20/07/2019
Sri Lanka Institute of Credit Management incorporated
The Sri Lanka Institute of Credit Management, which was established in 1988 under the Companies Act No. 17 of 1988 has now been incorporated under an Act of Parliament.
The Act referred to as the "Sri Lanka Institute of Credit Management (Incorporation) Act No. 7 of 2000" was certified by the Speaker on 27th March 2000.
The Institute which has been training management personnel for the past 19 years conducts a one year Diploma Course in Credit Management on completion of which, the successful candidates are admitted as Associate Members and are entitled to use the letters A.I.C.M. after their names.
The course itself is divided into two modules and covers subjects such as Credit Management, Business Environment, Accountancy and Finance and Business Law. The Institute which is housed at No. 154, Havelock Road, Colombo 5 has its own in-house Lecture hall, a news release said.
The students who follow this Diploma Course range from school leavers to graduates, professionally qualified accountants and bankers and those who are currently employed in the field of credit management.
The resource personnel consists of academics and those with years of practical experience in the field of finance and are now holding very senior positions in various financial organizations.
The Institute of Credit Management (England) has recognized this local diploma course and has granted exemptions from the intermediate stage of the examination conducted by the ICM (England).
At present, there are hundreds of associate members who have successfully completed the diploma course and passed its examinations and obtained associateship. This qualification has been recognized by banks, finance companies and other commercial establishments for promotions and employment.
In addition to running the Diploma Course, the Institute also conducts periodical seminars on current topics in the field of finance and credit management both in Colombo and Kandy
