Sukhova L.F.Stavropol Institute of Cooperation, Belgorod University of Cooperation, Economics and Law, Stavropol, Stavropol Krai, Russian Federation Suhova.lilia@yandex.ru
Velichko L.N.Stavropol Institute of Cooperation, Belgorod University of Cooperation, Economics and Law, Stavropol, Stavropol Krai, Russian Federation Rost.Velichko@yandex.ru
Importance Considering the current crisis phenomena, the contemporary loan pricing system gains special relevance in relation to the real sector of economy. The research focuses on affordability of long-term and short-term bank loans the national banks grant to the real sector. Objectives The research strives to devise methods for determining loan rates (short-term and long-term) that domestic profit-making entities may afford and banks concurrently may charge for their lending services to the real sector. Methods The methodological framework comprises general scientific methods, such as analysis, synthesis, systems analysis, historical and logic analysis. Loan rates and return on corporate assets were compared using statistical methods, economic analysis and new strictly deterministic economic and mathematical models of return on various corporate capital types. Results We identify the principal weaknesses of the existing system of setting rates for loans granted to entities, other than small businesses, point out reasons for weaknesses, propose the methods for setting loan rates that would be affordable (critical) for entities and tolerable for banks. Conclusions and Relevance The proposed areas for improving loan pricing policies are deemed efficient and scientifically significant since, first, they correlate with the theory of economics and corporate finance and business practices; second, they mitigate credit risks banks are exposed to when providing loans to profit-making entities.
Keywords: return on assets, loan pricing, tolerable, affordable, price
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