OREANDA-NEWS. October 28, 2009. MEGABANK,PJSC has received a consultancy support from consulting company "Internationale Projekt Consult GmbH" (IPC) within the framework of technical assistance, provided by KfW. About this informed the bank’s deputy chairman of the board Alexander Shypilov, reported the press-centre of MEGABANK,PJSC.

According to his words, consultancy support envisaged minute study by IPC’s consultants the current status of the bank’s loan portfolio and its management system. Beside, seminars were held on various topics, elaborated especially for MEGABANK,PJSC. In particular, for a broad range of specialists and bank’s management the seminars were held on topic of risk management, for specialists of credit departments of the Head office and affiliates – for the topic of management of loan portfolio and running of financial analysis in the crisis environment. 

According to the results of analysis made of the quality of loan portfolio and study of current status of MEGABANK,PJSC the consultants highly esteemed the system of loan portfolio management and measure which ensure its quality. Also the representatives of IPC offered a range of anti-crisis measures, which will guarantee the quality of loan portfolio and adequate procedures of financial analysis in crisis environment, informed А. Shypilov.
 
Reference. KfW started to implement in MEGABANK,PJSC a program of technical assistance "Loan portfolio management in crisis conditions " late August this year.  The program envisaged the analysis of standing procedures, performed by the bank on loan portfolio management, preparation of recommendations to the bank’s management on improvement of credit policy, as well as running of seminars for the bank’s middle chain management with the aim of implementation of prepared recommendations.

August 20, 2009 KfW together with EBRD have signed with MEGABANK,PJSC an agreement about joint purchase of 30% of its shares, as well as providing MEGABANK,PJSC with a long term financing. The aim of the program declared by the investors is to strengthen the liquidity and capital of MEGABANK,PJSC during long instability period in the banking sector of Ukraine, as well as providing MEGABANK,PJSC with a long term financing for lending to local borrowers after the market gets stable.