BisB implements Moody’s Risk Analyst Platform

Manama: BisB has announced the implementation of Moody’s RiskAnalyst Platform, a credit risk management system to facilitate effective financial statement spreading and accurate credit risk decisions.

Chief Executive Officer of BisB, Hassan Jarrar, commented, “The implementation of Moody’s RiskAnalyst Platform provides a powerful framework to collect, analyse and store credit data for standardized decision making.  It further provides flexibility to meet internal credit risk assessment goals, including risk ratings and exposure.  This is in line with our strategy to overhaul the credit, operational and market risk framework within the Bank”.

Chief Risk Officer of BisB Fahim Shafiqi added, “Implementing Moody’s RiskAnalyst was our first priority.  It will allow us to save much time and effort by improving the power and accuracy of internal ratings and by generating forecasts based on key variables to sensitize and assess the impact of possible future events and business strategies on an obligor’s financial condition”.

 A total number of 20 employees from Credit and Risk and from Corporate Banking departments attended an intensive training on Moody’s RiskAnalyst Platform.

In January of this year, Moody’s Investor Services upgraded BisB rating to b3 from caa1 with a positive outlook.