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Open for business

Open for business. Aggregate Capital > USD 230 mln Assets > USD 780 mln Loan portfolio > AZN 380 mln. Target base: Banks Financial institutions Non Banking Financial institutions Leasing Companies Legal entities (mostly large corporates ) SME ( since October 2012 )

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Open for business

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  1. Open for business

  2. Aggregate Capital > USD 230 mln Assets > USD 780 mln Loan portfolio > AZN 380 mln

  3. Target base: • Banks • Financial institutions • Non Banking Financial institutions • Leasing Companies • Legal entities (mostly large corporates ) • SME ( since October 2012 ) • No Microfinance and individuals

  4. Categories of Microfinance Risks

  5. Types of Operational Risks

  6. Target base: • Banks • Financial institutions • Non Banking Financial institutions • Leasing Companies • Legal entities (mostly large corporates ) • SME ( since October 2012 )

  7. Examples of preventive controls : • Hiring trustworthy employees who can make good credit decisions • Ensuring that loans are backed by appropriate collateral or collateral substitutes • Segregating staff duties to prevent intentional wrongdoing • Requiring authorization to prevent improper use of resources • Maintaining proper record keeping procedures to deter improper transactions • Installing sufficient security measures (i.e., locks, guards, safes) to protect cash and other assets

  8. Examples of detective controls : • Reconciling bank statements with cash receipts • Monitoring early warning signals for signs of pending portfolio quality problems • Implementing delinquency management policies to prevent late payments from escalating into bad debts • monitoring staff performance to ensure policies and procedures are followed • visiting clients to ensure that their loan and saving account balances and transaction • dates correspond with the MFI’s records

  9. THANK YOU FOR YOURATTENTION!

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