Union of
Credit Organizations of RA

On December 23-24 Risk Management training took place at UCORA for the union member credit organizations. The trainer was Ruben Gevorgyan from USAID FED who conducts GARP qualified courses at IAB training center. 25 employees from 8 Union's member credit organizations attended the training.

The following topics were discussed during the training:

• Introduction to Bank Risk Management,

• Identifying, Measuring, Monitoring Risk, Risk Classification,

• The Objectives of Risk Management,

• Risk Management Failures, Consequences of the Failure to Manage Risk and The Cost of Risk Management Failure,

• Organizational Structure of Risk Management in Banks,

• Credit Risk, Estimating Credit Losses, Expected Credit Losses, Unexpected Credit Losses, Expected Credit Losses and Loan Loss Reserves,

• Loan Policy and Credit Risk, Mission and Objectives of the Credit Portfolio, Lending Guidelines,

• Operating Guidelines, Credit Risk Assessment Framework, Credit Risk and Loan Pricing, Revaluing the Loan,

• Credit Model.