What is the object of the project?

Object of the contract, is:

• the supply and installation of an Electronic Document Management Information System;
• the digitalisation (scan and scan metadata) of the loan files that have been granted by the Deposits and Loans Fund;
• the data extraction and entry for the electronic exploitation of the content of the loan files of the borrowers and
• the relevant training of the staff of the Deposits and Loans Fund.

What is the aim of the project?

Aim of the project is the optimal management of the information of the loan portfolio of the Deposits and Loans Fund, with the creation of:

• a complete and up-to-date database for all the loans, with the collateral corresponding to each loan, as well as
• keeping an updated valuation basis of these collaterals, for determining the credit risk.

The information and meta-information will ensure compliance of the Deposits and Loans Fund with the respective requirements of the Bank of Greece and the application of IFRS 9.

What are the main objectives of the project and the expected benefits from its implementation?

The main objectives and the expected benefits of the project are:

• The optimisation of the document search process from the loan archive, so that the availability of the relevant information is easier.
• The protection of the archive from damages and losses through digitalisation.
• The compliance with the requirements of the Bank of Greece, regarding the retention and update of the data required for the National Granular Credit Database (Anacredit).
• The support of the legal actions of the Deposits and Loans Fund, in connection with the loan portfolio.
• The support of the needs of the Deposits and Loans Fund for the generation of financial data in accordance with IFRS 9.