СТАНДАРТИЗАЦИЯ КАК ФАКТОР СНИЖЕНИЯ РИСКОВ КРЕДИТОВАНИЯ ИНВЕСТИЦИОННЫХ ПРОЕКТОВ

Abstract

Investment bank lending to enterprises of the real sector of the economy is an important source of long-term financial resources, a necessary condition for the progressive, innovative development of the economy. The increase of credit debt by14.3% for a period of 1-3 years and by 21.2% for a period of more than 3 years in the last time is the evidence of emerging positive course in the volume of financing of investment projects of companies. There have been given data on weighted average interest rates of banks on lending and deposit operations in January and May in 2018. Despite the positive dynamics of the volume of long-term lending to the real sector of the economy by Russian commercial banks, there are still factors constraining this process: specific risks inherent in this product line, as well as management errors in the evaluation of investment projects. The risks include the factors related to the prospects of development of the borrower's business, the future state of the industry. Management errors include insufficient consideration of the impact of macroeconomic factors (inflation, etc.), incorrect calculations of the initiators' participation in the project, etc. It has been stated that risks and errors can be minimized by using a process approach to management, in which each structural unit of the credit institution ensures implementation of specific business processes, in which it participates. It has been inferred that one of the effective ways to improve the business process of lending to investment projects in order to reduce transaction risks is its standardization. There have been listed several quality standards of banking processes approved by the Association of Russian Banks. It has been proposed to introduce the Standard of the process of lending investment projects into the practice of banks. There has been worked out the matrix of requirements for the components of the process reflecting the content of the current practice of leading credit institutions working in the field of investment lending.