MANAMA, BAHRAIN – 23 December 2014 – Senior executives from Ithmaar Bank, a Bahrain-based Islamic retail bank, attended an intensive, four-day course that was specifically tailored for them by Bahrain Institute of Banking and Finance (BIBF).
The credit programme course, which was designed exclusively for Ithmaar Bank, focused on the latest credit assessment techniques and, in particular, on evaluating associated risks when financing middle to large market businesses. The course was delivered by Ashish Sarkar, a senior banking executive with more than twenty years of experience in credit analysis, credit risk management, corporate and international banking field.
In addition to the Ithmaar Bank Chief Executive Officer other members of the Bank’s management team attended the course which focused on industry and business cycle risk evaluations, analysing working capital and liquidity and the management of future debt servicing.
“Ithmaar Bank is committed to becoming one of the region’s premier Islamic retail banks,” said Ithmaar Bank Chief Executive Officer Ahmed Abdul Rahim. “It is a commitment we take very seriously and we recognise that, to realise this ambitious goal we must invest in continuously developing our products and services and as well as, most importantly, our people,” he said.
“Ithmaar Bank has long recognised its people as its greatest asset, and we continue to work to ensure they remain among the best in the financial services sector," said Abdul Rahim. “The credit training programme, for example, was specifically designed to meet our requirements and, in doing so, allows us to further improve credit assessment skills,” he said.
BIBF Deputy Director Dr Ahmed Al Shaikh stressed the value of investing in human resources skills to promote business performance.
“One of BIBF’s key objectives is to ensure that training programmes cater for meeting the needs of business development by providing quality and professional content as well as establishing strategic partnerships with international professional institutions”, he added.