Rusfinance Bank included scoring of NBKI bureau in own system of assessment of credit risks

In 2015 Rusfinance Bank completed integration of scoring model of the National Bureau of Credit Histories (NBCH) into decision making system of retail lending. The scoring model provided to NBKI is developed by FICO company on the basis of own data of NBKI.

"This model is one of modern tools of assessment of payment behavior of potential borrowers — Lyubov Burmistrova, the director of the department of risk management Rusfinance Banka told. — Use of model allows us to manage more effectively quality of the loan portfolio of bank and to offer clients the services which are most demanded in the market".

"The continuing deterioration in credit health of the population requires adequate assessment of level of credit risk of borrowers from creditors — the CEO of NBKI Alexander Vikulin considers. — Use of the scoring FICO model solves this problem therefore the quality of crediting increases, and distribution of credit load of the population becomes more uniform. Besides, the creditor can estimate efficiency of scoring of NBKI bureau at the shortest possible time, and costs for implementation in the system of decision-making — are minimum".

"The mathematical model and long-term experience as in Russia, and abroad is the cornerstone of scoring of FICO — Elena Koneva, the director of scoring of FICO said. — Using scoring of bureau the creditor almost in real time and with the minimum costs receives the integrated risk assessment based more than on 100 variables".