Bankers have been urged to gather knowledge on Risk Management so that they can minimise the Credit Risk of their respective banks.

Chairman of ICCB Standing Committee on Banking Technique and Practice Muhammad A (Rumee) Ali made the appeal while inaugurating ICC workshop on Application of Rules for International Trade Finance in the city Thursday, said a press release.

The management of risk related to credit affects the profitability of the banks, he observed.

He said banks today are the largest financial institutions around the world, with branches and subsidiaries throughout everyone’s life.

However, commercial banks are facing risks when they are operating credit related activities, he pointed out.

Credit Risk is one of the most significant risks that banks face, considering that granting credit is one of the main sources of income in commercial banks, Mr Ali mentioned.

In his address, Mr Anis A Khan said there are no options to be skilled as a banker besides training.

In this connection, he appreciated continuous effort of the ICC Bangladesh to train up bankers at home and abroad.

Speaking at the workshop, Secretary General of the ICC Bangladesh Ataur Rahman focused on some of the ongoing important programme for the bankers organised by ICC Bangladesh regularly.

A total of 75 participants took part in the workshop.

Another workshop on the same topic will be held on June 1 and another 40 participants will take part in the workshop, the release added.