ISSN: 1391 - 0531
Sunday March 02, 2008
Vol. 42 - No 40
Financial Times  

IFC/NTB developing credit processes for SMEs

IFC, a member of the World Bank Group, is helping Sri Lanka’s Nations Trust Bank (NTB) build capacity to improve credit processes and align them with global best practice for the benefit of its small and medium enterprise and retail business lines.
The initiative will also help the bank adopt best practices in risk management, the IFC said.

IFC Advisory Services in the region will bring international expertise to help NTB develop credit-scoring models for retail banking products, including credit cards, housing loans, auto finance, personal loans, and overdrafts.

This will enable the bank to expand and manage its SME and retail portfolio in a sustainable manner.

Zulfiqar Zavahir, NTB Director and Chief Executive Officer, elaborates, “The scorecards will be developed on the basis of best practices across the globe for retail banking portfolios, enabling the Bank to improve its risk management capabilities to international standards.”

Critical components to be considered during the development stage of the scoring models will include the bank’s current and future business volumes, the integration of the models into the core banking system, training, and roll-out plans.


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