Banks and credit

In connection with the monetary crisis in a given period of walks in the EU freely convertible currency may be forthcoming tests for resistance. The depreciation of the currency united Western Europe almost to equality with the U.S. currency – that is what brought up questions of eastern Europe and the wrong line of policy authorities. At this period the forecast exchange rate is not able to have a balance of what the hard currency to buy and which contain deposits – such an element causes the experience of many. Euro, which is introduced only ten years old with small and could not provide a decent share of the competition the U.S. dollar. American dollar now may well find back the old respectable place.

Derail the price of the currency difficulties threaten the EU's closest countries from eastern Europe and not very confident the event of European economic and monetary authorities. Highly frustrating to date the euro today. The beginning of this year, significantly weakened the state of wells connected to Western Europe. Expectations of worsening financial crisis in the eastern part of Europe could contribute to the fall of the euro during the previous calendar month. And even earlier, things are different.

By the end of last year, predicted the U.S. dollar is not a good alignment. Analysts have no doubt predicted that the end of 2009 the dollar will fall significantly. State Reserve System of the United States dropped the price to almost the minimum, so making money almost Freestuff. The main population of all the republics worried that indicates the dollar today. United Europe at that time did not have the possibility to reach a consensus as to save someone, and begins to show signs of collapse. European chief Bank, fearing higher inflation, not quite quickly reduces the cost of finance, which is not enough financial system. Meanwhile, concern about the level of the economic structure of this sector is growing daily. The efforts of the head United States, Barack Obama and his administration's exit from the banking crisis, analysts are positive note, and tipped to increase the U.S. dollar. Head of foreign exchange activities, said that the Obama Administration taking measures more seriously than other governments, and it strengthens the power of the U.S. dollar. In what direction will move the event to come – until then unknown, and only get a chance every day follow the headlines, in the expectation that no significant change could not occur.

Customer loyalty in the financial market should probably start with one particular observation of customer service one of the capital of commercial banks made by the author in the process of relationship with him. The history of these relationship dates back several years, during which the author was 'diligent' borrowers, consistently concluding 5 credit agreements for the purchase of three vehicles and construction of a country house. Total loans exceeded $ 500,000, and the credit history was impeccable in terms of contractual terms. It would seem that such client – a sample of loyalty and reliability as an example of a client basis kernel bank, and a relationship with him should be permanently maintained and developed. After all, nothing is clouded relations client and the bank that nothing harmed loyalty.

And loyalty would not be a limit, whether the bank a little more attentive and sagacious. It so happened that the client was owner and manager of business a year earlier to explore the bank. Accordingly, his company has serviced and maintained in a different, less convenient, but the usual bank, where the accumulated reputation and showed turnover. And when it is time to apply for a loan for business development, client stated this intention in both familiar bank. It is clear that the company faster and easier to get funding in the bank, which was familiar. A bank watching impeccable credit reputation of the borrower's half a million dollars, so buried in rules and procedures that did not see into loyal customers and his company the same flawless face.

Stock market of Ukraine is in a rather interesting condition, causing conflicting opinions from experts. On the one hand, there was some recovery (of a significant yet not speak) trades, and with international investors. On the other hand, the economy does not experience from this lively little or no impact. Experts attribute this (this surprising fact with a high degree of presence of Russians, who actually has control over the stock market of Ukraine, at least 50%. Anyway, the main shopping area. In the area of their interests are precious metals and the banks themselves ("Alfa Capital", "Renaissance Capital"). Talk about withdrawal of the Ukrainian stock market to pre-crisis level yet not that early, and unacceptable. Especially because many analysts predicted the economy of Ukraine the next three years could experience a yet another wave of crisis.

So it will most likely difficult for the Ukrainian people years. Traditionally, in times of crisis people tend to invest their savings in these assets, which do not lose their value in times of crisis, or at least, very quickly to restore it. Has not yet come up with better means to do so than precious metals. Although gold is not as liquidity as the currency of leading countries, investment in it are far less risky. Except investors who invest their funds with the purpose of earnings, a significant portion of Ukraine's population tends to accumulate small amounts of money, with the least possible losses from inflation. Traditionally, most common means for this were bank deposits.

To date, we can confidently say that the increase in deposit portfolio – a reality in the vast majority of commercial banks. Population actively carries the banking institutions on their savings to place a deposit. Clearly shows that the national currency is gaining increasing confidence in our people, – deposits in dollars or euros is about three times less. Now people prefer to invest in long-term deposit, the more so because short-term profitability is decreasing. Yes, and stabilization of the market in general and strong national currency in particular in respects this. But to take the credit for so many people in our country for quite a long time will not be easy. While many commercial banks are now much lower interest rates, the conditions for the loan still too rigid for most of our population. While consumer credit and use credit cards again actively gaining momentum. It should be noted that there is still the most active players Financial markets remain state-owned banks from the major commercial, ie banks, whose level is high enough. It is in them, and sent most people to open a deposit or a loan.