FINANCIAL AND HUMAN RESOURCES POLICY OF RIGA AND RIGA REGION BANKING INDUSTRY (2008-2016) Cover Image

ФИНАНСОВАЯ И КАДРОВАЯ ПОЛИТИКА БАНКОВСКОЙ ОТРАСЛИ РИГИ И РИЖСКОГО РЕГИОНА (2008–2016 гг.)
FINANCIAL AND HUMAN RESOURCES POLICY OF RIGA AND RIGA REGION BANKING INDUSTRY (2008-2016)

Author(s): Andrey Surmach
Subject(s): Economy
Published by: Institute of Society Transformation
Keywords: region; banking sector; regional financial policy; human policy; crisis

Summary/Abstract: In the represented article, the author carried out an analysis of banking field development during the financial crisis, the author practical experience in the bankig field allowed to structure in the paper the issues of the banking. The analysis of the Latvian state activities for the banking sector revitalization has been carried out, and scenarios of the field development for its further balanced growth have been suggested. Proposed scenarios for the future of balanced development of the banking sector are the «optimistic» and «pessimistic» ones. The «optimistic» scenario is where banks optimize their staffing and other administrative expenses and continue to operate as usual. The «pessimistic» scenario is where banks optimize all of their costs, reduce their staff and the salaries of the remaining staff, but within the first crisis to occur they will follow to bankruptcy. The research was held by the example of Riga Region, which includes such cities as Riga, Jurmala, Limbazi, Tukums, Sigulda Saulkrasti, Olaine, Kandava, Lielvarde and their districts.

  • Issue Year: 2014
  • Issue No: 09-10(2)
  • Page Range: 40-43
  • Page Count: 4
  • Language: Russian