The Bahrain Financial Exchange training institute (BFX-TI) said it has achieved accreditation as an official provider of tuition for the Institute of Credit Management (ICM) qualifications.

BFX-TI is an internationally accredited training institute providing world class conventional and Islamic financial training and education courses.

The institute has become the first organization in Bahrain to receive this prestigious endorsement, said a statement from BFX, the Mena region’s first multi-class exchange.

Arshad Khan, managing director and CEO of the BFX and BCDC hailed the partnership as yet another significant milestone for the BFX-TI in its mission to provide outstanding training services to the financial and non-financial sector in Bahrain.

“We are firmly committed to empowering our clients by providing the highest level of quality training and qualifications at the BFX-TI,” he noted, “and the ICM is an ideal partner to further strengthen the institute’s position in Bahrain and the region as a whole.”

The ICM boasts 70 years experience in the field of credit management and is considered Europe’s largest organisation of its kind, focusing on trade, consumer and export credit, and all credit-related services.

Its course offerings will further augment the BFX-TI’s comprehensive choices of specialized curricula. The ICM’s list of courses include credit application processing, credit risk assessment, credit management, cash collections, debt recovery, negotiation and influencing, customer relations, amongst others.

Philip King, CEO of ICM also welcomed the affiliation with the BFX-TI, saying, 'The BFX-TI shares our belief that sound credit management policies are vital to business survival and growth.'

'The organisations with well-trained credit professionals not only enjoy shorter working capital cycles, reduced risks of bad debts, and timely collection of receivables, but also benefit from enhanced relations with their customers,' he added.-TradeArabia News Service