Gruppo Banca Lombarda Implements New Credit Risk Assessment to Comply With International Guidelines

Overview

With more than 780 branches, 1.4 million customers and total assets under management of 68.4 billion euros (as of Dec. 31, 2004), Gruppo Banca Lombarda is one of Italy's top 10 banking groups. The challenge was to implement an Internal Ratings-Based (IRB) approach for determining credit risk that satisfies the Basel II guidelines and allows Gruppo Banca Lombarda to better ensure capital adequacy. Gruppo Banca Lombarda implemented IBM DB2 Universal Database Enterprise Server Edition V8.1, IBM System p5 and Clementine from SPSS, Inc.