DIFK staff has concluded a study visit at GBB Rating

Mr. Vllaznim Bytyqi, a Senior Finance Officer has concluded a study visit at GBB-Rating Gesellschaft für Bonitätsbeurteilung mbH ( “GBB Rating”). GBB Rating is an independent rating agency with a focus on rating of banks and other financial institutions. GBB rating provides tailored rating services for banks members of Deposit Insurance scheme in Germany.

The purpose of study visit was to learn about GBB ratings system focusing on internal bank ratings that are used to assess risk adjusted of premiums for contributions of voluntary deposit protection scheme.

DIFK is expected to benefit from staff knowledge gained from study visit especially on back testing, validation procedures to determine discriminating power of rating models (risk function) applied for bank risk differentiation.

GBB-Rating Gesellschaft für Bonitätsbeurteilung mbH is owned by the Auditing Association of German Banks (Prüfungsverband deutscher Banken e.V.) but acting as separate entity, based in Cologne (Köln) Germany. GBB Rating is registered by European Securities and Markets Authority (ESMA), Paris.