The use of RAROC will help Ban Viet Bank manage risks more effectively, help quantify risks to make business decisions and strategies from time to time, thereby improving the bank’s competitiveness.Ms. Nguyen Thanh Phuong – Vice Chairman of Ban Viet Bank (4th from left) with Mr. Warrick Cleine – Chairman of KPMG Vietnam and Cambodia (5th from right).
Representative of KPMG Company, Mr. Warrick Cleine – President of KPMG Vietnam and Cambodia emphasized during the signing ceremony: “Basel II is the inevitable way to make banks safer and more quality. Therefore, the implementation of RAROC at this time will help Ban Viet Bank once again confirm the very good risk management capabilities of a small and medium sized bank. We appreciate Ban Viet Bank’s efforts, strong determination and clear planning strategy in implementing this important project with us. At the same time, KPMG is very proud to be a reliable partner of credit institutions, always committed to accompanying bringing about the highest values and quality ”.
Mr. Ly Cong Nha – Director of finance also shared more about the implementation of this project: “The implementation of RAROC project at this time is very suitable when the orientation of Viet Village becomes a multi-function, modern retail bank based on digital banking platform in the near future. In addition to the prescribed targets, the target of calculating the ratio of profit with risk adjustment to equity is one of the very important indicators, which is the level of risk that the bank is willing to accept in the process of implementing its business strategy”.
“Therefore, we believe that, with the comprehensive consultation of KPMG, the project will help Ban Viet Bank achieve the set goals of improving risk management capacity as well as speeding up completing the business strategy of the bank ”, Mr. Ly Cong Nha emphasized.
At this time, Ban Viet is one of the first banks to implement the RAROC project. This also proves that the promotion of advanced corporate governance and risk management standards is one of the key foundations in the current and future sustainable development strategy of Ban Viet Bank.
Source: bizlive.vn – Translated by fintel.vn