Department of Financial Technologies and Entrepreneurship

Olena Krukhmal

Krukhmal Olena

PhD in Economics, Associate Professor

Contact information:
Cabinet: : К2-350
+38(0542) 665-093
E-mail: o.krukhmal@uabs.sumdu.edu.ua
Facebook: https://www.facebook.com/krukhmal

Professional networks:
ScopusAuthorID: 36069602100
ORCID: 0000-0001-9118-1713
ResearcherID: P-2233-2014
Google Scholar 

Education

  • Sumy State University — Specialist Diploma in Enterprise Economics (1997).
  • Ukrainian Academy of Banking of the National Bank of Ukraine — Master’s Degree in Banking (2010).

 

Academic degrees and statuses:

  • Associate Professor, Department of Banking (2011).
  • Candidate of Economic Sciences (PhD equivalent) in the specialty 08.00.08 “Money, Finance, and Credit” (2011).

 

Courses 

  • Credit Management
  • Bank Lending

 

Research Interests

  • Bank financial stability
  • Credit management in banks
  • Bank credit risk management
  • Since 2019 — Deputy Head of the Educational and Methodological Department, Sumy State University (SumDU).
  • 2017–2019 — Deputy Director of the Educational and Scientific Institute of Business Technologies “UABS” for methodological work, practice-oriented training, and cooperation with employers.
  • Since 2016 — Associate Professor, Department of Finance, Banking, and Insurance, Sumy State University (SumDU).
  • 2010–2016 — Associate Professor, Department of Banking, Ukrainian Academy of Banking of the National Bank of Ukraine (UABS NBU).
  • 1998–2010 — Assistant Lecturer and Senior Lecturer, Ukrainian Academy of Banking of the National Bank of Ukraine (UABS NBU).

 

2025

  1. Serpeninova Y., Partila P., Raboshuk A., Krukhmal O., Nezhyd Y. Transparency in Human Capital Disclosure in NonFinancial Reporting: Towards Ethical Governance and Corporate Social Responsibility in Banking. Business Ethics and Leadership. 2025. 9 (2). C. 120-129 DOI: 10.61093/bel.9(2).120-129.2025. (Scopus)

2023

  1. Krukhmal O., Petrushenko Y., Duvanova O. Cooperation as a Driver of Socioeconomic Leadership and Sustainable Development in Local Communities: Main Trends and Perspectives of the Interdisciplinary Research. Springer Proceedings in Business and Economics. 2023. C. 9-24 DOI: 10.1007/978-3-031-28131-0_2. (Scopus)
  2. Lomachynska I., Krukhmal O., Ananiev M., Rudevska V., Zatonatskiy D., Pohorila О. IMPROVEMENT OF THE CONCEPT OF STATE REGULATION OF THE BANKING SYSTEM AND MODELING ITS IMPACT ON THE NATIONAL ECONOMY. Financial and Credit Activity: Problems of Theory and Practice. 2023. 2 (49). C. 8-23 DOI: 10.55643/fcaptp.2.49.2023.4030. (Scopus та WoS)
  3. Lyeonov S., Bilan Y., Kuzmenko O., Krukhmal O., Vasa L. Strategic management, scenario analysis and competitive advantage analysis: New opportunities for anti-money laundering system reform. E a M: Ekonomie a Management. 2023. 26 (2). C. 140-157 DOI: 10.15240/tul/001/2023-2-009. (Scopus та WoS)
  4. Kuzmenko O., Krukhmal O., Koibichuk V., Hrytsenko K., Kushneryov O., Hordiienko V., Pasemko G., Taran O., Smihunova O. Survival Analysis Methods for Assessing the Anti-Money Laundering System Effectiveness. WSEAS Transactions on Business and Economics. 2023. 20. C. 1185-1206 DOI: 10.37394/23207.2023.20.106. (Scopus)

2021

  1. Sukhonos, V, Pavlenko, L, Krukhmal, O, Ivanovska, A, Maletov, D Forms of committing corrupt abuses of public finances and ways to counteract them in Ukraine. AMAZONIA INVESTIGA. 2021. 10 (39). C. 149-158 DOI: 10.34069/AI/2021.39.03.14. (WoS)

2014 

  1. Kryklii, О. Problem Loans Management System In Bank [Text] / О. Kryklii, О. Krukhmal // Актуальні проблеми економіки. – 2014. – №5. – С.409-416.

