Ceska Sporitelna maximizes profitability with optimized credit decisions
Client: Ceska Sporitelna
Challenge: Česká Spořitelna, the largest Czech bank in number of clients, sought to increase offers and acceptance rates on consumer loans without falling into the reduced-margins and high-risk trap that many of its competitors faced.
Solution: By implementing FICO® Decision Optimizer, FICO® Model Builder and FICO® Optimization Modeler, Česká has seen across-the-board improvements in consumer loan amounts, interest rates and application approvals.
Results: Increase in Portfolio Profits by 26%, increase in new sales by 29% and increase in average loan amounts by 8%.
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