Lending Policies Of Commercial Banks To The Private Sector

CHAPTER ONE
INTRODUCTION
1.0    BACKGROUND OF STUDY
Commercial banks are in the services industry, in safe keeping of money and valuables, remitting foreign and domestic exchanges, collecting cheques, draft, notes and other obligations and behalf of other customer. According to Christian Ammer, Deans Ammer in their books dictionary of business and economics, defined commercial bank as “bank whose principal functions are to accept demand deposit and to make short medium and long term loans chiefly to business firms.
Before going into the origin of credit disbursement by comme…