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 3000 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 Advanced Professional Diploma Holders who completes the research methodology and the  research report with two years of relevant practical experience in the  field  of Credit Management and 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  Chartered Institute of Credit Management UK (CICM,UK) has granted Associate Membership to Diploma holders with experience in Credit Management, who have applied for membership in the CICM, UK.