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Cooperative Banks
SYSTEMIC was awarded in 2005 the mandate to cover Panellinia Bank and the Sixteen Greek Cooperative banks, in their entire range of needs related to Credit Risk Management within the scope of the new Basel Accords (
see related press releases).
The credit assessment for each of the Group's wide range of SME obligors will be obtained from the
RV Rating© solution, while the risks of its entire portfolio of exposures including regulatory reports, will be managed via the
RV Credit© solution. In order to minimize installation and maintenance costs, both systems will be installed on a centralized server utilizing the systems' secure remote access functionality.
Furthermore, the Cooperative Banks have outsourced their core risk management functions to SYSTEMIC RM, including Basel II regulatory reporting, analysis of key risks and presentations to senior management on a monthly basis, risk adjusted profitability analysis, and many other important areas.
For more information about these banks, please visit
www.paneliniabank.gr and
www.este.gr
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