Financial Sustainability of the Region after the Pandemic and Factors Affecting its Characteristics

Lyuza Bayguzina, Zilya Safina, Asatur Sukyasyan

2021

Abstract

The article reveals the theoretical essence of the category «financial stability of the region», has detected distinctive features of the financial system in conjunction with the economic growth of the region. In the authors' opinion, the most significant factors influencing the financial stability of the region after the pandemic are highlighted. On the example of the subject of the Russian Federation - the Republic of Bashkortostan, the banking factor and its recovery after the pandemic are considered. The authors cite domestic experience in the development and implementation of banking services for remote customer service in the Republic of Bashkortostan. The pandemic turned out to be the push that activated their internal mechanisms and launched those processes that can no longer be stopped. In connection with the digitalization of the banking sector and the development of digital technologies, society has a natural demand for new and modern banking products and services. The emergence of new banking opportunities for the population and business that meet the needs of the digital world increases the competitiveness of the country's economy in its entirety.

Paper Citation

in Harvard Style

Bayguzina L., Safina Z. and Sukyasyan A. (2021). Financial Sustainability of the Region after the Pandemic and Factors Affecting its Characteristics. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 292-297. DOI: 10.5220/0010589602920297

in Bibtex Style

@conference{issdri21,
author={Lyuza Bayguzina and Zilya Safina and Asatur Sukyasyan},
title={Financial Sustainability of the Region after the Pandemic and Factors Affecting its Characteristics},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={292-297},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010589602920297},
isbn={978-989-758-519-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - Financial Sustainability of the Region after the Pandemic and Factors Affecting its Characteristics
SN - 978-989-758-519-7
AU - Bayguzina L.
AU - Safina Z.
AU - Sukyasyan A.
PY - 2021
SP - 292
EP - 297
DO - 10.5220/0010589602920297