On 28 February, KPMG in Azerbaijan jointly with Azerbaijan Mortgage and Credit Guarantee Fund hosted a workshop on “Credit Scoring Models for Banks".
On 28 February, KPMG in Azerbaijan jointly with Azerbaijan Mortgage and Credit Guarantee Fund hosted an event on “Credit Scoring Models for Banks in Azerbaijan” at the Four Seasons Hotel.
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 Russia and the CIS, delivered the presentation on “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.
Mr. Kunisch stated this model is a step in the right direction and hopes such models will be adopted in numbers by commercial banks of Azerbaijan. He concluded by saying that KPMG in Azerbaijan is ready to offer global risk management practices for the banking sector of Azerbaijan.
Rahman Hummatov, Deputy Chairman of the Management Board at MCGF, presented “Credit guarantee products of MCGF” and talked about credit guarantee system and their newly available products. Mr. Hummatov summarized the long and short-term goals of the fund in housing within the context of Economic Development of Azerbaijan. Mr. Hummatov described in detail the mechanism and covenants of credit guarantee products offered by the organization.
Over 60 representatives of financial sector in Azerbaijan attended in the event.
The MCGF’s representatives expressed gratitude to KPMG for support in developing and implementing of credit scoring models.