OREANDA-NEWS. November 18, 2009. Kaspi Bank (Almaty), a company listed on the Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

kaspi bank acquired and introduced analytical software of SAS company, a worldwide provider of business analysis and risk assessment software.

kaspi bank received additional tools to assess and control risks, monitor loan portfolio and data base analysis.

"Our strategic priority is development of a retail business, which is possible, provided proper use of high technologies, Mikhail Lomtadze, chairman of kaspi bank said. - Technologies we invest into, allow for timely controlling risks, providing Kazakhstan citizens with global quality products. We have selected the SAS platform after a huge research was made. A good name of SAS and complex of solutions the product may sole are the main reason of the acquisition".

kaspi bank has a long-term development strategy and based on the strategy investment into information technologies are important for creation of competitive advantages of the bank. Acquired technologies allow for constantly improving banking services.

"SAS was selected - as a world wide software providing leader, - Valeriy Hrabrov, CEO of SAS Russia/CIS commented. - The solution of SAS meets all requirements of the bank, and will aid in loan portfolio management. Kspi bank showed the main - the management seeing future development of the business, credit risks requirements and high professionalism. So, we introduced  the project in record-breaking terms".

GlowBite Consulting helped to implement the project.