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KPMG and MCGF hold an event for banking sector of Azerbaijan

KPMG and MCGF hold an event for banking sector of AR

On 28 February, KPMG in Azerbaijan jointly with Azerbaijan Mortgage and Credit Guarantee Fund hosted an event “Credit Scoring Models for Banks in Azerbaijan” at the Four Seasons Hotel.

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Sharifova-Kamilla

Senior Marketing Specialist, Markets

KPMG Azerbaijan Ltd

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Rahman Hummatov, Deputy Chairman of the Management Board at MCGF, and Murat Karakas, Managing Partner of KPMG in Azerbaijan, delivered the opening speech and welcomed the participants.

Michael Kunisch, Head of Financial Risk Management at KPMG in Russia and the CIS, delivered the presentation “Credit Rating Model built for MCGF”. This model developed by KPMG is a major breakthrough in financial risk management practices in Azerbaijan. Such a model enables the fund to properly quantify, segregate and manage the risk profile of their portfolio. Michael highlighted that this model is a step in the right direction, expressed hopes that such models will be adopted in numbers by commercial banks of Azerbaijan, and concluded by reminding that KPMG in Azerbaijan is ready to offer global risk management practices for the banking sector of Azerbaijan.

Rahman Hummatov presented “Credit guarantee products of MCGF” and also talked about credit guarantee system in general. He summarised the long and short-term goals of the fund in housing within the context of economic development of Azerbaijan, and described in detail the mechanism and covenants of credit guarantee products offered by the organisation.

Over 60 representatives of financial sector in Azerbaijan attended in the event, and MCGF expressed gratitude to KPMG for support in developing and implementing of credit scoring models. 

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© 2019 KPMG Azerbaijan Limited, a company incorporated under the Laws of the Guernsey, acting through its Representative Office in the Republic of Azerbaijan, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Azerbaijan.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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