HONOLULU, October 14, 2004: .Kamakura Corporation reported today that China Everbright Bank, one of the leading government-controlled banks in Beijing, has licensed the full Kamakura enterprise-wide software suite. China Everbright Bank has assets of more than $40 billion dollars and has earned a reputation as one of the most advanced practitioners of risk management in Asia. The Bank will use the Kamakura Risk Manager software system to manage the credit risk embedded in the Bank's growing commercial loan portfolio. Kamakura will also advise the Bank on credit risk modeling. Systems integration will be performed by Kamakura distributor Great Wall Software International and BearingPoint.
"Kamakura's leading edge credit risk technology is well known and well respected in China," said a senior official of Everbright's commercial credit risk team. "China Everbright Bank is dedicated to best practice by world-wide standards in risk management, so it was natural for us to turn to Kamakura for an integrated credit risk and Basel II solution."
"China Everbright Bank has already moved a long way toward a comprehensive set of credit risk management tools," said Dr. Donald R. van Deventer, Kamakura Chairman and Chief Executive Officer. "It is an honor for Kamakura to work with the Bank to implement the Kamakura Risk Manager system in Beijing. With the KRM platform, the Bank is very positioned to create shareholder value from instruments ranging from traditional commercial lending to complex structured credit transactions."