Evaluation of credit ability of borrowers on the basis of modeling financial processes

In most Russian banks, forecast indicators are not used to assess the creditworthiness of borrowers. The assessment is based on an analysis of current performance indicators. Moreover, the use of forecasting methods is advisable from the point of view of improving the quality and information content of reporting, as well as reducing the degree of credit risk. The construction of forecast models for assessing the creditworthiness of the borrower will clarify the existing assessment mechanism and make a more informed decision on the issuance of credit.