To financial institutions
The ever-changing today keeps the financial system toned as well, making it change constantly, and a high level of competitiveness between the financial market participants necessitates them introducing new methods of work, innovation of financial products and services rendered to the clients.
However it’s crucial for financial institutions to search for innovation financial instruments allowing not only increasing the profit, but also providing possibility to decrease the risk of losing the financial institution as such.
The crisis developments prevailing lately in the national economy, disfiguring the rules of financial market functioning and offsetting the notion of “financial relations culture” between the market participants, contributes to appearance of innovative financial instruments including those aimed at protecting against losses of financial institutions which suffered economic loss due to massive payment failure of unscrupulous debtors and honest debtors who appeared to be in a tough financial situation due to certain reasons and have no possibility to pay the next loan settlements.
INVEST CREDIT CAPITAL offers to the financial institutions a new approach in working with loan debts.
As of today, it became an ordinary thing when the work of financial institutions with a troubled loan portfolio comes to a dead-end: the telephone conversations with bad debtors don’t bring the desired result, selling the bad debt to debt recovery firms after Verhovna Rada of Ukraine had considered on 02.0302015 the draft law No. 2275 on prohibition of debt recovery services rendering in execution of financial obligations by natural persons becomes impossible, and that pocket change from realization of collaterals through the state enforcement service do not decide the problem.
It is with the aim of painless decision of this task that INVEST CREDIT CAPITAL developed a scheme targeted on improvement of credit portfolio quality and creation of an innovative loan instrument, which it offers to be used by the financial institutions.
The essence of innovative financial instrument was realized in the patented according to the Act of Ukraine “On protection of proprietary rights for inventions and utility models” Utility model No. 83293 “Loan debt managing system”. The inventor and proprietor of the Patent is the founder of INVEST CREDIT CAPITAL M. Korolenko.
A new approach to the managing of loan debts is applied to different categories of debtors (legal entities and natural persons) from the “honest” to the “unscrupulous” ones, and on the stages from “pre-action” to “enforcement proceeding”. Besides the decrease of losses for the financial institutions due to bad debts and improvement of the credit portfolio quality, the abovementioned method has a clearly expressed social focus, for it is intended for the segment of clients who have no possibilities to repay the necessary sums of loan settlements as once, which in its turn in the majority of cases is a necessary condition for conclusion of a debt rescheduling agreement with the bank.
INVEST CREDIT CAPITAL is ready to offer its customers the programmes developed with consideration of nuances arising in each separate case of dealing with bad debts:
- “Cooperation” programme
- “Amicable” programme
- “Cash” programme
- “Voluntary disposal” programme
As a result of the new approach offered by INVEST CREDIT CAPITAL concerning the management of loan debts the customers obtain a mutually favourable decision of bad debts in 95% of cases.