Fitch launches in Egypt is first international Credit Academy and certification

11-06-2019 11:07 PM

Usama Fayez

Fitch Learning has announced it will be launching in Egypt its first International Credit Academy and certification, in partnership with MASAR.

The international ratings agency said on its website that Egypt was one of the world’s most promising emerging markets, and that was evident through the recent economic development that resulted from the implementation of its economic reform programme and the Egyptian Government’s ambitious plans and commitment to foster youth development and career enhancement for Egyptian professionals. “Fitch Learning takes pride in transferring its knowledge and solutions to the Egyptian financial sector to further enhance the advancement of financial professionals by starting its international Credit Academy and certification in Egypt for the first time locally in Partnership with MASAR.

“As one of the largest providers of Financial Services training worldwide within established financial hubs, including London, New York, Singapore, Dubai and Hong Kong, Fitch Learning is already recognised as the lead expert, offering a wide range of courses, workshops and certificates for financial professionals, specifically created to deepen knowledge, develop skills and enhance conduct across fast paced financial markets globally. The learning solutions it provides encompass expert faculty, e-learning, coaching and blended candidate assessments, which collectively combine to improve individual contribution and also deliver positive business outcomes.”

“The launch of the first-time international Academy and certification,” Fitch Learning went on to say, “will be offered locally through providing two credit academies in Egypt starting June 2019 and for eight consecutive weeks full-time, as the two academies are geared towards training credit and risk financial professionals in order to better manage credit portfolios for big companies and SMEs with global excellence.”

The Learning curriculum provided by Fitch Learning consists of several intensive financial modules: International Accounting Standards, Financial Analysis Techniques, Economic Research Analysis, Financial Valuation, Building Complex Financial Models, International Project Finance, SMEs Financing, Rating Methodologies, Real Estate Financing, Infrastructure and Project Financing and Global Credit and Financing Structures/Methodologies. The programme is specifically designed to improve the skills of financial professionals to better understand the complex operational nature of today’s international financial markets. In addition, Fitch Learning said, the programme provides a level of international exposure to participants to support their knowledge transfer in the growing and dynamic Egyptian market. Upon completion, successful participants will receive the Fitch Learning International Credit Certification.

Fitch Learning said it was pleased to partner with MASAR which has an excellent track record and a team with international expertise.

“We’re excited to launch the Academies to mark the start of Fitch Group’s strong presence in the Egyptian market and Africa,” said Andreas Karaiskos, Chief Executive Officer of Fitch Learning.

Dalia Khorshid, Chairwoman and CEO of MASAR said that: “The Egyptian market is offering investors an attractive variety of investment opportunities, and it is important for us that our young professionals not only understand the singularity of operating in this emerging market, but can address the complexities of operating in a global market and be able to navigate through the complex financial and economic challenges. The international trust in the Fitch Group’s capabilities and its global presence will enrich the Egyptian financial sector through various ways, the most important of which is supporting the Egyptian professionals with the latest international learning programmes.”

Fitch Ratings recently upgraded Egypt to B+/Stable Outlook.

Watani International

11 June 2019

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