FOUNDATIONS OF CREDIT POLICY DEVELOPMENT AND IMPLEMENTATION

Abstract

Ensuring financial stability, first of all, implies defining the fundamental directions of the credit policy implemented by banks, defining the management structures of banking and external (general) risks arising during their activity, and acting as one of the priority tasks of all central banks of the world. The quality of the bank's management is ex-pressed by the existence and content of the bank's policy, the rational organization of the bank's structure, which allows for solving strategic and current problems at a high level, related to the development of the appropriate mechanism for the management of assets and liabilities, many processes related to the adoption of the most responsible mana-gerial decisions. with a clear definition of content. What is important is not only having a formal policy but how much that policy contributes to the bank's operations. The policy should correspond not only to the specific characteristics of the bank but also to the strategic issues. The scope of the policy may vary depending on the size of the bank, the nature of operations, and the services provided. It should contribute to the coordi-nation of the activities of the relevant structural divisions of the bank, including plans for overcoming unforeseen cases and unforeseen situations. Therefore, we found it appropriate to study the credit policy development and implementation criteria and their characteristics in international banking practice.