OREANDA-NEWS. August 27, 2010. Implementation of RiskCalcг v3.1 Russia probability of default model by the reputable international agency Moody’s Analytics will enable TransCreditBank to enhance its credit risk management system, improve predictive capabilities of internal credit risk measurement, make well-founded decisions on provisioning levels, and ensure greater accuracy in determining adequate, risk-adjusted capital levels. The implementation of the model should increase confidence in the risk management methodologies applied at the Bank from the regulator, auditors, international rating agencies, and clients.

TransCreditBank was one of the first Russian banks to participate in consultations with Moody’s Analytics on adapting the RiskCalc model to Russian specifics; in particular, the Bank participated in testing the model on own data.

RiskCalc Russia model was developed and tested on 2002-2009 data from 800,000 financial statements of over 290,000 Russian firms with assets of RUB 3 million or higher, as well as 20,000 defaults.