We are experts in providing credit management solutions across the credit life-cycle
Principa have worked with a variety of banks within South Africa and throughout the African continent to help improve their credit management across the credit life-cycle.
Principa offers a variety of products and services to help banks overcome the challenges of credit risk management. This ranges from analytics, to advisory and software. Principa offers the following solutions:
A key focus for banks since 2016 (the regulations had to be adopted by 1 January 2018) has been the institution of a new standard in bad debt provision calculation – IFRS9. Principa has worked with banks across a wide range of products (from term loans, asset finance, to SME and commercial) to help build, review and manage their monthly IFRS9 calculations. Frequently Principa are called upon to offer Audit support or introduce economic models into the calculation.