Credit risk management methods to minimize fraud

Методы управления кредитным риском для минимизации случаев мошенничества

Mikhail Yu. Kolinichenko (Колиниченко М.Ю.) and Makar G. Shadiyan (Шадиян М.Г.)
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Mikhail Yu. Kolinichenko (Колиниченко М.Ю.): South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration
Makar G. Shadiyan (Шадиян М.Г.): South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration

State and Municipal Management Scholar Notes, 2024, vol. 2, 108-113

Abstract: Modern economic realities, strict monetary policy, high level of competition among small and me-dium-sized businesses, damage to banks from fraudulent schemes actualize the issues of credit risk manage-ment methods and the development of tools to minimize losses from fraud. In world practice, about two hundred methods of assessing the creditworthiness of a borrower are used, but the question of how to manage credit risks in order to minimize the degree of fraudulent actions on the part of legal entities remains relevant. The relevance is increasing, including the desire of credit institutions to increase the level of economic security and the quality of the loan portfolio and the emergence of new fraud schemes on the part of unscrupulous borrowers.

Keywords: bank; loan; borrower; creditworthiness; credit risk; fraud; loan portfolio (search for similar items in EconPapers)
Date: 2024
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