China Everbright Bank implements Kamakura for credit risk management
14 October 2004 | 2655 views | 0
China Everbright Bank, one of the leading government-controlled banks in Beijing, has licensed the full Kamakura enterprise-wide software suite to manage its credit risk.
The bank, with assets over $40 billion dollars, will use the Kamakura Risk Manager software system to manage the credit risk within the bank’s growing commercial loan portfolio.
Kamakura will also advise the bank on credit risk modelling for Basel II compliance. Systems integration will be performed by Kamakura distributor Great Wall Software International and BearingPoint.
A senior official from Everbright’s commercial credit risk team says the software will enable it to continue its development of global best practice in credit risk management. It will also help create shareholder value from instruments ranging from traditional commercial lending to complex structured credit transactions.