Jamuna Bank organises training on expected credit loss framework

Business Desk :

Jamuna Bank PLC recently organized a training programme on implementing Expected Credit Loss (ECL) under IFRS 9 at the bank’s Training Academy in the city.

The training session was inaugurated by Jamuna Bank PLC Managing Director and Chief Executive Officer Mirza Elias Uddin Ahmed, who emphasised the importance of IFRS 9-compliant credit risk management, forward-looking loss assessment, and stringent regulatory compliance to ensure capital adequacy and sustainable financial performance. Manager of PricewaterhouseCoopers (PwC) Bangladesh, Abdur Rahman, conducted the session, delivering a comprehensive presentation on IFRS 9 requirements and the ECL framework.

His discussion included ECL modelling methodology, staging criteria (stage 1, stage 2, and stage 3), probability of default, loss given default, exposure at default, data requirements, and practical considerations for ECL implementation in line with Bangladesh Bank guidelines.

The training was attended by Additional Managing Director and Chief Operating Officer Md Abdus Salam; Deputy Managing Director and Chief Risk Officer Md Shahidul Islam; Deputy Managing Director and Head of Wholesale Banking Division Md Jahangir Alam; Director of PwC Bangladesh Sayaqua Moslem; and other divisional heads of the bank.

A total of 41 officials from the head office and various branches of Jamuna Bank PLC took part in the programme, representing different functional divisions.