scholarly journals Methods of assessing the creditworthiness of the natural person borrower

2020 ◽  
pp. 170-177
Author(s):  
Svitlana Kucherenko ◽  
Oleh Kucherenko
Keyword(s):  
Credit Scoring ◽  
Point System ◽  
Successful Operation ◽  
Advantages And Disadvantages ◽  
Financial Condition ◽  
Natural Person ◽  
Analysis And Synthesis ◽  
Banking Institutions ◽  
Banking Institution ◽  
Graphical System

The purpose of the study is to analyze the methods of assessing the creditworthiness of the natural person borrower in terms of feasibility of its applying in various types of lending, as well as to provide the recommendations on the most effective method of implementing such an assessment in banking institutions practice.  Both general scientific and special methods of scientific knowledge have become the methodological basis of the article. In the process of writing the article the following methods were used: dialectical, economic comparisons and generalizations, grouping, graphical, system-structural analysis and synthesis. Results of work. In the article the modern methods of assessing the creditworthiness of the natural person borrower used by banking institutions in their practice are thoroughly investigated. The advantages and disadvantages of using each of them and the feasibility of applying different methods in providing various types of loans are substantiated. It is determined that the most promising method of assessing the creditworthiness of the natural person borrower is credit scoring.  The implementation of these recommendations will lead to the improvement and acceleration in providing the quality banking services for the client, as well as to the successful operation of the banking institution. Conclusions. The financial condition of the bank as a whole depends on the quality of assessing the creditworthiness of borrowers. Most often, the examination of the creditworthiness of individual borrowers is carried out on a point system for assessing the clients’ reliability. Based on the analysis of qualitative and quantitative indicators, the bank makes a conclusion about the reliability of a potential borrower and gives the assessment to the creditworthiness of the borrower. In considering the financial situation and economic condition of a potential borrower all the details are important, otherwise the bank may be at risk and suffer great losses. At the same time, the complexity of assessing the creditworthiness of the borrower makes financial institutions to apply the different approaches to evaluation methods. Careful clients’ selection based on the assessment of the borrower's creditworthiness allows the bank to minimize its credit resources loss.

scholarly journals FINANCIAL CONDITION OF THE BANK IN THE SECTION OF THE REFORMING OF THE BANKING SYSTEM OF UKRAINE

2017 ◽  
pp. 122-129
Author(s):  
Ilona Semencha ◽  
Oleksii Pysmennyi
Keyword(s):  
Structural Changes ◽  
Banking Sector ◽  
Banking System ◽  
Regulatory Requirements ◽  
Financial Condition ◽  
Reform Program ◽  
Systemic Risks ◽  
Banking Institutions ◽  
Banking Institution ◽  
The Impact

The urgency of the study is connected with the structural changes in the economy, in particular in the banking system, which have a decisive influence on the functioning of banking institutions and on the results of their activities. During the 2014-2017 years, the banking sector was cleaned up from participants who were not able to comply with the regulatory requirements of the regulator, due to which the study of this topic is of such interest. The article summarizes the main tasks of recent economic reforms in Ukraine. The impact of these reforms and their implementation tools in the country on the activities of individual banks is studied. The analysis is conducted on the example of assessing the financial condition of JSC "Ukreximbank" as systemically important and bankruptcy or inappropriate functioning of which may create systemic risks for the financial system of the country. The possibility of a separate bank to fulfill the tasks set during the reforming is determined. The results show that significant changes in the financial position of the banking institution occurred during the transition from the requirements of one reform program to another. The study of this issue should continue in order to establish the feasibility and possibility of introducing certain tasks in the reform of the banking sector of Ukraine.

scholarly journals Analysis and developmentof financial policy in the oil and gas industry

2019 ◽  
Vol 11 (6) ◽  
Author(s):  
Kristina Salnikova
Keyword(s):  
Oil Recovery ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Financial Policy ◽  
Successful Operation ◽  
Gas Industry ◽  
Subsequent Formation ◽  
Financial Condition ◽  
Management Measures ◽  
Analysis And Synthesis

