Introduction to Credit Risk Analysis

The ICAP - Risk Training Institute and the Centre for Lifelong Learning of the University of Piraeus create for the first time an integrated professional Mastering Credit Risk programme for credit risk managers.

The thematic areas of the "Mastering Credit Risk" training programme, the training method, examinations, and accreditation by the   University of Piraeus  guarantee the provision of essential and practical knowlege, with the sole purpose of upgrading the role of credit management executives, which involves better cash flow, collection, and profitability results for companies.

The Module "Introduction to Credit Risk Analysis as a part of the broader training programme "Mastering Credit Risk", offers the opportunity to the participants to attend it  as an independent seminar and be awarded the relevant  Certificate of Attendance by the Centre for Lifelong Learning of the University of Piraeus.  For the attendance of each module, ECVETs are awarded, while corporate participants can also subsidized by OAED-LAEK.


The purpose of the seminar is to provide essential knowledge to define, evaluate, and rate credit risk, which results from credit offered to existing or new customers-companies, for early diagnosis and taking necessary action, in order to secure credit transactions.

Target Audience

  • Entrepreneurs
  • Financial Management and Credit Control Executives
  • Business Management and Marketing Executives
  • Supply Chain Executives

Subject Areas

  • What is credit
  • How the credit market works
  • Advantages of credit
  • Disadvantages of credit
  • Banks and lines of credit
  • How credit risk is generated
  • The 5Cs of credit risk

The role of credit risk management

  • What is credit risk management
  • How credit risk management differs from credit risk analysis
  • -
  • The structure of credit risk management
  • The objectives of credit risk management
  • The process and stages of credit risk management

Credit Policy

  • Credit risk rating scale (examples of Moody’s, S&P & IBHS)
  • Estimating the probability of default for a company
  • Setting credit limits in practice
  • Running the Credit Control Department
  • Human resources
  • Computerization
  • Data collection
  • Customer evaluation and selection
  • Financial behavior ratios
  • Scorecards
  • Altman’s Z-score
  • Customer follow-up
  • Staff training
  • The role of the collection manager
  • Credit management rules
  • Internal Audit
  • Efficient collection of receivables
  • Collection of overdue debts
  • Tools to secure receivables
    • Credit risk collaterals
    • Credit insurance
  • Credit risk pricing

What you will learn

  • You will become familiar with, and appreciate the importance of the credit cycle
  • You will better understand the current state of credit markets
  • You will understand more the importance of evaluation in credit analysis and learn relevant (evaluation) ratios and models
  • You will improve the forecasting ability
  • You will learn more about the relationship between the qualitative and quantitative aspects of credit analysis.
  • You will become familiar with the calculation and interpretation of key financial ratios that are used in the credit rating process that is followed by recognized rating companies
  • You will become familiar with various tools of the market
  • You will be able to evaluate the Credit Policy and make remedial decisions

Πρόγραμμα Σεμιναρίου

1η & 2η Διδακτική Ώρα
3η & 4η Διδακτική Ώρα
5η Διδακτική Ώρα
30 Οκτωβρίου
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
31 Οκτωβρίου
10.30 - 12.00
12.00 - 12.15
12.15 - 13.45
5 Νοεμβρίου
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
6 Νοεμβρίου
18.30 - 20.00
9 Νοεμβρίου
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
11 Νοεμβρίου
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45

Course Start Date
October 2020

Cost of Attendance

  • 22 Hours
  • Synchronous e-Learning
  • Attendance Certificate
  • Subsidized by LAEK


Michael Samonas
Michael SamonasCFO of the SIDMA Group


George Katsifas
George KatsifasCredit & Treasury Controller SIDMA