Estimation procedure of credit risk of commercial bank credit risk

The article is devoted to the present-day approaches to credit risk estimation. This work is actual in itself due to a significant increase of overdue accounts payable in the banking sector. Today there are various techniques of assessment and management credit risks, by using credit ratings made by the leading rating agencies. However, Russian Banks have no practice to organize the common system-based approach to credit risk estimation, which would allow the most accurate determination of the risk level. Based on the conducted research the author proposes a series of measures to build an integrated credit risk estimation system, which will meet all the effective risk-management requirements, consider the recommendations of the Bank of Russia and requirements of industry standards.