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 122
- Downloads 0
Identification of socio-economic concept of «enterprise personnel»
The research of human role in labor process always was an important scientific goal and its topicality is still significant as the current conditions of labor process undergo a dynamic transformation. Therefore, the stud...
State ecological policy of Ukraine and legal mechanism of its formation and implementation
The paper identifies the strategical objectives of state ecological policy, which are declared in official documents of Ukraine for the stage of its independence and due to them, the vectors of the state ecological polic...
Main directions for improvement of education policy tools in the context of sustainable economic development
The article generalizes the arguments and counterarguments within the scientific discussion of education policy. The purpose of the article is to present trends in the development of educational institutions, the analysi...
Regional statistical and economic analysis of small and medium-sized businesses development in Zhytomyr region
Small and medium-sized businesses play an important role in the development of the regional economic system in particular and in solving a number of the following local problems: developing competition, developing the ma...
Architecture and attributes of innovation infrastructure
The innovation constituent of development is the most important element of the transition from industrial to the post-industrial type of society. The innovation infrastructure is one of the most important factors of the...