Sri Lanka Institute of Credit Management (SLICM) was established in 1988 under the Companies Act No.17 of 1982. This was encouraged by the leading finance companies namely: The Finance Co PLC, Lanka Orix Leasing Co Ltd, Alliance Finance Co PLC, Central Finance Co PLC, Mercantile Credit Ltd and LB Finance Ltd.
It was started as a pioneering education project intended to fill a vacuum in the leasing and finance related companies in Sri Lanka. In the year 2000, Sri Lanka Institute of Credit Management was incorporated under a Parliamentary Act No. 07 of 2000.
Over the years SLICM has trained over 1500 students from over 100 financial institutions in the country. SLICM has provided well qualified graduates to banks, finance companies, leasing companies and a variety of trading companies. All Diploma Holders with experience in credit management can apply for Associate Membership of Sri Lanka Institute of Credit Management. These Associate Members can use the affix AICM-SL. In recognition of the SLICM’s standard of education the institute of Credit Management UK (ICM, UK) has granted Associate Membership to Diploma holders with experience in credit management, who have applied for membership in the ICM, UK.