Valuation for secured lending purpose in crisis conditions
On 9th June 2015, Sergey Mineyev, Managing partner of TurkmenExpert has participated in the business seminar “Valuation for secured lending” organized by RICS Russia office under support of the Higher school of business and management at the International University of Moscow, Russia.
The seminar was prepared by Vladislav Myaghkov MRICS, EY based on numerous requests of experts engaged in valuation due to recent obstacles in financial market and restrictions implemented by foreign banks, and decreased investments in Russia and CIS countries.
At seminar there were considered number of questions related to valuation for secured lending, valuation of real estates, basic principles for valuation of pledges, application of standard approaches to valuation of various objects, requirements to valuation reports’ content, requirements of international valuation standards IVSC-2013, RICS-2014, TEGOVA, USPAP, and etc.
Based on the results, and knowledge and skills obtained at the seminar, TurkmenExpert plans to organize an internal seminar for company specialists in order to highlight international practical aspects and specificity of valuation for secured lending in crisis conditions.