive position. A highly competitive environment challenges banks and other financial institutions to attract and retain more clients. One effective way to achieve this is by offering comprehensive financial products and services, which can be achieved through integration. For example, integrating a bank with other financial institutions allows for a broader range of services, offering banking, insurance, and leasing products simultaneously. This increases profitability and customer satisfaction. Integration partners can also leverage each other's expertise and technologies, utilize a unified IT platform, and collaborate with partners. The integration mechanism allows for the pooling of resources, reduction of development and promotion costs, marketing expenses, and administrative overhead. It also allows for the revision of the organizational structure, elimination of duplication, and streamlining of decision-making. The joint efforts of integration participants help strengthen market positions and counter external threats.
The purpose of this study is to assess the factors facilitating and hindering the development of integrated interactions between banks, insurance, and leasing companies in the domestic financial market. The study utilized a statistical method—correlation and regression analysis—to identify macro-, micro-, and industry-specific factors influencing the integration of banks, insurance, and leasing companies.
These results contribute to the development of a theory of integrated relationships between credit and financial institutions in the domestic financial market and form the foundation for future research aimed at improving the effectiveness and sustainability of integrated interactions in the financial environment.
Pashkova E.N. “Analysis and modeling of factors of integration interaction of credit and financial institutions”, Research Result. Economic Research, 11(3), 107-118, DOI: 10.18413/2409-1634-2025-11-3-0-9
While nobody left any comments to this publication.
You can be first.
1. Averchenko O.D. (2019) “Assessing the effectiveness of interaction between banks and insurance companies: methodology and criteria”, Banking services, 5: 2-10. (in Russian)
2. Alekseev A.N. Trishin A.A. (2016) “Strategic alliance: the essence and goals of creation”, Bulletin of the University of the Russian Academy of Education, 2: 144-147. (in Russian)
3. Alsaev A.A. Bakhmatov S.A. (2016) “Problematic aspects of intermediary relations between insurance organizations and leasing companies”, Collection of scientific papers: Modern Trends in the Insurance Services Market, Irkutsk: 10-13. (in Russian)
4. Vaganova O.V. et al. (2021) “Modern approach to the study of digital transformation of the financial sector of the Russian Federation, Economic and humanitarian sciences, 6 (353), 37-49, DOI 10.33979/2073-7424-2021-353-6-37-49, EDN OCLEZG. (in Russian)
5. Donetskova O.Yu. (2022) “The state of the Russian bancassurance market / O.Yu. Donetskova”, Finance: Theory and Practice, 26 (5): 233-246. (in Russian)
6. Zernov M.A. (2024) “Criteria for the effectiveness of interaction between insurance organizations and commercial banks”, Audit Statements, 2024, 2: 63-66. (in Russian)
7. Kovtun R.V. (2020) “Modern approaches to defining economic integration”, Moscow Economic Journal, 11: 207 - 219. (in Russian)
8. Natocheeva N.N. Averchenko O.D. (2017) “Analysis of models of integration interaction of financial market participants”, Methods, mechanisms and factors of international competitiveness of national economic: materials of the XXV international. scientific-practical. conf., Kazan, October 21, 2017, OOO "Aeterna" (Ufa), Kazan, in 2 parts, Volume Part 2: 23-27. (in Russian)
9. Pashkova E.N., Vaganova O.V. (2023) “Integration interaction of the bank, insurance and leasing companies in the financial market”, Research Result. Economic Research, 9(3): 149-158. (in Russian)
10. Pashkova E.N. Vaganova O.V. (2024) “Theoretical approaches to the study of the integration interaction of banks, insurance and leasing companies”, Economic and Humanitarian Sciences, 3 (386): 11-22. (in Russian)
11. Pashkova E.N. (2024) “Study of the integration interaction of credit and financial institutions in the financial market”, Economics. Informatics, 51(1): 121-131. (in Russian)
12. Pashkova E.N. (2022) “Development of the Russian insurance market under sanctions, Research Result. Economic Research, 8(4): 99-109. (in Russian)
13. Perfil'ev A., Sovetkina Z., Korshunov R. (2024) “Leasing market by the end of 2023: time of renaissance”, Expert. RA. - Analytical agency, Moscow. 2024, available at: https://raexpert.ru/docbank/257/e8c/110/dc57dd74234325c74a2a0bc.pdf (Accessed 13 February 2024). (in Russian)
14. Piven V. Panicheva S. (2024) “Double blow. Russian banking sector: forecast for 2024”, Analytical Credit Rating Agency (Joint-Stock Company), ACRA (JSC), available at: https://www.acra-ratings.ru/research/2758/ (Accessed 25 May 2025). (in Russian)
15. Posadskaya T.S. (2019) “Formation of an effective process of integration of the financial and real sectors”, Manager, 3: 232-239. (in Russian)
16. Vaganova O. V. et al. (2024) “Trends in the development of the financial system in the context of the economic crisis”, Bulletin of the South-West State University. Series: Economics. Sociology. Management, 14 (3), 183-193, DOI 10.21869/2223-1552-2024-14-3-183-193, EDN BVXNLW.
17. Quantitative characteristics of the banking sector of the Russian Federation 2013, 2024. Statistics. Banking sector [site section], Bank of Russia, available at: https://cbr.ru/statistics/bank_sector/lic/ (Acceessed 25 May 2025). (in Russian)
18. Tsyganov, A.A. Maslennikov, S.V. (2020) “Features of regulation of insurance activities in the practice of bancassurance in the European Union”, Banking law, 6: 44 - 57. (in Russian)
19. Balassa B. (1962), The Theory of Economic Integration, Z., 1962.
20. Ganapathy V. (2021) “Digital Bancassurance Business Models”, SAMVAD, 21: 48-62.
21. Javliyevich A.E. (2023) “The role of leasing operations in commercial banks”, JournalNX. EDN SQXEJV, 9(4): 231-234.
22. Hartono P. (2023) “Peningkatan Minat Membeli Ulang Produk Bancassurance melalui Customer Engagement”, Image: Jurnal Riset Manajemen, 11 (1):59-68.