Team Softlogic head to Germany for ALM finals

Thursday, 9 May 2013 00:06 - - {{hitsCtrl.values.hits}}

Softlogic Finance PLC is delighted to announce that its team is one of four institutions globally to qualify for the finals of the Asset and Liability Management competition to be held at DEG Headquarters in Cologne, Germany from 5 to 7 June. Team Softlogic performed best within the Asia/Europe Group, thus qualifying for Phase II of the 2013 ALM Competition.

The competition now in its sixth year is conducted for clients of FMO, DEG and Proparco which are all development finance institutions of international repute with considerable exposure and strong relationships with a multitude of banks, corporates and non-bank financial institutions in Sri Lanka.The first phase of the competition that was conducted ‘online’ started on Wednesday, 20 February 2013 and was on until Friday, 3 May 2013. A total of 25 banks participated from around the globe covering regions from Latin America, Africa, Europe and Asia. Participating banks managed through a simulator process, their institutions for a total of four quarters (one financial year). Teams on average made one decision every two weeks.