    2011

    Kovalenko, V. V., Krukhmal, O. V., & Toryanyk, Zh. I. (2011). Problems of Bank Capitalization and Assessment of Capital Adequacy. Actual Problems of Economics, No. 8, pp. 276–287.

    2009

    Kovalenko, V. V., Korenieva, O. H., & Krukhmal, O. V. (2009). Banking Crisis and Anti-Crisis Management Instruments. Actual Problems of Economics, No. 2 (92), pp. 144–150.

 

  1. Pavlenko, L. D., Krukhmal, O. V., & Popova, K. E. (2025). Theoretical Aspects of Assessment and Management of Bank Credit Risk under Economic Instability. Business Inform, 4, 411–421. DOI: 10.32983/2222-4459-2025-4-411-422.

  2. Miroshnychenko, O. V., Krukhmal, O. V., & Khvostenko, A. H. (2022). Evolution of Management Accounting: Essence and Principles. Bulletin of Sumy State University, 3, 51–59. DOI: 10.21272/1817-9215.2022.3-5.

  3. Krukhmal, O. V., & Kryklii, O. A. (2022). A Roadmap of Regulatory Interventions for Scaling the Institutional Partnership Model of Educational Service Providers to Enhance the Resilience of Local and Regional Socio-Economic Development. Scientific View: Economics and Management, 4(80), 25–31. DOI: 10.32782/2521-666X/2022-80-4.

  4. Krukhmal, O. V., Pavlenko, L. D., & Tarasenko, Ya. Yu. (2021). Non-Performing Loans: Essence and Causes in Modern Conditions. Modern Economics, 27, 42–46. DOI: 10.31521/modecon.V27(2021)-07.

  5. Pavlenko, L. D., Krukhmal, O. V., & Zaritska, A. I. (2021). Bank Liquidity Management Instruments in the Context of the Transformation of International Legal Standards into National Legislation. Effective Economy, 1.

  6. Krukhmal, O. V., & Temchenko, A. R. (2020). Problem Debt in the Banking System of Ukraine: Assessment of Influencing Factors. Market Infrastructure, 49, 236–268.

  7. Krukhmal, O. V., & Sukhonos, V. V. (2020). Development of Banking Business in the Digital Economy. Effective Economy, 11. DOI: 10.32702/2307-2105-2020.11.98.

  8. Krukhmal, O. V., & Havrylenko, V. O. (2019). The Presence of Foreign Capital in the Banking System of Ukraine: An Analysis. Economics. Finance. Law, 4/1, 24–30.

  9. Krukhmal, O. V., & Kovryhina, O. A. (2019). Analysis of Non-Performing Loans in the Banking System of Ukraine. Economics. Finance. Law, 11/2, 9–12.

  10. Krukhmal, O. V., & Vasylchuk, A. Yu. (2018). Specific Features of Credit Policy Formation by Ukrainian Banks. Effective Economy, 5.

  11. Lieonov, S. V., & Krukhmal, O. V. (2018). The Impact of Government Policy on Stimulating Banks’ Credit and Investment Activity under Post-Crisis Instability. Bulletin of Sumy State University. Economics Series, 2, 129–134.

  12. Lieonov, S. V., & Krukhmal, O. V. (2018). Efficiency of a Bank’s Credit and Investment Strategy under Transformational Changes in the Banking System. Bulletin of Sumy State University. Economics Series, 1, 107–113.

  13. Krukhmal, O. V., & Samilyk, D. S. (2017). The Impact of Credit Policy on the Quality of a Bank’s Loan Portfolio. Effective Economy, 1.

  14. Krukhmal, O. V., & Krasiuk, N. V. (2016). Development of Non-Price Instruments as a Necessary Condition for Enhancing Bank Competitiveness at the Present Stage. Effective Economy, 12.

  15. Kryvoruchko, O., & Krukhmal, L. (2015). Economic Backgrounds, Strategic Guidelines and Cross-Cultural Specificity of Business Relations between Ukrainian Enterprises and Chinese Partners. Economic Processes Management: International Scientific E-Journal, 4.

  16. Kryklii, O. A., & Krukhmal, O. V. (2014). Strengthening the Role of Banks’ Credit Policy in the Mechanism of Credit Provision. Bulletin of the Banking University of the National Bank of Ukraine, 3(21), 66–70.

  17. Krukhmal, O. V., & Baranovska, O. A. (2014). Bank and Banking Product Competitiveness: Influencing Factors and Assessment. Effective Economy, 5.

