Credit Standard Bank started to introduce the SORC in early 2010, which is directed at creation of complex risks management system at the bank.

The bank said that the system is introduced to solve large number of issues and it will allow bank to introduce the SORC to daily business management, create information environment to register operational events, including self-assessment, ensure information exchange among the bank’s units, create and follow key risk indicators, form flexible reports in real time.

Currently, Credit Standard Bank works on final stage of introduction of the SORC elements and plans to launch full system in April. The launch of the system is another step of global project on introduction of the risk management. In next stage, the bank intends to launch market risks control system.

Credit Standard Bank was founded on 16 August 2010 with the charter capital of 1.3 billion soums. Headquarters of the bank is located in Tashkent. Assets of the bank made up 276 billion soums and own capital of the bank reached 34.904 billion soums as of 1 January 2011.