The conference was dedicated to the experience exchange on risk management in retail lending, effective prevention of fraud, low rate of loans repayment by individuals and the introduction of modern information technologies in these areas.
Extra Consulting company organized the event. Along with Piraeus Bank Global Association of Risk Management Professionals (GARP), SAP - one of the world's leading enterprise applications and First Ukrainian Bureau of Credit Histories.
During the conference members discussed the prospects of development of retail lending, tools and technologies for risk management in the retail sector, as well as approaches to deal with problem loans due to the Crimea annexation and the confrontation between the Eastern and Southern Ukraine.
Particular attention was gained by "Stress testing models and strategies of retail lending during crisis" seminar, which included introduction of credit portfolio stress testing parameters and pricing models according to the NBU, the development of macroeconomic stress scenarios according to the requirements of the National Bank and the Basel Committee, as well as obtaining practical knowledge and skills in advanced approaches to stress tests.
After the conference, a meeting of the Regional Office in Ukraine GARP on "Perception of risks by Ukrainian and international investors: main differences" took place.
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.