OREANDA-NEWS. On June 19, 2009 Within the framework of technical assistance of European Bank for reconstruction and development (EBRD) on social and environment issues Megabank was visited by a Ph.D., senior partner of American consulting company "FI Konsult" Kenneth Macek, reported the press-centre of Megabank.

During the meetings with the bank’s management and experts K. Macek acquainted himself with Megabank‘s social and environment risk assessment, familiarized the bank with vast resources, which EBRD developed to help its financial partners in this direction. Besides, bringing of Megabank’s risk assessment procedures to the level of those accepted by EBRD and development for Megabank an agreed social and environment risk management plan were discussed. The next visit of "FI Konsult" representatives is planned for September this year, its purpose is a training with Megabank’s experts on risk management procedures in accordance with the already developed plan.
 
As per the words of Megabank’s Deputy of the Board Chairman  Alexander Shypilov, the development and implementation of an agreed social and environment risk management plan will help the bank quickly integrate its risk assessment procedures into those accepted in international practice, as well as increase the quality of a loan portfolio.