OREANDA-NEWS. November 25, 2010. It was summed up the project to improve the risk management system with the participation of consultants PKF (London, UK) in "MEGABANK" PJSC. Project Director Vladek Skorko gave employees of "MEGABANK" certificates for successful teaching at seminars on risk management, reported the press-centre of MEGABANK

According to Mr. Skorko, the main objective of the project was to strengthen the functions of risk management at the bank. The key areas of work undertaken under the project addressed issues of general risk management, credit risk management, market risk, operational risk, and also consultants assisted in the preparation of management accounts.

Vladek Skorko noted that employees of "MEGABANK" have achieved success for 10 months working with consultants PKF and a new motion vector set in the bank. "Of course, work on the project can not end, because ahead many months, even years of work that the bank's employees, its management and shareholders should do. There is no concept of the ideal bank, because banks are constantly evolving in their work implementing new technologies. Risk management is an art that you should to improve every day", - said Mr. Skorko.

He congratulated the staff of "MEGABANK" with the successes they have achieved over the past 10 months.

As the Deputy chairman of the Management Board of "MEGABANK" Vyacheslav Ryutin marked the new methods of organization of risk - management, technology management, recommended by specialists PKF, were introduced in the bank almost simultaneously with the filing of  the information. "Ahead there will be a very time-consuming work on the transition to a new management structure of the bank. The result of cooperation with the PKF will certainly enhance the effectiveness of our bank in the near future", - he said. On behalf of the Management of the bank Mr. Ryutin thanked staff of the company and wished them successful new projects.

Reference. An advisory support project from the consulting firm PKF which was carried out under the technical assistance provided by shareholder MEGABANK - European Bank for Reconstruction and Development has launched in PJSC "MEGABANK" in January 2010.

PKF (UK) LLP is one of the leading UK firms of accountants and business advisers, which specializes in advising the management is actively developing private and public enterprises. PKF (UK) LLP is a member firm of PKF International Limited, which is a network of legally independent companies. Worldwide network of member firms number about 15,000 employees in 400 offices in 125 countries.