AICB To Promote Bank Risk Management Qualification In The Philippines

KUALA LUMPUR, Oct 13 (Bernama) -- The Asian Institute of Chartered Bankers (AICB) has signed a collaboration agreement with the Ateneo Bankers Association of the Philippines (BAP) Institute of Banking (AB-IB) to promote AICB's Bank Risk Management (BRM) Qualification in the Philippines.

In a joint statement here, AICB and AB-IB said, this partnership would further promote bankers in the Philippines to embark on their regional professional development journey as well as strengthen and broaden cooperation in the area of a professional capacity building between the two organisations.

"This cooperation is a positive step towards the ASEAN Banking Association's effort to standardise professional banking capacities among member countries," said the statement.

It said the BRM Qualification is a two-module intermediate level qualification which provides a qualitative introduction to bank risk management.

"It is a highly accessible guide to the practices and procedures for managing risk in banking in order to ensure banking practitioners possess an in-depth understanding of risk management principles and can practically apply themselves upon completing this qualification," it said.

The statement said the primary target for the BRM Qualification in the Philippines would be the banking practitioners working in the key area of risk management.

AICB is the professional body for the banking industry in Malaysia which focuses on elevating professional and ethical standards of banking practitioners.