RISK ASSESSMENT AND CONTROL IN CREDIT ADMINISTRATION IN BANKS
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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