Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

11/15 14:19   Inter RAO expecting net profit to grow in 2019 (Part 2)
 
11/15 14:17   Inter RAO not to use quasi-treasury share stake for M&A deals, it is needed to attract strategic investor going forward (Part 2)
 
11/15 14:16   Russian Academy of Sciences unanimously condemns FIAN searches' manner
 
11/15 14:15   Inter RAO capex to total 24 bln rubles in 2019 (Part 2)
 
11/15 14:14   Textile holding Surya Group, India's Reliance Industries have shown interest in stake in Detsky Mir - newspaper
 
11/15 14:10   Criminal case opened over Sisim River pollution as result of dam collapse in Krasnoyarsk Territory
 
11/15 14:06   Russia to respond symmetrically to pardoning of 2 convicted Russian spies in Lithuania - SVR head
 
11/15 14:00   MICEX and RTS Indexes at 14:00 MSK
 
11/15 13:57   Inter RAO to disclose plans for treasury share stake in new strategy
 
11/15 13:56   Inter RAO expecting net profit to grow in 2019
 





 Subscription
You can access a demo version of, recieve more information about or subscribe to Interfax publications by filling in and sending the form below.

First name:


Last name:


Company:


Division:


E-mail:


Phone:


Country:


City:


Please enter the digits in the box below:

 

Interfax.com  |  Press-releases  |  UCB, Interfax develop system for evaluating SMEs‘ credit risks



Press releases


October 31, 2019
UCB, Interfax develop system for evaluating SMEs‘ credit risks

Interfax and the United Credit Bureau (UCB) have launched an analytical service for evaluating companies‘ credit risks intended to boost the access of small and medium-sized enterprises (SMEs) to bank financing.

The new service makes use of the UCB‘s accumulated credit histories of legal entities and individuals (founders and managers of companies), as well as comprehensive data from SPARK-Interfax, Russia‘s leading system for evaluating business risks.

Aggregate credit risk assessments (SPARK-UCB Business Scoring) are generated using all available data about the businesses in question, processed according to a method developed by UCB and Interfax analysts. The service also envisages the development of customized models for evaluating borrowers‘ credit ratings at the request of banks.

"The launch of Business Scoring is our response to increased interest among banks in financing for small businesses," said UCB General Director Artur Aleksandrowicz. "Our clients are increasing their portfolios of loans for small businesses, bringing new products to the market, launching pipelines for issuing loans to businesses. All of this requires automation of crediting processes and is creating demand for new analytical instruments. In order to support the trends that have taken shape in financing businesses, we‘re now providing banks with a real-time, high-quality, accessible tool for assessing companies‘ risks."

"Statistics show that financing hasn‘t extensively penetrated micro and small business; only 5% of acting companies have active loans, though among individuals the share exceeds 50%," said Interfax‘s Executive Director Vladimir Gerasimov. "Thus, the potential for growth in financing for small business is high, and our new service should help uncover this potential and increase the accessibility of bank financing for small business."

As part of the project, the UCB and Interfax carried out a comprehensive analysis of the Russian market of financing for small businesses. A survey showed that most entrepreneurs currently consider the process by which banks assess their loan applications to be complicated, long, and opaque. A detailed analysis of missed payments in the SME segment showed that the real level of defaults (accounting properly for debts accumulated in previous years and analyzing credit portfolios by generation) has fallen to under 3%.

"Lending volumes fell after the decline of 2013-14. No one bank had sufficient accumulated statistics to develop models for assessing risk on its own," Aleksandrowicz said. "UCB and Interfax save all available statistics on companies, the credit histories of practically every judicial entity, and also have more than ten years of experience calculating scores. All of this allows us to solve the market‘s current problem, which is the lack of high-quality models for assessing businesses."

SPARK-Interfax is the widely acknowledged industry standard in the Russian market of services related to assessing credit risks and ensuring business security. The system is used to conduct due diligence on counterparties and manage risks and receivables. According to a survey carried out by Deloitte, 71.5% of large and medium-sized companies use SPARK to evaluate potential partners. SPARK data on companies is used to calculate analytical ratings such as the Financial Risk Index, Due Diligence Index, and Payment Discipline Index.

The United Credit Bureau stores the credit histories of 90 million individuals and 0.5 million judicial entities. It provides services for every stage of the loan pipeline, from the receipt of credit reports and calculation of scores to comprehensive solutions, including outsourcing the processing of loan applications, portfolio monitoring, and fighting fraud. The Bureau‘s shareholders are Sberbank, Experian, and Interfax.

 more press-releases 

 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Natural Gas Daily
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:


Interviews
 

.
Cooperation between OPEC and non-OPEC countries, foremost Russia, has lasted for three years already and in this time the oil market has seen shakeups that have threatened to cause a split within OPEC and jeopardized the fate of the OPEC+ agreement to curb oil production in order to balance the market. OPEC Secretary General Mohammed Barkindo spoke with Interfax on the sidelines of the 16th annual meeting of the Valdai Club in Sochi about how decisions are made and OPECs position regarding geopolitical events that have hit oil markets.

more
.
.
U.S. Ambassador to Russia John Huntsman, who will leave his post in early October, has given an interview to Interfax in which he speaks about exchanges at the highest level between Moscow and Washington, a possibility of Russias return to G8, as well as his vision of the future of U.S.-Russian relations.

more
.
.
Russian Deputy Foreign Minister Sergei Ryabkov has given an interview to Interfax in which he speaks about the U.S. withdrawal from the Intermediate-range Nuclear Forces Treaty on that is expected on August 2, about Russia‘s response to the U.S. and NATO possible deployment of missiles banned by the treaty, and about whether the Cuban Missile Crisis may repeat itself.

more
.
.
German Foreign Minister Heiko Maas and Russian Foreign Minister Sergei Lavrov will hold negotiations on the sidelines of the Petersburg Dialogue forum in Germany on Thursday. Maas has given an interview to Interfax ahead of the forum, in which he speaks about prospects of settling the conflict in Ukraine, Germanys preparations for ensuring security in the absence of the INF Treaty and attempts to save the Iranian nuclear deal.

more
.
.
German Ambassador to Russia Rudiger von Fritsch, who is leaving Moscow after a five-year mission, told Interfax about the state of affairs in bilateral relations, Germanys position on the Nord Stream 2 project amidst sanction risks, and assessed prospects for settling the crisis in Ukraine under the new authorities in Kyiv.

more
.
.
U.S. Special Representative for Afghanistan Reconciliation Zalmay Khalilzad has given an interview to Interfax in which he speaks about results of the trilateral meeting on Afghanistan settlement that took place in Moscow on April 25, prospects of the intra-Afghan meeting in Doha, and Russia‘s role in the Afghan issue.

more
.
.
NATO Secretary General Jens Stoltenberg has given an interview to Interfax ahead of the Alliances 70th anniversary that is to be celebrated on April 4. He speaks in the interview about the NATOs vision of future relations with Russia, its attitude to the situation surrounding the Intermediate-range Nuclear Forces Treaty (INF) Treaty and the New START Treaty, as well as further plans of expanding the Alliance.

more

 
  
 ©   1991—2019   "Interfax News Agency" JSC. All rights reserved.
Contact information   |   Privacy Policy   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100