"UNIBANK" CONCLUDED THE IMPLEMENTATION OF THE MOST PART OF MODULES WITHIN THE FRAMEWORK OF "IMPROVEMENT OF RISKS MANAGEMENT PROCESSES" PROGRAM
Mediamax Agency
Dec 3 2007
Armenia
Yerevan, December 3 /Mediamax/. "Unibank" concluded the implementation
of 7 modules out of 9 within the framework of the program "Improvement
of Risks Management Processes" of ABN AMRO bank.
As Mediamax was told in the press service of the bank today, the
representatives of ABN AMRO, who visited "Unibank" in November,
gave positive assessment to the process of program implementation.
The following modules are implemented: Executive Risk Management
Training, Credit Acquisition and Scoring, Collections, Governance
/Risk Charter/, Risk Policy, Mortgage Product Program, Operational
Risk Management.
As "Unibank" noted, the implementation of the above-mentioned modules
will serve as a basis for the implementation of the retail risks
management system.
The main goal of the program is "changing the mentality" of an Armenian
bank to meet international standards.
The work on implementation of the whole system will be concluded on
January 31 of 2008.