Credit risks are the most crucial for banks since ancient cultures to present days. Various financial organizations failures, connected with the negative social impact, additionally raise the question of proper credit risk management during history. The best way to cope with risks is an understanding of their nature. Usage of risk reducing strategies, risk control, monitoring and assessment significantly reduce losses and bring advantages to all economic players. This book describes the recent nature of credit risks from different leading experts and scientists. It provides a practical overview of the most important credit risk management approaches in developed and developing countries. The given work discovers main types of risks for Ukrainian commercial banks, analyze credit risk management methods and their efficiency in Ukraine. It is useful for all types of financial organizations, credit risk practitioners, academics and anyone interested in risks.