IJSSER

Title: THE WAYS TO IMPROVE CREDIT RISKS ASSESSMENT METHODS
Authors: Valeri Mosiashvili , Liana Kanchaveli and Medea Chelidze
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Valeri Mosiashvili1 , Liana Kanchaveli2 and Medea Chelidze3 1. Professor, Georgian National University SEU , Dean of Business and Technology faculty, Tbilisi, Georgia 2. Professor, Georgian Technical University Department of Control Systems, Tbilisi, Georgia 3. Professor, Georgian Technical University Department of Financial and Banking Technologies, Tbilisi, Georgia
MLA 8 Mosiashvili, Valeri, et al. "THE WAYS TO IMPROVE CREDIT RISKS ASSESSMENT METHODS." Int. j. of Social Science and Economic Research, vol. 7, no. 11, Nov. 2022, pp. 3794-3808, doi.org/10.46609/IJSSER.2022.v07i11.016. Accessed Nov. 2022. APA 6 Mosiashvili, V., Kanchaveli, L., & Chelidze, M. (2022, November). THE WAYS TO IMPROVE CREDIT RISKS ASSESSMENT METHODS. Int. j. of Social Science and Economic Research, 7(11), 3794-3808. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i11.016 Chicago Mosiashvili, Valeri, Liana Kanchaveli, and Medea Chelidze. "THE WAYS TO IMPROVE CREDIT RISKS ASSESSMENT METHODS." Int. j. of Social Science and Economic Research 7, no. 11 (November 2022), 3794-3808. Accessed November, 2022. https://doi.org/10.46609/IJSSER.2022.v07i11.016.
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ABSTRACT: This article discusses the most widely used credit risk assessment methods in the world banking sector, theory and practice, such as - Operational Risk Capital (ORC), Standard Operating Risk Assessment Method, TSA, VAR, Risk Method Risk Assessment Method Shortfall. As proven by best practice, these methods do enable the identification of credit risks in the banking sector, the implementation of preventive measures and minimization, but require further updating and refinement. Adequate, modified and sophisticated credit risk assessment methods for the banking sector are discussed in our article, which addresses the shortcomings of existing risk assessment methods and provides the author's visions / position for their improvement. Given the Application-Scoring Method of Credit Risk Assessment, a new authorial version of the Georgian banking sector, in particular the Fraud-Scoring System for Potential Borrowers, Behavioral-Scoring - a type of check that allows predicting the future solvency of the client. Consider some "Behavioral" factors, such as how a client will use credit, whether he or she will pay taxes in the appropriate amount and on time, will use the credit card limit immediately if he / she uses the money in installments, and much more. We also discussed - one of the "most inconvenient types of borrowing" of the borrower - Collection-scoring, which is quite important for the development of arrangements for working with overdue clients.

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