Burkina Faso: Banks receive training on credit risk

Nov 01, 2012

A workshop aimed at training bankers' credit risk assessment was held in Ouagadougou at the end of October.

Organised by the financial engineering firm ATTIA Consulting in partnership with the International energy and resources agency (AIRE), the conference drew participants from Mali, Burundi, the Democratic Republic of Congo and Burkina Faso.

They have followed several workshops on the use of management tools and analysis of credit risk, the importance of coordinated management, the concepts of mapping operational risks and the detection of early warning signals, Sidwaya Quotidien newspaper reported.

ATTIA Consulting CEO Maxime Ya Nébié believes that the lack of reliable financial information and the lack of guarantees can explain banks reluctance to support funding requests.

He highlighted the importance of implementing such training, which contributes to the protection of economic agents deposits and encourages a healthy financing of the economy.

Several officials of the Central Bank of Congo (BCC) also told Radio Okapi that some financial institutions currently provide credit without assessing the client's ability to pay and others do not even know that the client has other commitments elsewhere.

"Clearly, we must give banks modern and reliable technical tools to allow them to fully appreciate the bank credit risk in Africa," concluded Mr Ya Nébié .ADNFCR-2976-ID-801480508-ADNFCR