← Erudite Africa Center of ExcellenceBank and MFICredit Analysis ProgramLevel 2 · Intermediate
Level 2: Credit Analysis and Appraisal
Judge a borrower, size and structure a facility, grade the risk and defend a recommendation
Take a mid-sized commercial request from spread statements to a committee-ready recommendation, using one Ethiopian manufacturer as a running case.
Start the course
0 of 5 modules completed
What you will be able to do
- Spread three years of statements and interpret trends in leverage, liquidity, profitability, activity and coverage
- Estimate working capital need, size an overdraft and test term loan repayment with DSCR
- Score a borrower on a five-parameter risk grading model
- Structure collateral, equity, covenants and price to the risk
- Write a credit analysis report and defend it before a credit committee
- For
- Credit officers with 1 to 3 years of experience, junior credit analysts and branch managers in Ethiopian banks and microfinance institutions who have completed Level 1 or have equivalent experience.
- Study time
- About 6 hours online, in 5 modules (10 hours in the classroom version)
- Each module
- Short lessons, animated visuals, Ethiopian examples, decisions to make, NBE rules and worked calculations, then a quiz
- Assessment
- A 20-question final exam; pass mark 70%
- Certificate
- Erudite Africa Center of Excellence certificate of completion
- Access
- Module 1 free for registered users; the full course, exam and certificate for subscribers
The 5 modules
- Module 01Free previewFinancial statement analysisRead three years of statements as a story of where cash came from and where it went, and spot when growth is eating a borrower's liquidity.6 lessons · 60 min · quiz
- Module 02Cash flow, working capital and repayment capacitySize a facility from the borrower's cash cycle and cash flow, not from what the customer asks for or what the collateral can carry.6 lessons · 65 min · quiz
- Module 03Credit risk gradingTurn judgment into a consistent, documented score that drives approval, collateral, pricing and follow-up intensity.6 lessons · 65 min · quiz
- Module 04Structuring and pricing the facilityShape security, the owner's stake, conditions and price so that the deal fits the risk the analysis has found.7 lessons · 70 min · quiz
- Module 05Account performance, the credit report and the committeePull the analysis into one written recommendation and defend it before a credit committee that asks hard questions.6 lessons · 70 min · quiz
- Officer simulationA week as credit analyst at Bank A, Adama branchWork as credit analyst: 10 real-life items, decisions with consequences and a hand-over note. Pass with 70% to qualify for the certificate.
- Final examFinal exam and certificate20 applied questions across all 5 modules. Pass with 70% to download your certificate.
Built on
- Erudite Africa training module: Level 2: Credit Analysis and Appraisal (October 2026)
- Erudite Africa: Credit Analysis Training Program overview (October 2026)
- A commercial bank's Revised Credit Procedure Manual (August 2025), unnamed
- NBE directives as listed in the lessons: SBB/87/2024, SBB/88/2024, SBB/90/2024, NBE/INT/13/2026, CRB/02/2019, MCR/01/2020
- Movable Property Security Right Proclamation No. 1147/2019
Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.