INVESTIGATION OF THE RISKS OF LENDING TO THE POPULATION BY COMMERCIAL BANKS IN THE RUSSIAN FEDERATION

Abstract

Timely repayment of loans issued to individuals is an urgent problem for many commercial banks. Numerous studies of commercial bank failures prove their dependence on credit risk. The purpose of this article is to study the risks inherent in commercial banks when lending to individuals, as well as to identify ways to minimize them. The authors pay attention to innovations in consumer lending in the current period of time. The article states that in order to reduce the risks of consumer lending, it is necessary to keep low interest rates on the loan, develop an individual approach to each borrower and at the same time take into account his standard of living. The authors conclude that the most reliable method of reducing credit risk is insurance, which is achieved by providing guarantees to creditors regarding the repayment of the debtor's payment schedule in the event of his insolvency. It is also necessary to increase the line of loans for a short-term period; write off borrowed funds immediately from the accrued salary; create a single simplified internal customer base for employees so that employees of different departments (hotline or credit office) can immediately find all available information about the client.