Implementing the Automated Software Evaluation Program of the Borrower’s Credit Risk – ASEPBCR
- the generation of a separate form for each borrower;
- a calculation of the size of reserves for possible loan losses on the basis of the form;
- a calculation of the cost of loans as the total of amortized expenditures in accordance with IFRS 39;
- the formation of a reasoned decision on the amount of credit risk for each loan.
Advantages of using this automated system:
- Simplified data entr.
- Clear and structured algorithm operations.
- Saves time and simplifies the process for developing a reasoned decision.
- Effective development and maintenance of databases.
- Does not require any additional software or technical training since it is based on Microsoft Excel.
Alexey Terekhov, FBK Partner and Vice-President for Auditing and Consulting Services to Financial Institutions, is always ready to tell you more about our IFRS services for financial institutions.
You can also send us an inquiry from the site.
Our contact telephone: +7 495 737-53-53
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