Methodology for assessing credit of legal entities in commercial banks

Many commercial organizations in the course of their activities need additional funds (for the purchase of new equipment, materials or other purposes), which they can obtain by taking a loan from commercial banks. Lending to legal entities and individuals is one of the primary services of commercial banks, and they cannot do without such a procedure as assessing the creditworthiness of a potential borrower in order to assess the risks of loan default. The article considers the methodology for assessing the creditworthiness of legal entities in commercial banks. The stages of the issuance of credit funds (based on the materials of the joint-stock company «Rosselkhozbank»), non-financial and financial analysis of the assessment of the creditworthiness of a legal entity are presented.