DEVELOPMENT OF LEGAL REGULATION OF BANK LENDING IN THE TIME OF INDEPENDENT UKRAINE

Abstract

The article examines the development of legal regulation of bank lending in Ukraine since independence. The key stages and regulations that have influenced the formation and evolution of the credit market are considered. The author describes the transition from the fragmented legislation of the 1990s to the introduction of modern standards of risk management, consumer protection and digitalization of banking services. Considerable attention is paid to the reforms during the economic crises and military actions that stimulated the updating of legislation and strengthening of the regulatory functions of the National Bank of Ukraine. The table below shows the main events and laws that shaped the legal framework for lending. The role of digitalization of banking services, which contributes to expanding access to credit and simplifying procedures, in particular in remote regions, is reflected. The development of consumer lending, which has gained particular relevance in view of its impact on economic development and increased availability of financial resources for the population, is also considered separately. The article identifies the main stages of development of legal regulation of bank lending in Ukraine, analyzes its effectiveness and identifies problematic aspects which require improvement. To achieve this goal, the author examines the legal framework governing bank lending, studies the dynamics of legislative changes, and analyzes the consequences of these changes for the credit system of Ukraine. The changes in bank lending in Ukraine since 1991 are studied, which are related to both domestic socio-economic transformations and international experience and integration processes. The paper emphasizes the importance of transparent and stable legal regulation, which promotes confidence in the banking system and ensures the effective functioning of the financial sector of Ukraine in the face of constant challenges.