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Credit risk management aimed at increase of asset quality, loan portfolio diversification, establishing adequate provisions to cover possible losses, strengthening positions of the Bank in the credit market.
Actions on minimization of credit risk include:
- Limitation of level of expected losses of the Bank
- Optimization of borrower assessment procedure
- Establishing limits and monitoring of compliance
- Introduction of centralized data base for financial statements and Bank`s counteragents
- Monitoring and introduction of activities aimed at optimization of the Bank`s loan portfolio
- Providing recommendations regarding credit policy of the Bank
- Improvement of existing business rules and regulations in respect of lending process
- Improvement of collateral monitoring and control
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