SIS Credit received an institutional rating BB-
In 2015 SIS Credit has been selected by the European Investment Bank as beneficiary under the EU Programme for Employment and Social Innovation- EaSI Technical assistance. As a result in June 2016 the company received an institutional rating BB- with stable outlook set by the international rating agency Microfinanza rating. This result is a proof, on the first place- for our strive being responsible and transparent in our relations with clients and partners, on the second place- for the efforts made by our team for our short history to comply with the high standards in the sector, and last but not least- this result puts SIS Credit in the group of good and perspective European microfinance institutions.
SIS Credit with great result from an independent assessment regarding good practices in microfinance
SIS Credit complies with 19 priority clauses (out of 23) and 81% of the weighted total of all 121 applicable clauses of the European Code of Good Conduct for Microcredit Provision.
For a full compliance with The Code is considered the company to be up to all 23 priority clauses and 80% of the weighted total of the applicable clauses. Although not complying in full with the European Code, the financial institution has shown a very high result and commitment to the requirements.
In 2015 among the priorities of SIS' management will be the full compliance with The Code.
One of the strategic goals of SIS Credit is to work in line with the best European and international practices. This was the main reason why in July 2014 the Board of directors decided to sign-up an official declaration of commitment in front of the European Commission that all the requirements of The Code shall be applied within the term of 18 months of the date of signature.
Meanwhile SIS Credit had been selected among more than 100 members of Microfinance Center- Poland to be partner in a project regarding what is the level of compliance of European-based MFIs with European standards for good governance and customer care.
In October 2014 the assessment was performed on place, in Bulgaria, by two independent experts from the MFC. During the one-week visit the experts revised all policies and procedures of the institution, met with the management, all employees at Headquarters and clients and visited two branches.
The final report reveals that SIS Credit is developing in line with the standards in the microfinance sector.
SIS is number 1 investment intermediary on BSE-Sofia for 2014
After 16 years on the market SIS finally succeeded to become number 1 in 2014 in terms of realized turnover on the Bulgarian Stock Exchange. With BGN 219 821 982 SIS has made 14% from the total turnover for 2014 on BSE. This is a great honor for the SIS team after so many years being among the best, but not having become number 1. This wouldn’t happen without all our clients, who put their trust in SIS and have been with us for so many years.more..
Here are the final results as of 31 December 2014:
|Investment intermediary||Turnover (BGN)|
|“Sofia International Securities” JSC||219 821 982|
|“First Finacial Brokerage House” JSC||198 951 416|
|“Corporate Commercial Bank” JSC||198 348 003|
|ИП “Елана Трейдинг” АД||145 994 499|
|“Elana Trading” JSC||115 279 392|
What we did last year?
We launched a new platform for trading on the BSE, which is not just an improved version of the previous one, but a brand new solution that has come as a result from all your recommendations and requirements that we received. And this is only the beginning for SIS Invest 2.0.
In 2014 we successfully introduced also a new platform for trading on the world markets- Xact Trading. With it you could monitor all your investments all over the world from each device, which we hope to be more contributive to your successes.
At the year-end we also introduced on our website the clients’ solution “My SIS room”. There you could communicate with us fast and easy, which save lot of time and efforts for you and for us as well.
For 2015 we wish you never stop giving us your valuable feedback in order to be in the position to continue providing you the best service.
SIS Credit with rating BB-
We are proud that SIS Credit is among the little Bulgarian non-bank financial institutions that have been rated. In 2016 we received an institutional rating BB- with stable outlook, set by the international rating agency Microfinanza rating.
CRUCIAL FOR CLIENTS
In reliance to many request for help from clients regarding unscrupulous financial institutions, we decided to write down some valuable advices to you. Learn how to avoid being in a position to deal with disloyal institution and what to look at by signing a contract.
SIS CREDIT: ASSESSMENT
SIS Credit has received high score in a compliance with the European Code of Good Conduct assessment. The final report prepared by Microfinance Center- Poland shows that SIS is developing in line with the international standards in the microfinance sector.