Subject The article reviews the changes in the structure of collateral portfolio of commercial banks of Russia over the past five years and evaluates the efficiency of approaches to its management. Objectives The aim is to find solutions to revealed problems related to collateral portfolio management and offers recommendations to enhance the observance of loan security principle. Methods The study relies on the comparative analysis of statistical data, systems approach, and formal logic, and uses information from publicly available sources. Results The paper includes analytical data showing the level of loan security and unveils errors in approaches and methods applied by commercial banks for collateral portfolio management. I propose recommendations for development and implementation of digital twins technology as a tool to manage the collateral portfolio. Conclusions The banking sector of Russia needs improving the tools for efficient management of collateral portfolio based on technological innovation (digital technology). The paper presents a general action plan to implement an innovative concept enabling to move to a higher level of efficiency when managing the collateral portfolio. The study may help continue exploration of efficient approaches and methods to manage the collateral portfolio, and be of practical use to the entities of the banking sector of Russia.
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