ON THE ORDER OF DETERMINATION OF BANK ASSETS LOSSES AND CAUSING DAMAGE TO IT WHEN CONCLUDING CREDIT CONTRACTS


  • S. O. Kozub
Keywords: financial institution, debtors, debt receivable, hopeless debt receivable, doubtful debt, pure realization cost of the debt receivable

Abstract

In paper considers the order of determination of bank assets losses and accordingly documentary acknowledgement of causing losses to it because of credit contracts conclusion when carrying out forensic economic examinations. A variety of credit contracts preconditions possibility of providing by banks of financial services in crediting on different conditions and with involving or without involving assuring, due to the conclusion of some of these there is possible causing of losses to bank. The contract of not renewed credit line in national currency of Ukraine is considered as an example. When performing a research on the specified question, the great value has determination, using registers of bank account, the debt receivable sum under credit contracts concluded with borrowers and definition that the debts against bank under such credit contracts as of concrete date are displayed as assets of bank and accordingly are not considered as hopeless. That is, the debts sum while there is a confidence of its repayment, cannot be defined as losses as there is a probability of reception by the enterprise of economic benefits in the future, and for the bank an economic benefit is a potential possibility of money resources reception on account of debts repayment that will lead to increase in its assets. Thus, for the determination of a damage size (causing of losses) for bank owing to the conclusion of credit contracts with borrowers, the presence of the following conditions is necessary: presence of assets losses; presence of the short-received incomes; presence of the established infringement of the legislation of Ukraine. Absence of documentary acknowledgement of the mentioned conditions (absence of the data certifying to causing of losses to bank as a result of the conclusion of credit contracts with borrowers) accordingly will affect upon the result of the expert research.


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Published
2017-11-29
How to Cite
Kozub, S. O. (2017). ON THE ORDER OF DETERMINATION OF BANK ASSETS LOSSES AND CAUSING DAMAGE TO IT WHEN CONCLUDING CREDIT CONTRACTS. Theory and Practice of Forensic Science and Criminalistics, 17, 339-345. https://doi.org/10.32353/khrife.2017.43
Section
FORENSIC ECONOMIC AND COMMODITY EXAMINATION.