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  Credit Risk Analysis Application for a Large Bank in Kuwait
 

Client Overview

Our client is a leading bank in Kuwait that offers several products to retail, SME and corporate clients, with a significantly growing business in the presence of global competition.
 

Business Challenges

The Bank needed to manage credit risk and implement Basel II framework. It required a solution that would:
Have a consistent way of analyzing and rating companies within a category
Allow them to be able to implement a rating model after testing historical data and verifying the ratings and PDs given out by the model
Handle high volumes of irregular accounts and get early warning alerts on potential defaulters
Be user friendly and easy and flexible to implement and maintain
Lower its IT support costs
 

The FinEng Solution

FinEng implemented its solution for credit risk management and measurement - CRx. The product was implemented in two phases; financial analytics was implemented under Phase 1. The implementation, which included data migration, was carried out in two weeks. Phase 2, consisting of risk rating and related reports, was subsequently implemented and the bank went live with the product.

 
The bank has been supported by a dedicated relationship manager and a support team to handle the ongoing challenges faced by the sales, operations and IT team in the bank.
 

Benefits to the Bank

The bank has derived tremendous business benefits which are listed below:

A single database was created for financial analysis of bank’s customers. This will also help the bank build a data bank for all its customers
Financial templates and reports were standardized across analysts
Multiple departments now used a single application
More powerful and analytical MIS reports were generated, leading to better decision making
The bank was able to implement risk management and measurement in compliance to the Basel II requirements for internal rating based lending in line with the credit policies of the bank
The early warning alerts helped identify risky accounts early leading to better monitoring and lower loss.
 
 
 
 
 
 
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