Restructuring Plan and Exit from Resolution
3 Risk and Credit Management
End-to-end processes are being strengthened to reverse trends in asset quality
•
Risk
Management
Governance
Centralized Risk
division, led by an
independent CRO
• Clear and separate
organizational
responsibility for credit
risk processes
-
-
-
-
Business/credit
origination
Credit sanctioning
Credit monitoring
Workout and
recovery
Strict Credit
Sanctioning
Clearly defined
sanctioning authorities,
with branch manager
limits revoked
• Strict credit criteria
across portfolios (e.g.,
avoided sectors, LTV,
DTI)
Frequent review of credit
limits and credit
concentrations
•
Proactive Delinquency
Management &
Recovery
Clear assignment of
responsibility for early/late
collections, workout and
recoveries
• Introduction of transparent
criteria for transfer between
different stages of
delinquency
• Launch of pre-packaged
risk mitigation products for
Retail and SME customers
• "Crash" 90+ dpd programs
across all portfolios
Bank of Cyprus
KOINO
KYMPI
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