Financial risk management of credit of innovative projects of agroformations

Abstract

It has been proved that lending of investment and innovation activities of agricultural enterprises inherent one of the highest risks among all active banking operations. Risk management is an important part of banking. Bank lending requires scientific and methodological innovations. The problem is urgent because of the high dynamics of the internal state and external economic environment of each credit institution. Establishing credit limits reduces risk and improves the financial stability of the creditor. The study has identified methodological approaches to setting credit limits. We have come to the conclusion that the practice of domestic banks uses mainly traditional approach to limiting - as a percentage of the value of collateral - due to borrowers asset. Their basis is the implantation of an already existing risk management system of domestic banks, such as the structural and logical framework of risk management of lending innovation projects of agroformations. Risk management in certain areas of banking activity is concentrated around certain types of banking products, combined with an appropriate portfolio. In the system of identification and risk assessment the key operational role belongs to reliable and sufficient information base for representativeness. It has been improved the integrated risk management of lending innovation projects of agroformations. In the process of analyzing the credit risk of the procedure it has been performed its identification, which implies the most significant areas. On the basis of the analysis, evaluation and identification of emerging risks the individual innovation project is proposed for lending risk matrix. It is a basic element for the decision to grant the loan, choosing a specific type of credit product, determination of credit limits, forming a system of monitoring and controlling of risk. The introduction of new items into the practice of risk management investment lending will help to expand opportunities for agricultural enterprises concerning the financing of their perspective economic development.