Banks started implementing systems to evaluate credibility of clients in order to measure their credit risks based on the regulations brought onto the agenda of the global banking sector with the adoption of Basel II. Turkish Banks will start measuring credit risks using credit risk models and internal rating systems in parallel with the regulations enacted by BRSA in 2014.

The most important input of the models used by banks will be financial ratios and financial data of companies. For this purpose, in the medium-term, banks will impose conditions precedent for companies such as generation of accurate financial data, regular financial reporting and calculation of financial ratios.

As RoyalCert, we provide services to companies for accurate, reliable and regular financial reporting in parallel with the expectations of banks. Thus, our services ensure that companies already adapt to the conditions that may be brought forward by creditor banks in accordance with Basel II and BRSA regulations.

Services on Basel II Compliance:

-Development of Financial Reporting System
-Provision of Independent Audit Service