Last March 7 – 9, 2013 SEDPI trained the middle managers of Community Rural Bank of Catmon (CRBC) on Financial Analysis in Catmon, Cebu. The course aims to equip the participants with knowledge and skills that would enable them to format basic financial statements, compute for basic financial ratios, utilize these ratios to analyze financial performance of the bank and propose solutions based on the analyses. The training was delivered as a part of the technical and mentoring assistance that SEDPI provides to CRBC.
With plans to expand and deepen its outreach in their current area of operation, CRBC recognized the need to capacitate their middle managers on how to further make sound managerial decisions based on accurate analysis of their financial performance. Through this, the middle managers will be able to understand more deeply the impact of operational processes to their performance. During the three-day training, the participants were also introduced to the industry standard of a number of important financial measures such as portfolio quality, efficiency, profitability and financial structure.
One of the participants mentioned that the training allowed them to understand financial statements which they were not adept with prior to the training. Another participant also added that the activities, which made use of their own financial statements, are a great help in terms of providing a format and step by step actions that they can follow when they compute for succeeding financial performance of the bank.
Both trainers from SEDPI, Ms. Emilenn Kate Sacdalan and Ms. Enid Madarcos, received excellent ratings from the participants.