Jordan banks gain risk expertise: Moody's partnership expands

view of the Amman cityscape
(File photo: Jordan News)
AMMAN – On Saturday, the Jordanian Institute of Banking Studies (IBS) and Moody's Analytics, one of the largest credit rating agencies in the world, signed an expanded version of their partnership agreement.اضافة اعلان

The IBS Director, Dr. Riyad Hindawi, and the Director of Moody’s Analytics Middle East, Suhail Shamiya, signed the partnership agreement, Jordan News Agency, Petra reported.

The partnership aims to enhance the "advanced" training opportunities offered to professionals in the Kingdom's banking and financial sector by enriching specialized seminars offered by IBS in cooperation with this international institution since 2015.

The agreement also seeks to launch an international professional certificate that carries global recognition in the field of credit commercial evaluation, dubbed "Certificate in Commercial Credit (CICC)".

Speaking at the signing ceremony, Hindawi praised the partnership's importance for the local banking and financial sector and the expected role of the CICC in enhancing the capabilities of Jordan's banking professionals and developing their skills in evaluating commercial credit, which contributes to boosting the durability of credit portfolios, controlling their default possibilities, and increasing their profitability.

Hindawi noted that IBS will implement the agreement "directly" by holding multiple specialized seminars, adding that the CICC program will also be launched in Arabic and English during the second quarter of this year.

For his part, Shamiya noted that CICC is one of the most important internationally recognized certificates in commercial credit evaluation and is the gold standard in the world's credit field, which would contribute to raising the cognitive and technical competencies of Jordan's credit employees by increasing their capacity to identify the potential impact of credit portfolio risks, conduct borrower analysis, risk identification, and conduct financing solutions.

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