  18. Kryklii, O. A., & Krukhmal, O. V. (2011). Tools for Assessing Operational Risk in Banks. Economic Analysis, 1(9), 168–172.

  19. Krukhmal, O. V. (2013). Regulation of Non-Performing Loans in Ukrainian Banks: Theoretical and Methodological Aspects. Bulletin of Odesa National University, 18(2), 100–107.

  20. Krukhmal, O. V., & Kryklii, O. A. (2013). The Bank Profit Analysis System. In Proceedings of the All-Ukrainian Scientific and Practical Conference “Financial Mechanism and Accounting-Analytical Support for Sustainable Economic Development” (pp. 84–85).

  21. Kryklii, O. A., & Krukhmal, O. V. (2012). The Bank Financial Analysis System. Economic Analysis, 11(1), 377–383.

  22. Krukhmal, O. V. (2011). Financial Planning in Commercial Banks under Post-Crisis Conditions. Business Inform, 2, 20–21.

  1. Kubakh, T. H., Krukhmal, O. V., Riabushka, L. B., & Zhuravka, O. S. (2026). Guidelines for Completing the Course Paper in the Discipline “Banking Regulation”. Sumy: Sumy State University, 56 p.
  2. Miroshnychenko, O. V., Kryklii, O. A., & Krukhmal, O. V. (2025). Guidelines for Organizing Practical Classes and Independent Study in the Discipline “Bank Accounting and Reporting”. Sumy: Sumy State University, 72 p.
  3. Krukhmal, O. V., & Pavlenko, L. D. (2021). Guidelines for Completing the Course Paper in the Discipline “Bank Lending” (for students majoring in 072 Finance, Banking and Insurance, all modes of study). Sumy: Sumy State University, 19 p.
  4. Krukhmal, O. V., & Pavlenko, L. D. (2020). Guidelines for Completing the Course Paper in the Discipline “Bank Crisis Management” (for students majoring in 072 Finance, Banking and Insurance, all modes of study). Sumy: Sumy State University, 20 p.
  5. Shkolnyk, I. O., Dekhtiar, N. A., Pihul, N. H., et al. (2019). Guidelines for Writing Course Papers. Sumy: Sumy State University, 100 p.
  6. Krukhmal, O. V. (2019). Credit Management: Guidelines for Writing Course Papers. Sumy: Sumy State University, 23 p.
  7. Buriak, A. V., Kryvych, Ya. M., & Krukhmal, O. V. (2017). Guidelines for Independent Study of the Discipline “Banking System”. Sumy: Sumy State University, 91 p.

2026

  • Completed the training program “The Financial Sector of Ukraine Today: Modern Approaches to Risk Management Systems”, organized by the National Bank of Ukraine (26 May 2026).

2025

  • Participated in a Scientific and Pedagogical Internship: “Public Management and Administration Experience of the European Union” at the Institute of Public Administration Affairs, Republic of Poland (20 February – 15 May 2025).

2024

  • Attended the Summer School “Sustainable Development Goals (SDGs): Global Challenges, Local Action, Achieved Outcomes”, University of Liverpool, United Kingdom (1–19 July 2024).

2020

  • Participated in the international capacity-building program “Strengthening Scientific Capacities and Cooperation of Ukrainian Universities in AgriSciences”, which included training in:
    • System Dynamics and Causal Loop Diagrams
    • Statistical Methods
    • Socio-Economic Research
    • Scientific Writing and Publishing
    • Plant Sciences
    • Multi-Level Perspective
    • Multicriteria Decision Analysis
  • Completed an internship under the Deutsche Bundesbank program “Times of Uncertainty: Current Challenges for the European Financial Markets” at the University of Applied Sciences of the Deutsche Bundesbank, Hachenburg, Germany.

2019

  • Completed professional development training “Distance Learning Technologies for University Teachers”, Sumy State University.
  • Participated in the seminar “International Central Banking Week” at the University of Applied Sciences of the Deutsche Bundesbank, Hachenburg, Germany (6–14 April 2019).

2018

  • Completed professional development training in “Data Analysis and Visualization”, Sumy State University (Certificate No. ПК 05408289/00579-18, issued 2 July 2018).

2017

  • Completed professional development training under the program “Innovative Pedagogical Activity”, Sumy State University (Certificate No. ПК 05408289/00399-17, issued 29 December 2017).