Bankgesellschaft Berlin live with Algo Credit

Bankgesellschaft Berlin live with Algo Credit

German banking group Bankgesellschaft Berlin has implemented Toronto-based Algorithmics' credit risk management product, Algo Credit.

Algorithmics says Algo Credit provides Bankgesellschaft Berlin with a consistent, integrated framework for managing credit risk across the enterprise, covering global limits and counterparty exposures for both trading and banking book products.

Christian Burmester of Bankgesellschaft Berlin, says: "We are now empowered through a complete, consolidated view of our commercial credit exposure across our group, including risk controlling and reporting of counterparty exposures."

Michael Zerbs, chief operating officer, Algorithmics, says the product will also enable the firm to expand risk management initiatives across other business lines in future.

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