The decisions of Cooperative Development Bank are based on risk management
According to the financial news report, quoted from the public relations of Tehseh Cooperative Bank, Mohammad Jafar Irani, a member of the board of directors of Tehseh Tehsav Bank, as the head of the high risk management committee of the bank, stated: This bank, as one of the development banks in the banking network, has various cash flows. and manages and organizes credit.
He added: The operations of the Cooperative Development Bank are carried out in professional frameworks and in accordance with financial and accounting standards, therefore, while the bank carries out equipment and allocation operations in a targeted manner and with a developmental approach, the requirements related to risk management is also in mind to be able to continuously maintain the quality of development banking operations.
Irani emphasized: The risk committee of the Cooperative Bank, consisting of the scientific elites of this field and the presence of specialized colleagues in various banking fields, is trying to help the bank in effective activities in the main path of development banking.
He explained: The Cooperative Development Bank has achieved a growing performance in the recent years by relying on the smart decisions of the senior managers and the high risk management committee and the efforts and measures of the executive colleagues at the branch and provincial level and in fulfilling the obligations related to the loan facilities. And job creation has also been successful.
The member of the Board of Directors of Tehsehe Cooperative Bank pointed out: The more complete the financial and banking knowledge of the bank employees and the more aware they are of various areas of risk, the less risky the bank’s activities will be in various areas of banking.
He stated: Risk management should be such that colleagues make informed decisions to carry out large and complex tasks and take into account the necessary measures to cover and manage risk.
This banking official pointed out: Sufficient systems and processes to identify, measure, monitor and control liquidity risk can help banks to maintain a stable liquidity situation and improve funding costs and methods of obtaining funds.
The member of the board of directors of Tehsehe Cooperative Bank continued: It is necessary for every bank to formulate plans to face possible events, these plans include managing liquidity crises and methods of compensating for short-term gaps in cash flows.
Irani explained: Liquidity risk strategy is actually the bank’s general approach to liquidity risk management, which includes the design of necessary policies and processes to manage this risk. In fact, the strategy includes the direction and general view of management towards liquidity risk, the level of risk taking and how to manage it, as well as the ability to withstand critical events.
He stated: The main goal of risk management is to measure all types of risk in order to control them; The first step in the comprehensive risk management system is to determine criteria to quantitatively calculate different types of risk and the limits of each of them.
This banking official said: Some reports can improve the decision-making process of senior managers, review of open market operations and interbank activities, gap analysis with two static and dynamic approaches, liquidity surplus and deficit report, overdue gap report, monthly monitoring. The liquidity coverage ratio, etc., which is carried out by the colleagues of the General Department of Risk Management, is among the reports that increase the level of managers’ effective decisions.
Irani stated: If the bank can take a complete approach and preparation regarding liquidity risk measurement and monitoring methods in the form of “Liquidity Risk Management Strategy”, then in fact it has adopted a comprehensive approach in managing the bank’s resources and expenses.
Mohammad Salmani, Deputy Managing Director of Cooperative Bank in Finance and Support, said: This deputy is theoretically and practically ready to participate in the risk committee’s decision making process and play a role so that the bank can engage in development banking activities in a stable state. .
In this meeting, which was attended by the secretaries of the High Committee of Risk Management and professor of risk management, Mehsa Mahmovand, the senior manager of the risk unit, and Tahereh Dunyai Haris, the head of the credit risk management expert group, gave comprehensive explanations about risk management and the topics of “composing a risk statement” Adaptability”, “Liquidity Risk Management Strategy Document Preparation” and “Inspection of Bank’s Credit Risk Appetite Index” were discussed.