Under the four-year EU-funded SMART Myanmar 2.0 project in which ADFIAP is one of the implementing project partners, the ADFIAP Consulting (AC) team of Atty. Alberto Reyno, Ms. Cecilia Ibarra, Ms. Arlene Orencia, and Ms. Carmen Cintura, conducted simultaneous seminar-workshops on risk-based credit assessment tools to credit officers and staff of Myanmar Citizens Bank (MCB) and A Bank and on green finance for Ayeyarwady Bank’s (AYA Bank) new credit officers and relationship managers of its branch banking group.
The risk-based credit assessment tools seminar-workshops were conducted in the bank premises of MCB (held on September 10-11, 2019) and A Bank (held on September 12-13, 2019) and were attended by thirty-five (35) and seventeen (17) participants, respectively. The training provided the participants of both banks the basic skills and tools needed in evaluating project proposals taking into consideration the numerous project and credit risks faced by the banks in their desire to provide financial assistance to their clients. Among the topics were concept of risk and the project risks, risk management framework, key components of risk management and accountabilities, critical factors in risk management and early warning signals, promoting environmental and social risk management, sustainable finance, bank risk rating and financial risk rating, and green components in the credit scoring process.
Forty (40) credit officers attended the 2-day Green Finance Training Program held on September 14-15, 2019 at the AYA Bank Myittar Nyunt Training Center in Yangon. The training provided the participants with the full and basic knowledge on the green finance credit cycle and lending process and an overview of the importance of the financial statements and the credit scoring tool in risk based credit evaluation. Topics in the training program included the green credit cycle and the lending process, environmental and social impact assessment, financial statement analysis of green projects, construction of financial statements for MSMEs, validation and reconstruction of financial statements, project risks and risk mitigants and credit scoring overview. The training was capped by discussions of case studies and exercise applying all the learnings with focus on green finance and credit scoring.
The SMART Myanmar 2.0 project http://www.smartmyanmar.org is a 4-year EU-funded project aimed at improving production and increase consumption of sustainably-produced garments from Myanmar through up-scaling and improving on best practice mechanisms developed and implemented during SMART Myanmar 1.0.
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