KPMG Tax and Advisory Limited signed an agreement with Viet Capital Bank on July 19 to offer consultancy for developing internal credit rating models at the bank.

KMPG will transfer knowledge on building A-score modelling and specific model management, with a focus on credit rating for retail products for individual customers and small and medium enterprises.

Viet Capital Bank is one of the lenders to have recently transformed into a modern retail bank.

A spokesperson for the bank said along with the existing loan origination system (LOS) the new internal credit rating system would speed up lending while also optimising risk management and gradually improving risk management models to ensure the banks always complies with the regulations of the State Bank of Viet Nam and remains abreast of international standards. — VNS