Susquehanna Bancshares, a Pennsylvania-based financial services holding company with approximately $14 billion in assets, has selected SunGard's AmbitCredit Assessment and AmbitCredit Portfolio Monitoring solutions to help measure and manage its credit risk.
The bank plans to use the solutions to help improve the efficiency of its credit process, enhance its relationship management capabilities, gain better visibility into its loan portfolio and assist in meeting the stress testing requirements laid out in the Dodd Frank Act. The bank is a long term user of SunGard's Ambit Risk & Performance Management solutions.
Like many community-based, regional banks, Susquehanna is committed to providing credit to its clients. In addition to meeting its profitability objectives, the bank must be able to do this while maintaining prudent lending standards and appropriate capital adequacy. Ambit Credit Assessment and Ambit Credit Portfolio Monitoring will helpthe bank improve its ability to regularly perform systematic underwriting, loss forecasting and stress testing of its commercial and industrial and commercial real estate portfolios
Michael M. Quick, executive vice president and chief credit officer at Susquehanna Bancshares, Inc., commented, "We are a satisfied long-term SunGard customerand believe that Ambit Credit Assessment and Ambit Credit Portfolio Monitoring,used in conjunction with Ambit's risk consulting services, will help the bank improve its risk adjusted profitability. This will ultimately allow us to make faster and better decisions, which is not only good for us but also for our customers. It will also provide additional data and insight for use during regulatory reviews."
Andreas Hug, general manager of SunGard's Ambit Risk & Performance Management business unit, said, "SunGard's Ambit Credit Risk Management solutions are designed to help banks increase the strength of their risk adjusted performance. From assessing the creditworthiness of loans and enhancing the bank's relationship management capabilities, to improving transparency into the loan portfolio, the solutions help banks better understand their risk and consequently make more informed lending decisions."