Download Tag: CREDIT ADMINISTRATION

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The banks and other financial institutions decree (BOFIA) 1991, defines a bank as “a person, institution licensed to receive money as deposit which could be undertaken either through advertisement or solicitation and limited to a fixed amount which may provide for interest payment or re-payment of deposit amount.” Banks as financial intermediaries are very significant in the economy of every nation. The ...

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CHAPTER ONE INTRODUCTION 1.1   Background of the Study This research work focuses on the effects of credit administration and control on the development of cooperative society. Credit administration and control functions as a good instrument that brings about rapid development in the cooperative  sector. It can be regarded as the essence of   financial  instruction in an  economy, therefore the formulation  and implementation  of sound and  solid credit polices  and  control are ...

CHAPTER ONE INTRODUCTION 1.1    Background of the Study Essentially, banks originally emerged as deposit takers. They eventually metamorphosed into intermediates of funds and thereby started assuming credit risk. Credit, thus, became the business of banking, and the primary basis on which a bank’s quality and performance are judged. Empirical studies of banking crises all over the world have shown that poor assets quality (predominantly loan) has been the most frequent ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY Risk Management is the identification assessment and prioritization of risks. It is the effect of uncertainty on objectives, whether positive or negative followed by coordinated and economical application of resources to monitor and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities (Okeh, 2006). The survival of every commercial bank depends on its ability to manage its ...