The role of banking institutions in financing theinnovative development of the Ukraine economy

Abstract

An integral element of the innovative activity of the economic system is investment. Investment activity in modern business conditions is accompanied by problems in the field of innovation. According to world experience, it is the commercial banks in a developed market economy that should act as organizers and financial initiators of investment and innovation projects. By mobilizing resources to finance investment and innovation projects, commercial banks have the opportunity to enter directly the global financial market in order to attract foreign capital to implement projects. They can be involved directly in the development of pilot projects, innovation and investment programs carried out with foreigncapital, acting as one of the financial agents of the government to ensure efficient and reliable placement of foreign investment in the national economy.