Ibfcagusto launches credit training scheme

IBFCAgusto Training Limited said it has launched the e- learning version of its fundamentals of credit training programme aimed at ensuring that banks staff especially those with credit responsibilities, are equipped with appropriate tools ( including training) to execute their functions effectively.

According to Mrs. Titilayo Olujobi, Managing Director, IBFCAgusto Training Limited, the Nigerian banking crisis of 2009 exposed the knowledge gaps that existed in the banking sector as many members of staff did not have the requisite training and experience to take optimal credit decisions.

This, he said, was a contributing factor to the high level of nonperforming loans in the credit portfolios of several banks and to reduce the impact of a re- occurrence, it is pertinent for banks to ensure that staff embrace the credit training programme.

“e- learning is a cost effective approach to training, which is being adopted by institutions world- wide and often complements instructor- led methods. Its benefits include flexibility, scalability, time management and cost effectiveness. This informed the decision by IBFCAgusto to convert some of its courses to e- learning in line with global trends”, she said.

Building on the experience garnered over two decades in facilitating credit programs, Olujobi said IBFCAgusto has converted one of its flagship courses, into a highly interactive, self paced e- learning course with case studies and self assessments.