BOI Credit Officer study guide
BOI Credit Officer · Work through your exam, one topic at a time.
The BOI Credit Officer credential is aimed at bankers, analysts and development-finance staff who assess, approve and monitor credit exposures. It tests whether a candidate can read a set of financial statements and reach a defensible lending conclusion, not merely recall definitions. The BOI Credit Officer study guide has 9 sections and about 2,799 words.
01Credit Analysis and Financial Statement Analysis
This domain tests whether you can move from reported numbers to a defensible view of a borrower's capacity to repay. Expect ratio analysis, cash-flow spreading, EBITDA adjustment, and projection sanity checks.
308 words, about 2 min02Credit Risk Assessment and Rating
This domain tests how you convert analysis into a risk grade: probability of default, loss given default, exposure at default, scorecards, and the use of collateral and guarantees. It also tests rating migration and the discipline of applying a consistent scale.
326 words, about 2 min03Loan Structuring, Pricing, and Documentation
This domain tests whether you can design a facility that fits the borrower's cash cycle while protecting the lender: tenor, repayment profile, moratorium, covenants, security, conditions precedent, and a risk-based price. Match tenor and repayment to the asset being financed; a machine should not be repaid from a bullet after its useful life.
327 words, about 2 min04Credit Monitoring, Early Warning Signals, and Portfolio Management
This domain tests post-disbursement discipline: covenant testing, account conduct, watchlists, early warning signals, concentration limits, and portfolio-level risk appetite. It is about detecting deterioration before default.
315 words, about 2 min05Problem Loan Management and Recovery
This domain tests recognition, classification, provisioning, restructuring, and recovery of impaired credits. It rewards early action and realistic recovery assumptions, and penalizes evergreening.
296 words, about 1 min06Regulatory and Legal Framework for Lending
This domain tests the rules that constrain lending: the BOI enabling framework, BOFIA 2020, CBN prudential and credit rules, single-obligor and insider limits, credit reporting, and legal perfection of security. BOFIA 2020 and CBN circulars govern licensing, prudential limits, and credit conduct; the BOI Act defines the Bank's development-finance mandate.
310 words, about 2 min07Banking Operations, Treasury, and Funds Management
This domain tests how funding, liquidity, and asset-liability management affect lending decisions. It covers cost of funds, maturity mismatch, liquidity risk, and the operational mechanics from disbursement to repayment.
304 words, about 2 min08Accounting, Taxation, and Financial Reporting
This domain tests the reporting and tax treatment behind credit decisions: IFRS 9 impairment, revenue and asset recognition, deferred tax, withholding tax, VAT, and the deductibility of provisions and interest. Under IFRS 9, classify exposures into stages.
334 words, about 2 min09Professional Ethics and Governance
This domain tests conduct expected of a credit officer: conflicts of interest, confidentiality, gifts and inducements, related-party dealing, whistleblowing, and the governance around credit approvals. Declare actual, potential, and perceived conflicts; recuse yourself from the credit decision where a conflict exists.
279 words, about 1 min