Azerbaijan, Baku, Feb. 23 / Trend /
The International Finance Corporation (IFC), a member of the World Bank Group, helps banks and micro-finance institutions in Azerbaijan to reduce the adverse effects of the global financial crisis, the IFC said in a message.
The seminar will provide financial institutions with mechanisms to improve their loan portfolios by increasing their credit-risk and overdue-debt management skills.
On Feb. 23-24, the IFC will conduct the two-day Overdue Debt and Risk Management During the Financial Crisis seminar in Baku.
Representatives of commercial banks and micro-finance institutions will attend. Special seminar sessions will focus on credit-risk and bad loan management.
Given the current market volatility, banks should more rigorously assess risks and manage their portfolios when issuing loans. A top priority issue is overdue debt management.
Effective asset and liability management, high-quality credit-risk management and contemporary borrowing trends are key elements of successfully managing loan portfolios.
"Risks due to loan payments failure are a risk for participants on the credit market. Banks are looking for approaches to manage these risks and try to use a variety of techniques. As part of global aid to mitigate the impact of the financial crisis, the IFC is helping credit institutions to pay attention to this issue to enable them to reduce financial risks," IFC expert Garth Bedford said.
The risk and unproductive credit management program launched by the IFC in 2008 focuses on providing in-depth advice to financial institutions to improve their ability to effectively avoid the undesirable effects of the global financial crisis.
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