Examine Bank Credit Policies And It’s Relevance To Economic Development. (a Study Of First Bank Plc Ozoro)

CHAPTER ONE
INTRODUCTION
1.1    BACKGROUND OF STUDY
Credit policies are rules and regulations as well as other consideration that guide a bank or other financial institution credit decision taking includes who receives the credit, the amount of credit and organization structure for it’s distribution, Robere (2007), states that a bank credit policy should set out the bank lending philosophy and objectives including, appraisal for implementation, monitoring, appraisal and review.
In a rational profit maximizing world, banks should maintain a credit policy of lending if only if…