Finance
Sh Suhyup Bank secures internal ratings-based approval for credit risk
Sh Suhyup Bank said on Feb. 2 it received approval from the Financial Supervisory Service on Jan. 29 for its internal ratings-based approach to credit risk. The bank said it has over the past four years overhauled models, data, infrastructure, organisation, staffing and risk culture. It expects the move to improve its BIS ratio by more than 3 percentage points and plans to expand support for fishers and step up marine and fisheries finance and productive lending.
