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Updated on : 8:42 am GMT | Wednesday 11th of September 2016 11
Issued By Business & Finance Group | Dubai Media City | Issue No.305
News Archive
Stocks rise to highest levels in 27 months
World stocks climbed to their highest levels in more than 27 months on Wednesday as investors seized on indications of stronger growth in 2011. US Treasuries steadied after dismal demand at an auction of five-year debt on Tuesday sent yields higher, boosting their relative value for some investors. The dollar fell against a basket of major curre
Sheikha Lubna - UAE boosting trade and economic cooperation with Syria
Business & Finance Club - UAE (Abu Dhabi) - UAE Trade Minister Sheikha Lubna Al Qasimi has discussed with Dr Beshir Qadoor, Charge d' Affairs
Egypt Achieves 5.5% Industrial Growth
Business & Finance Club - Cairo : Egypt’s Industry and Trade Minister Rachid Mohamed Rachid said that the rate of industrial growth in Egypt reached 5.5% this year
Bahrain and Germany consolidating economic relations
Business & Finance Club - Bahrain (Manama) - Bahraini Minister of Industry and Commerce Dr. Hassan Abdullah Fakhro received the Finance Minister of the German
Bain pays $1.8 billion for kids clothing firm Gymboree
Business & Finance Club - New York : Children's clothing maker Gymboree Corp (GYMB.O) is selling itself to buyout firm Bain Capital Partners for $1.8 billion, it said on Monday, as
Moody’s: Egypt-based Banque du Caire implements credit risk scoring tool

Business & Finance Club Magazine - Eye on the Economy - Egypt: Moody’s Analytics is pleased to announce that Banque du Caire has implemented RiskAnalyst™, a credit risk scoring tool provided by Moody’s Analytics, across all of the Egyptian bank’s branches. This partnership with Banque du Caire emphasizes Moody’s Analytics’ leadership in the Middle East as the pre-eminent provider of credit risk management systems to the region’s largest financial institutions.

Banque du Caire’s decision to implement this well known product by Moody’s Analytics supports the bank’s strategy to strengthen its risk management function. “As part of our objective to create an effective, proactive risk management function within Banque Du Caire, we have chosen RiskAnalyst™ from Moody’s Analytics as our risk assessment tool. This step is also an essential milestone in our Basel II implementation plan, “ explains Ihab ElSewerky, Senior General Manager and Chief Risk Officer at Banque du Caire.

Moody’s RiskAnalyst™ is a robust, enterprise-wide credit risk management system that collects, analyzes and stores financial and non-financial information, thereby providing a complete solution for managing and analyzing risk for firms of all sizes. The “open” architecture of RiskAnalyst™ allows for quick and seamless integration with other applications and data. “The implementation of the system was extremely smooth, fast and efficient, as expected from a provider like Moody’s Analytics. The bank staff involved regarded the implementation as a positive experience overall, thereby exceeding my expectations,” Mr. ElSewerky adds.

Banque du Caire will now use RiskAnalyst™ to assess the credit relationships with its clients in order to facilitate the credit underwriting process and consistently monitor the status of their portfolio.

“Moody’s Analytics’ partnership with Banque du Caire underscores our commitment to serving the Egyptian market,” says Wael Jadallah, Director of Moody’s Analytics’ in the Middle East. “Banque du Caire is a valuable addition to our already strong Middle Eastern customer base for risk management solutions.”

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