Neznamova A. Statistical and economic analysis of rating systems commercial banks

The object of research: commercial banks' rating systems The purpose of research: development of theoretical and methodological framework, as well as practical recommendations concerning statistical and economic analysis of commercial banks' rating systems Methods: systemic approach, statistical observation, peer groups, method of composite statistical characteristics, comparison, method of interrelation analysis, expert judgements, methods of claster and discriminant analysis Theoretical and practical results: The theoretical results are presented in a methodological guidelines on how to develop effective ratings and provide framework for further scientific statistical research of Ukrainian banking system's financial position. Practical application: implementation of suggested methods in the practice of rating agencies and commercial banks will ensure a better substantiated approach to assessment of banks' and borrowing clients' performance, the maximum transparency of rating methodologies, and a timely and forward-looking analysis of bank results. Research novelty: the research revealed the current status of how rating systems are used; identified the major directions of rating analysis - soundness and effectiveness; upgraded the existing classification of domestic rating methodologies; substantiated advantages and disadvantages of Russian and Ukrainian methodologies; identified conceptual framework for development of statistical models for assessment of banks; elaborated a proposal to use credit scorings to assess individual borrowers; applied a new approach to placing banks into peer groups and proposed to use discriminant analysis for the purpose of comprehensive evaluation of commercial banks' efficiency; developed an author's own rating system for measurement of commercial banks' soundness and effectiveness Extent of implementation: The results of research are used in the National Bank of Ukraine, analytical agency "Bank of Information, Research and Technology", Representative Office of Barents Group, and are used in the education process in Kyiv National Taras Shevchenko University and Institute of Statistics, Accounting and Audit (based in Kyiv) Effectiveness: The results support further scientific statistical researches of Ukrainian banking systems' financial position, as well as creation of an universal model for comprehensive rating assessment of Ukrainian banks' performance Sphere, area of applicatoin: the scientific-research activity and educational-methodic process