Strict and consistent adherence to these stages will allow more carefully monitor the credit process and, consequently, provide quality of the loan portfolio and, consequently, the effectiveness of banking institution as a whole [64]. 1.3 The system of credit risk management of commercial bank The basis of modern banking is to optimize the parameters risks causing the need for an integrated approach to the creation of management. Optimization methods and technology risk management in banks was one of the main prerequisites for gaining competitive advantage, attracting customers and increase the profitability of the banking business [54]. Credit risk - the main financial risks faced by banks in the process of their work. Its appearance is caused, first of all,