First Implementation of IFRS9 Solution in B&H

Asseco SEE has agreed the first implementation of IFRS9 solution in B&H with Privredna Banka Sarajevo.

IFRS 9 Impairment Solution is an application for automatic calculation of impairment in accordance with the IFRS 9 methodology and represents a complete software solution for credit risk management.

IFRS 9 Impairment Solution enables banks to calculate and book impairments in accordance with the IFRS9 methodology and internal procedures of the bank.

Despite international competition Asseco SEE was selected by the bank thanks to its broad experience in similar projects.

This is the first agreed project between Asseco SEE and Privredna Banka Sarajevo and probably the beginning of a successful cooperation.