An analysis of the commercial banks' credit policy implemented in regional financial markets

Abstract

Subject. This article deals with the issues of optimal credit policy of commercial banks in light of the current situation in the Russian regions' financial market and the balance between it and the State monetary policy. Objectives. The article seeks to justify integrated approaches to the formation of banks' effective credit policy in the corporate segment of the regional financial market to supply the gaps in the scholarly literature. Methods. For the study, we used the methods of systems, business, and statistical analyses, classification, comparison, and the method of expert assessment. The Bank of Russia and Russian lead banks' annual reports and financial statements statistics are the information base of the study. Results. The article reveals the reasons for the lack of efficiency in lending to enterprises of the real sector of the economy by banks. It assesses the negative impact of external and internal factors on banks' credit policy. The article substantiates the application of integrated approaches when developing the credit policy of commercial banks and provides recommendations to solve the identified problems. Relevance. The conclusions of the article can be used by specialists of State and municipal governments when developing planned solutions in the area of cooperation between enterprises and commercial banks in order to improve lending to regional businesses.