INTERACTION BETWEEN INSURANCE COMPANIES AND BANKS TO MINIMIZE CREDIT RISKS

The restoration of lending by banks in Ukraine, taking into account riskiness and minimizing credit risk, is the main strategic task of today. This article is devoted to the analysis of the use of insurance to minimize the bank's credit risk. The article examines the forms of loan insurance: loan default risk insurance; insurance by the borrower of liability for non-repayment of the loan; insurance of the subject of pledge. Actions to strengthen the financial position and status of insurance companies in Ukraine and Ukrainian society are characterized. Mechanisms for increasing responsibility for evasion of compensation payment in case of risk insurance — failure to repay the loan by the client are described. The necessity of introducing legislation regarding the regulation of the relationship between banks and insurance companies by the regulator (NBU) and the introduction of clear legislation regarding the insurance of the risk of non-repayment of the loan with the full distribution of the bank's loan portfolio, taking into account the different degrees of riskiness of borrowers, has been studied. The problem of intentional insurance of the loan portfolio by the bank, exclusively of low-quality creditors, as something that does not fall under the normative requirements of the NBU as a minimization of the bank's credit risk, is studied. In view of Ukraine's obtaining the status of a candidate for EU membership, changes to the legislation regulating the financial market according to EU standards are proposed.