ABC partners with Moody’s to implement unified credit culture
ABC’s credit culture has evolved as a combination of policies, practices, experience, values and management attitudes but, perhaps most importantly; it is a function of its core Arab World strategy, its product skills and traditional knowledge of the region. The appointment follows a rigorous and competitive tender process that took place at the start of 2012.
The primary objective for ABC is to strengthen the bank’s credit risk and relationship management processes and establish a consistent approach to credit assessment and processing throughout its network across 21 countries in the Middle East and North Africa, Europe, the Americas and Asia.
“This is a high-profile learning initiative for ABC and investing in our people, building their skills and thereby adding to the strength of our risk and relationship management capabilities are a key strategic objective for us. Credit culture is not a policy document, constant employee development helps to ensure that it is embedded in our thoughts, our decisions and our actions,” Vijay Srivastava, Group Chief Credit and Risk Officer at ABC, said.
“ABC Group wide is redoubling its efforts with building capabilities internally. Group wide efforts in the areas of Leadership, self and people management, and Credit Culture supplement existing country specific programmes,” Ian Gore, Group Head of Human Resources, said.
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