DIFC: 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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About Banque du Caire (BDC)
Established in May 1952 in Egypt, Banque du Caire is a full-service bank that combines the heritage of more than half a century of Egyptian banking expertise with modern practices and technology.
Banque du Caire serves more than 1.9 million customers through 229 branches and banking units located across Egypt. This makes Banque du Caire the third-largest Egyptian banks in terms of the number of branches and customers, as well as one of the most easily accessible banking establishments in Egypt.
The bank's diversified service portfolio includes state-of-the art services that address the growing needs of different sectors and industries in the Egyptian market.
Looking ahead, Banque du Caire will continue providing the Egyptian public with the products and services that meet their growing needs.
About Moody's Analytics
Moody's Analytics is a leading provider of research, data, analytic tools and related services to debt capital markets, credit risk and risk management professionals worldwide. Moody's Analytics includes the offering of Moody's KMV, Moody's Economy.com, Moody's ENB Consulting, and Moody's Fermat. Moody's Analytics is the sister company of Moody's Investors Service, the credit rating agency, and both companies have separate offices in the DIFC in Dubai. Both Moody's Analytics and Moody's Investors Service are subsidiaries of Moody's Corporation (NYSE: MCO), which reported revenue of US$1.8 billion in 2009, employs approximately 4,000 people worldwide and maintains a presence in 27 countries. Additional information about the Moody's Analytics (DIFC) Ltd in the Middle East region is available at www.moodysmiddleeast.com
Contact Us
For more information, please contact Wael Jadallah at mena@moodys.com or +971 4401 9545. You can also visit our website at www.moodysmiddleeast.com
© Press Release 2010