The problem of choosing a financial policy for the organization's activities is relevant due to the need for decision-making in market conditions. Based on the conducted research, it is concluded that the company's finances always have a monetary form, have a distribution character and are reflected in the form of income and savings of various economic entities, including the state. Any business activity needs to develop an effective financial policy, due to which the successful operation of the enterprise is carried out, the competitiveness of the company in the market is ensured. In the article, the goal is to develop and evaluate the effectiveness of the company's improved financial policy on the example of LUKOIL. In order to achieve this goal, the author solved a number of problems: the analysis of the financial condition was carried out; the current financial policy of the Corporation was evaluated; the efficiency of the new financial policy of the Corporation was developed and evaluated. The result of the work is to identify the purpose of introducing an effective financial policy of LUKOIL – creating new value, ensuring high profitability, providing high income to shareholders by increasing the value of assets of LUKOIL, as well as paying cash dividends. The prospect of further development of the company's financial activities should include: the creation of new fields, intensification of production at existing fields, using the latest technologies and increasing the volume of production drilling, as well as the number of well operations aimed at increasing oil recovery. The research methodology is based on a set of theoretical and empirical research methods: description, comparison, analysis and synthesis of the source material with the final generalization of the results and making a single judgment. The scope of the research results is related to the subsequent formation of proposals and recommendations for the development of organizational, legal, methodological, technical, technological, economic and other management measures in the oil and gas industry.

THE APPLICATION OF WELLBEING RESEARCH TO REGIONAL LEVEL IN LITHUANIA

2015 ◽  
Author(s):  
Gintarė VAZNONIENĖ ◽  
Bernardas VAZNONIS
Keyword(s):  
Social Sciences ◽  
Regional Development ◽  
Good Practice ◽  
Research Problem ◽  
Regional Level ◽  
Advantages And Disadvantages ◽  
Foreign Countries ◽  
Analysis And Synthesis ◽  
Key Factor ◽  
Development Context

In this article the significance of wellbeing research in the regional level in Lithuania has been analyzed, the advantages and disadvantages of the objective and subjective wellbeing research have been evaluated. The results of the analysis of wellbeing research reveal that the wellbeing research in the regional level is poorly amplified, the wellbeing research in the social sciences is not marked, the wellbeing is investigated in other fields not in social sciences or according to the aims of the researher and more often causes and outcomes of social economical inequality for regional development are emphasized. Scientific studies show that wellbeing research can have big influence for shaping the future of regions because it concerns local people, their choices and overall wellbeing of a particular region. Findings from foreign countries good practice disclose that wellbeing is currently widely used as a key factor and trend for the development policy evaluation. Accordingly in this article big attention is drawn to wellbeing research possible effect for policymakers. It can be concluded that wellbeing research should become an important discussion object in the regional development context because it reveals the situation about people overall wellbeing and particular life domains. The main aim of this article is to analyse the importance of wellbeing research to regional level in Lithuania. The research problem of this article is the fact that the poor experience of wellbeing research in Lithuania insufficiently reveals the wellbeing expression and use in the regional level. In the research common research methods like analysis and synthesis of the scientific literature, analysis of documents and comparative analysis have been employed.

Modernizing the lending facility under concession agreements

2020 ◽  
Vol 26 (7) ◽  
pp. 1590-1609
Author(s):  
V.A. Rakhaev
Keyword(s):  
Financial Structure ◽  
Bank Lending ◽  
Early Termination ◽  
Scientific Methods ◽  
Financial Condition ◽  
Revenue Collection ◽  
Analysis And Synthesis ◽  
Financing Mechanism ◽  
General Scientific ◽  
The Russian Federation

Subject. The article addresses modernization of lending facilities under concession agreements. It is important for evaluating the terms of credit transactions, effectiveness of credit projects, and the concessionaire's ability to repay the loan. Objectives. The purpose is to review the current financing mechanism and underpin approaches to improving the credit facilities within concession agreements. Methods. The study rests on general scientific methods, like the systems and logical analysis and synthesis, principles of induction and deduction, financial calculation techniques. The analytical part employs the balance method, methods of financial coefficients and the method of technical and economic estimates. Results. I analyzed the financial structure and special characteristics of concession agreements, parameters of concessionaires’ activities; considered the types of risks inherent in bank lending under concession agreements, methods for their identification and mitigation; offered a mechanism of lending, including the structure of credit transactions, restrictions for the financial condition of concessionaires, additional requirements and penalties for their non-fulfillment. The findings can help banks define lending parameters for concession agreements. The provided recommendations may be useful for consideration by the authorities of the constituent entities of the Russian Federation. Conclusions. It is possible to reduce the risks of lending under concession contracts, if their terms and conditions are stable, and if the lost income of concessionaires is compensated in the event of early termination. Reasonable tariffs for works and services and increased revenue collection will promote this type of lending.

