Mansour Bank Go Live with Pio-Tech’s IFRS9 Expected Credit Loss (ECL) Solution

Mansour Bank, a prominent and leading private financial institution in Iraq renowned for its robust corporate and retail banking services, has successfully go-live with Pio-Tech’s IFRS9 ECL Solution as part of its strategic initiatives to enhance risk management and the accuracy of financial reporting.

The go-live facilitates Mansour Bank’s automation of ECL calculations in accordance with IFRS9 standards, thereby promoting more consistent, transparent, and forward-looking credit risk evaluations across its portfolios. The solution encompasses essential components such as Probability of Default (PD), Loss Given Default (LGD), and Credit Conversion Factor (CCF), ensuring systematic and dependable provisioning procedures.

With the implementation of Pio-Tech’s IFRS9 system, the bank fully automates its capacity to monitor credit quality, evaluate risk exposure, and apply standardized methodologies across various financial instruments. This development contributes to strengthened portfolio oversight, enhanced reporting consistency, and better compliance with regulatory and audit standards.

The activation of the IFRS9 system signifies Mansour Bank’s ongoing commitment to operational excellence, regulatory compliance, and sustainable growth within Iraq’s dynamic banking sector.