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Piraeus Bank participated in the Ninth Annual Bank Conference
05 June 2014

The conference was dedicated to the experience exchange on risk management in retail lending, effective prevention of fraud, low rate of loans repayment by individuals and the introduction of modern information technologies in these areas.

Extra Consulting company organized the event. Along with Piraeus Bank Global Association of Risk Management Professionals (GARP), SAP - one of the world's leading enterprise applications and First Ukrainian Bureau of Credit Histories.

During the conference members discussed the prospects of development of retail lending, tools and technologies for risk management in the retail sector, as well as approaches to deal with problem loans due to the Crimea annexation and the confrontation between the Eastern and Southern Ukraine.

Particular attention was gained by "Stress testing models and strategies of retail lending during crisis" seminar, which included introduction of credit portfolio stress testing parameters and pricing models according to the NBU, the development of macroeconomic stress scenarios according to the requirements of the National Bank and the Basel Committee, as well as obtaining practical knowledge and skills in advanced approaches to stress tests.

After the conference, a meeting of the Regional Office in Ukraine GARP on "Perception of risks by Ukrainian and international investors: main differences" took place.