An approach to neural network analysis of text information in the economic assessment of companies

2021 ◽  
Vol 20 (8) ◽  
pp. 1574-1594
Author(s):  
Aleksandr R. NEVREDINOV
Keyword(s):  
Natural Language Processing ◽  
Natural Language ◽  
Language Processing ◽  
Text Analysis ◽  
Economic Assessment ◽  
Management Decision ◽  
Textual Information ◽  
Financial Condition ◽  
Analysis And Synthesis ◽  
Management Decision Making

Subject. When evaluating enterprises, maximum accuracy and comprehensiveness of analysis are important, although the use of various indicators of organization’s financial condition and external factors provide a sufficiently high accuracy of forecasting. Many researchers are increasingly focusing on the natural language processing to analyze various text sources. This subject is extremely relevant against the needs of companies to quickly and extensively analyze their activities. Objectives. The study aims at exploring the natural language processing methods and sources of textual information about companies that can be used in the analysis, and developing an approach to the analysis of textual information. Methods. The study draws on methods of analysis and synthesis, systematization, formalization, comparative analysis, theoretical and methodological provisions contained in domestic and foreign scientific works on text analysis, including for purposes of company evaluation. Results. I offer and test an approach to using non-numeric indicators for company analysis. The paper presents a unique model, which is created on the basis of existing developments that have shown their effectiveness. I also substantiate the use of this approach to analyze a company’s condition and to include the analysis results in models for overall assessment of the state of companies. Conclusions. The findings improve scientific and practical understanding of techniques for the analysis of companies, the ways of applying text analysis, using machine learning. They can be used to support management decision-making to automate the analysis of their own and other companies in the market, with which they interact.

Design Analysis of CIMB Bank’s Website

2013 ◽  
Vol 66 (1) ◽  
Author(s):  
Muhammad Ridhwan Ab. Aziz ◽  
Mohammad Mahbub Alam Noorizzuddin Nooh
Keyword(s):  
Design Analysis ◽  
Islamic Banking ◽  
Website Design ◽  
Islamic Banks ◽  
Future Researcher ◽  
Market Shares ◽  
The World ◽  
Banking Institutions ◽  
Banking Institution ◽  
Conventional And Islamic Banks

Islamic banking has emerged in recent decades as one of the most important trends in the financial world, side by side with conventional banking. Website design has become a very powerful tool in disseminating information of a particular banking institution and this phenomenon has been fully utilized by both conventional and Islamic banks throughout the world. The purpose of this article is to analyze website design of CIMB Bank that offers both conventional and Islamic financing facilities. The methodology employed in this article is qualitative in nature through examining the websites of CIMB Bank. The finding shows that CIMB Bank needs to improve their both website designs in order to attract more customers to their websites and give true information with regard of their products and services. It is further suggested that future researcher tries to explore more in-depth website designs in terms of products and services provided by the conventional and Islamic banking institutions in order to increase their market shares. 

scholarly journals Management of BAIS: Technological Trends and Digital Initiatives 4.0

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 88-99
Author(s):  
Kateryna Kraus ◽  
Nataliia Kraus ◽  
Oleksandr Marchenko
Keyword(s):  
Information System ◽  
Banking Sector ◽  
Scientific Research ◽  
Cloud Services ◽  
Network Systems ◽  
Platform As A Service ◽  
Automated Information System ◽  
Banking Institutions ◽  
Banking Institution ◽  
Cloud Technologies

Successful operation of modern banking institutions significantly depends on the use of the latest information and communication technologies in process management, from motivation and communication with staff, to remote control of banking operations. Purpose of scientific research is a study of the principles and features of banking automated information system in terms of implementation of the latest information and cloud technologies by banking institutions. The object of scientific research is banking automated information system of banking institutions. The result of the article: research proved that the creation and selection of banking automated information system of banking institution is based on the planning of all systems related to the functioning of the complete infrastructure of the bank, built on information technology; the causes and consequences of various risk situations by channels of their occurrence (information Web-site, e-mail, network systems, system failures, electronic payment systems and data transmission systems, electronic channel) in the banking sector as a result of using a bank automated information system are substantiated; key areas of banking automated information system and the elements of the system of risk situations that arise in the banking sector as a result of the use of banking automated information system are described; main requirements for information support of banking institution and the main criteria for choosing banking automated information system of a banking institution are identified. Practical implications: priority ways of overcoming the risks of introduction of banking automated information system are offered, taking into account the scope and spread of risks. At the same time, the methods of providing cloud services used by banking institutions were evaluated. Value/originality: the introduction of a banking automated information system of a banking institution today is impossible without the use of cloud technologies (infrastructure as a service – IaaS, software as a service – SaaS, platform as a service – PaaS), each of which has a number of strengths and weaknesses.

scholarly journals Effective budgeting as a priority of the company›s development

