Development of a scoring model for credit risk assessment

The creditworthiness of borrowers was investigated on the basis of the bank's client base. Factor space was formed to formalize and explain the differences between the classes of former borrowers. Factors that contribute most to the distinction between classes have been identified. As a result of the discriminatory analysis, a scoring model of credit risk assessment has been developed, which allows to adequately and quickly assess the creditworthiness of the bank's potential client, which contributes to the growth of competitiveness in the lending market.