Our client – further referred as the Bank – has always been interested in its clients’ comfort. In spite of negative tendencies in national economies because of coronavirus pandemic outbreak consequences, the Bank tries to go on with the improvement of its positions in the market and infrastructure development to reach customers’ needs.
The development and implementation of an effective Early Warning System (EWS) was a solution to our client’s need to decrease the ratio of non-performing loans in the bank’s portfolio.
The pandemic outbreak showed that risks can be of different origins and various natures. Coronavirus has become a stress-test for many industries, including banking. And consequently, our client was affected as well. Bad and overdue credits have become a scourge, especially in the corporate banking sector.