Formation of the mechanism for credit asessment of borrowers in conditions of economic instability
Journal Title: Вісник Житомирського державного технологічного університету. Серія: економіка, управління та адміністрування - Year 2016, Vol 76, Issue 2
Abstract
The article investigates the state of the credit portfolio of banks in the conditions of instability of the environment and the development of the credit rating of the borrower as a mechanism to prevent the direction of growth of bad debts. The research of the state and dynamics loan portfolio has revealed its sharp deterioration in recent years due to the instability of the external macro environment. The need to reduce the volume of bad debts requires the formation of an adequate mechanism for the borrower's credit rating. Under the mechanism defined in the article the subject-object interaction and providing subsystems have aimed at making management decisions about credit and credit determination capabilities of the enterprise. The authors propose the composition of such a mechanism from the position of a system approach with the subject-object allocation and providing subsystems. As a part of providing credit subsystems the article has allocated a methodological, methodical, information, personnel and organizational support. The article has formed the basic methodological principles of credit rating, namely a comprehensive assessment; the accuracy of the assessment; the progressiveness of the assessment; an objective assessment; professionalism; reality evaluation. Using the proposed credit assessment the mechanism in practice will enhance the effectiveness of the credit relationship between the bank and the borrower.
Authors and Affiliations
N. G. Vygovska, V. G. Vygovskyy, G. Simeonova
Keywords
Related Articles
- EP ID EP265577
- DOI -
- Views 124
- Downloads 0
Approaches to defining the concept of «financial potential» as an object of economic analysis
The research analyzes the works of scientists who studied the issues of financial potential as an economic category. Due to analyzing the approaches of the scientists to the concept of "financial potential" the author id...
Features of using anti-crisis potential in anti-crisis management for overcoming crises in the enterprise
The subject of the research is the anti-crisis potential of the enterprise. The purpose of the work is to investigate the peculiarities of using anti-crisis management of anti-crisis potential to overcome various types o...
Communication impact on achieving public organization goals
Employees are the most valuable resource of any organization regardless of whether it is a public or private organization. The effective functioning of the organization depends on many factors, but the key role is played...
Background effects of emergencies on indicators of economic analysis of enterprise economic activity
The paper deals with the study of scientific works on the issue of formation and development of organizational and methodological regulations of accounting and analytical support of the economic activity of an enterprise...
Сryptocurrency as an object of economic analysis in insurance companies
The article is devoted to topical issues of economic nature of cryptocurrency and development of the theoretical approaches for its analysis in insurance companies. The attention has been focused to risks and opportuniti...