| Abstract: |
Our article consists of the following 4 parts: - In the first part: documented
the importance of credit risk with the presentation - analysis of the growth
of 6 Greek major financial institutions loan portfolio, for the period 2001 to
2008 and comparison of the loan amount with their own funds and total assets
them (based on published accounts). - In the second part: we refer to the
approval and monitoring procedures that should be followed by banks using the
internal ratings (IRB) methods for corporate loans. Our interest is focused on
linking credit ratings to the terms of financing (collateral costs) and on the
importance of evaluation / assessment and collateral for the balance of
exposures. For typesetting the above is estimated the Risk Weight Assets for
PD rating scale (National Bank of Greece published data) and relevant
Figure/diagram. - In the third part: we analyse the methodology of key
criteria for evaluating the creditworthiness of companies. At the same time
for a short description of Greek Business environment we used the -List Easy
of Doing Business index 2010- of the World Bank and the results of the
assessment of business sectors in Greece according to the model of Credit Risk
Tracker Greece's Standard & Poor's, as published by the Hellastat. (The key
criteria for evaluating creditworthiness of companies mainly come from
research on the websites of the companies Fitch, S & P, Moody's KMV,
Hellastat, Easy of Doing Business index). - In fourth part: presented,
properly treated, the results of empirical research conducted through
distribution of questionnaire to 25 experienced in Risk Management,
executives, which was called to assess 20 companies on the basis of their
specific quantitative and qualitative characteristics. Finally it is noted
that in this final part are also presented all the findings and related
conclusions, resulting from the scientific research throughout this paper. |