Credit Management In Banking Sector (a Case Study Of Skyle Bank)

CREDIT MANAGEMENT IN BANKING SECTOR(A CASE STUDY OF SKYLE BANK)CHAPTER ONEI.0    INTRODUCTIONThe purpose of credit in banks is to earn interest and make profit. It follows that principles of goods lending shall be concerned with ensuring, so far as possible that the borrower will be able to make scheduled payments with interest in full and within the required time period otherwise, the profit from an interest earned is reduced or even wiped out by the bad debt when the customer eventually defaults.Credit management is concerned primarily with managing debtors and financing debts…