openPR Logo
Press release

Argenta, a major Belgian bank, selects riskpro™ for Asset Liability Management, Value at Risk and Funds Transfer Pricing

12-07-2006 11:44 AM CET | IT, New Media & Software

Press release from: IRIS integrated risk management ag

Zurich, December 7, 2006 - Argenta, a top 5 Belgian retail bank, has selected riskpro™ as a core tool for its risk management. The project focuses on ALM, VaR and FTP. riskpro™ will replace the Bank's existing ALM tool which had a more limited scope. This is the third riskpro™ customer in Belgium.

Triggered by the growth of the Bank and by the demands of pillar II of the Basel II new capital accord, the Bank started a software evaluation project in Spring 2006. Implementation will start in January 2007, and will be executed in phases to produce first productive results with a minimum through time.

The Evaluation Team, led by Lode Vingerhoets, decided in Fall 2006 for riskpro™ for the following reasons: " riskpro™ offers broad and deep functionality in the area of Asset Liability Management. It provides the option to expand usage into other areas such as credit risk and regulatory reporting. The riskpro™ framework will support us in the calculation of economic capital."

Kris Luyten, Senior Consultant at IRIS AG, commented: " riskpro™ is the perfect tool for a growing and ambitious bank. It provides a low cost of entry because of its modular structure. At the same time it offers high scalability, both in terms of volume and functionality."

About riskpro™
riskpro™ enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro™ covers ALM, market and credit risk analytics including Exposure Analysis, Value at Risk, Funds Transfer Pricing, Dynamic Simulation, Basel I and II, Risk-Adjusted Performance Analysis, IFRS 39, etc. These analyses cover all financial products, from saving accounts to exotic options, for any type of accepted valuation method. The underlying universal contract-centric data model and calculation engine of riskpro™ ensures precision and consistency in all results. riskpro™ is currently being used or implemented in over 200 small to large financial organizations in 16 countries.

For more information, contact:

Lidia Suligoj
IRIS marketing & sales support coordinator
+41 (0)44 388 59 59

About IRIS
IRIS AG (, founded in 1992 in Zurich, continuously develops, maintains and supports its riskpro™ financial analysis infrastructure. Selling, implementation and consulting are executed worldwide by IRIS AG and in cooperation with a number of regional partners such as Accenture, ATOS, Bazy I Systemy Bankowe (Poland), d-fine (Germany), Intracom (Greece), Inventrix (Malaysia), etc.

About Argenta
Argenta is a leading retail bank in Belgium and is based in Antwerp. Its particular strengths are mortgages and savings products. The Bank also has international activities. The Bank prides itself on providing value for money for its customers and on being recognized as a cost leader and strong competitor among its peers. It has grown strongly in the past years and intends to keep on doing so.

At the end of the year 2005 Argenta Group employs 2005 staff and has a balance sheet total of € 22,7 billion, with a net profit of € 70,5 million.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Argenta, a major Belgian bank, selects riskpro™ for Asset Liability Management, Value at Risk and Funds Transfer Pricing here

News-ID: 13518 • Views: 1617

More Releases from IRIS integrated risk management ag

First standard interface between riskpro™ and BANKS®
Zurich, June 25, 2008 –Swiss software developer IRIS integrated risk management and Jordan system integrator Pio-Tech announce the availability of a new standard interface between the data of ICS-London’ core banking solution “BANKS®” and the enterprise-wide risk and profitability solution riskpro™ from IRIS. The new interface gives access to all the risk and financial analysis functions of riskpro™ for the BANKS® core banking users in a modular way. With it
IRIS expands its presence in Eastern Europe
Warsaw / Zurich, February 12, 2008 -- IRIS integrated risk management AG, a Swiss-headquartered international provider of advanced risk and financial analysis solutions for banks, insurers and corporations, announced today the creation of a sister company in Warsaw, Poland. The company, IRIS integrated risk management Polska Sp. z o.o., is active with a team of six since January 2008. Its mission is the local support and consulting of the existing
Dr. Sunil Kumar joins IRIS integrated risk management ag
Zurich, August 27, 2007 -- IRIS integrated risk management ( announces the appointment of Emirates Institute for Banking and Financial Studies’ former Senior Faculty and Head of International Certifications, Dr. Sunil Kumar. Dr. Sunil will contribute to the business development, brand building, consultation, and strategic evolution of IRIS in the Middle East region. He will be based in Dubai acting as a frontal point of contact for IRIS, being responsible
Ri$k Capital and Credit Risk 2007
IRIS will exhibit at Ri$k Capital 2007. Visit our stand in Hilton Paris from June 25 to 28. Join the experts on practical drilldown, implementation techniques and methodological advances in risk management and capital allocation for credit, market and operational risks. Information and registration to the event under: Or visit IRIS integrated risk management at Credit Risk 2007: the 12th European Credit Risk Conference, Marriott Vienna! This year, the

All 5 Releases

More Releases for Bank

Neo and Challenger Bank Market by Type of Bank (Neo Bank and Challenger Bank)
Neo and Challenger Bank Market is registering a CAGR of 50.6% during the forecast period 2016-2020. Neo and challenger bank market has witnessed healthy growth rate in terms of customer base over the past few years, and is expected to witness optimistic growth in the near future. Access Full Report: The global market is driven by factors such as government regulations, convenience offered to consumers, and low interest rates as compared
India Retail Loan Market 2018 - State Bank of India, ICICI Bank, HDFC Bank, Axis …
The growth in the retail finance disbursement would be largely driven by improving affordability, increasing propensity to consume and the fact that the penetration level of retail finance loans is still low. Retail Loan industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Retail Loan market size to maintain the average annual growth rate of X% from XXXX million $ in 2014
Load Bank
Load banks offer one of the most flexible ways to validate critical power systems and components. Load bank testing of power systems includes validating the operational conditions and output of electrical power systems such as generators, gas turbines, transformers, HVAC systems, UPS, batteries, and relays in various industries like oil and gas, power, healthcare, marine and defense, and telecom. It is also very effective in reducing wet stacking problems, removal
Blood Bank Market 2017 has announced the addition of the “Global Blood Bank Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Blood Bank industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and
Trend survey “Bank & Zukunft”
Latest edition in the survey series reveals trends and developments in the financial sector More than 365 decision-makers from the banking sector took part in the Bank & Zukunft 2014 trend survey. In rating current challenges and developments, their responses reveal that banks are generally optimistic about the future. The biggest challenges remain the difficult interest rate situation and how to implement consistent, customer-oriented service. Once a year as part of the
Kaupthing Bank Luxembourg acquires Robeco Bank Belgium
Reykjavik, Iceland--October 21st 2007--Kaupthing Bank Luxembourg S.A., a subsidiary of Kaupthing Bank hf., has signed an agreement by which Kaupthing Bank Luxembourg S.A. purchases Robeco Bank Belgium. Robeco Bank Belgium is a small Belgian bank that was founded in 2002 and focuses mainly on private banking and asset management. The bank has 32 employees and is based in Brussels and Antwerp. Robeco Bank Belgium has 6,800 clients. At the