2021 ◽  
Vol 16 (2) ◽  
pp. 46-53
Author(s):  
S. B. Kashkimbayev ◽  
A. N. Zhakupov
Keyword(s):  
Modern World ◽  
Budget Process ◽  
Budget Management ◽  
Subsequent Formation ◽  
Financial Condition ◽  
Analysis And Synthesis ◽  
Fierce Competition ◽  
The Right ◽  
Methodological Aspects ◽  
The Impact

In the modern world, in the conditions of economic instability and fierce competition, companies need to have effective tools that can provide an opportunity to study the current financial condition, compare cash inflows and outflows, approve the right decisions that contribute to the subsequent formation and development of the enterprise, as well as optimize management costs. In a company, such an important tool for financial planning, as well as control, is budgeting.This article discusses the tasks, goals, methods, disadvantages and advantages of budgeting, illustrates the full continuous cycle of budget management and the stages of development of the concept of budgeting. In addition to the theoretical aspects, the article considers the empirical and methodological aspects. The purpose of this article is to generalize the theoretical provisions and develop the organizational and methodological aspects of the application of budgeting and the impact of effective budgeting on the development of the overall company. The article uses complex and systematic approaches to the processes and phenomena under study, which is achieved through the methods of analysis and synthesis, review and collection of information, statistical analysis, scientific abstraction and visualization.In the conclusion of the article, the conclusions are made, that a properly formed concept of budgeting, improvement of methods and elements of the budget process will make it possible to manage the capital, as well as a single commercial, and the company as a whole, establishing the sequence of business types, terms and trends of restructuring. This will allow the owners of companies to adapt their business in time to all possible changes in market conditions.

scholarly journals TECHNICAL CONDITION OF CORRUGATED METAL TRANSPORT STRUCTURES

2021 ◽  
pp. 38-50
Author(s):  
J. J. LUCHKO ◽  
V. V. KOVALCHUK
Keyword(s):  
Bearing Capacity ◽  
Technical Condition ◽  
The Body ◽  
Soil Environment ◽  
Metal Structures ◽  
Advantages And Disadvantages ◽  
Methods Of Calculation ◽  
Analysis And Synthesis ◽  
The Impact ◽  
Corrugated Metal

Purpose. The purpose of the work is to establish the real technical condition of transport structures made of corrugated metal structures on the basis of the analysis of scientific and technical sources.And to analyze the experience of operation of metal corrugated structures in the soil environment and to form and generalize the problems of ensuring the reliability and durability of structures made of metal corrugated structures in the conditions of operation on railways and highways of Ukraine. Methodology. To achieve this goal, a review of scientific and technical sources and regulations of different countries on the technical condition of transport facilities in Ukraine was conducted. In particular, data on the distribution of bridges and pipes made of corrugated metal structures by mode of transport are given. It is shown that the development and implementation of new technologies for the repair of existing defective pipes and small bridges, both on the railways and highways of Ukraine is a very important issue. A thorough analysis of the experience of operation of corrugated metal structures in the soil environment in different countries was conducted. Data on the main inadmissible defects of pipes and the reasons of their development are given. CMS' (corrugated metal structures) corrosion and other defects are given. A number of examples of overpass defects, collapse of bridges and structures with MCS in operation are presented. The qualitative indicators of metal corrugated structures, their advantages and disadvantages are also considered, the problems and the analysis of ensuring the reliability and durability of the structures with CMS in the conditions of operation on the railways and highways of Ukraine are formulated. Findings. An analysis of domestic and foreign scientific and technical sources on the technical condition of transport facilities in Ukraine was conducted. In particular, the experience of operation of corrugated metal structures in different countries of the world is studied and generalized. The analysis and synthesis of problems of ensuring the reliability and durability of buildings with CMS in the conditions of operation on the railways and highways of Ukraine. Originality. As a result of the analysis of the technical condition of transport facilities operated on railways and highways of Ukraine, it was found that about 15 % of transport facilities – small and medium bridges and culverts on Ukrainian railways and about 45 % of transport facilities on Ukrainian roads have unacceptable defects and require immediate repair and replacement. Also, it was established on the basis of research that there are no methods for assessing the load-bearing capacity of transport facilities with CMS in the presence in the body of the embankment of the railway or highway metal corrugated structures with a diameter greater than 6 m. It was determined that standards don't include regulations on design and monitoring of CMS on railway tracks. Practical value. On the basis of these data it was possible to offer directions of theoretical and experimental research and methods of calculation, tests of CMS and diagnostics of a technical condition of transport structures with CMS. In particular, the measurement of the impact of the environment on the bearing capacity of the CMS and the measurement of residual deformations of the corrugated metal pipe on the railway track. Execution of the analysis and synthesis of methods of calculation of transport constructions with CMS will lead to improvement of methods of calculation of CMS.

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