Amman, Nov. 8 (Petra) -- The Institute of Banking Studies (IBS) and CRIF Jordan signed a memorandum of understanding (MoU) on Sunday to enhance credit culture and develop professional skills among financial and banking sector personnel through specialized training and awareness programs focused on risk assessment and credit information application in financing decisions.
The MoU was signed by IBS Director Riyad Al-Hindawi and General Manager of CRIF Jordan Ahmad Amoudi, within the framework of cooperation to improve creditworthiness knowledge and raise awareness among institutions, individuals, and businesses.
Al-Hindawi stated that the agreement aligns with the institute's role in developing banking and financial competencies. It enables the leverage of CRIF Jordan’s technical expertise within practical training activities addressing credit reports, scoring levels, and risk indicators, which positively impacts operational efficiency in financial institutions.
He emphasized the importance of pairing professional training with community awareness, noting that understanding credit information is not limited to banking staff but extends to individuals and companies whose credit histories affect their financial transactions and access to financing.
For his part, Amoudi noted that collaborating with the institute represents a key step toward broadening the utilization of credit data, emphasizing that the quality of financing decisions relies not only on data availability but also on the ability to interpret, analyze, and deploy it properly in risk assessment.
He added that CRIF Jordan aims, through this partnership, to strengthen the knowledge of data providers and entities licensed by the Central Bank of Jordan (CBJ) regarding credit reports and risk metrics while fostering broader understanding among individuals and corporations regarding creditworthiness and timely debt settlement.
The MoU encompasses organizing short courses, seminars, and workshops, as well as launching joint awareness campaigns on credit evaluation and ways to improve credit scores.
The partnership also aims to increase understanding of how credit histories impact financial transactions for individuals and businesses, encouraging responsible access to finance.
//Petra// AF
