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Improving the Credit Rating of Loan Recipients Implementing Long-Term Investment Projects

Nataliya G. Filatova ()
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Nataliya G. Filatova: Siberian Institute of Management — branch of RANEPA, Novosibirsk 630102, Russia

Finansovyj žhurnal — Financial Journal, 2019, issue 4, 102-115

Abstract: Development of the long-term investment market is a condition for the formation of the main factors of economic growth and successful implementation of long-term infrastructure projects in modern Russia. The role of bank lending for long-term investment projects is to increase against the background of the consequences of the economic crisis and budget deficit. The article presents bank performance indicators for financing of long-term investment (infrastructure) projects. The author draws a conclusion on the dominant position of banks with state participation in long-term lending. The article considers the factors affecting the tendency of banks to long-term lending. The author also analyzes the practical experience of large domestic banks’ participation in financing of long-term investment projects. Problems and credit risks of long-term investment projects are identified. In conclusion, the author formulates recommendations on the directions and tools to improve the system for assessing the credit risks of investment projects in commercial banks. It is recommended to supplement this system with indicators of the structure of long-term investments, profitability of permanent capital and stability of the loaner’s efficient operation, as well as to ensure additional consideration of risk factors. The author defines the measures to expand the practice of syndicated lending, improving the mechanism providing state guarantees, and developing tools for cooperation between the bank and the loaner as promising areas for the development of long-term loans.

Keywords: long-term loans; investment projects; infrastructure development; assessment of credit-worthiness (search for similar items in EconPapers)
JEL-codes: C22 C53 H20 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.31107/2075-1990-2019-4-102-115

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