Год выпуска: 2013 Автор: Teclah Tuwei,Meshach Katam and Oscar Sangoro Издательство: LAP Lambert Academic Publishing Страниц: 80 ISBN: 9783659349645
Описание
Over the years, financial institutions have faced difficulties for a number of reasons, but the major cause of serious banking problems continues to be directly related to credit defaults as seen in the large portfolio of nonperforming loans in the different banks in the world. Credit being the main earning asset of a bank, its default affects commercial banks' performance by reducing profits and increasing the costs of operation. Among the effects of credit default rated highly include: reduction of profits,increased costs of operation and the slowing down of economic growth. Outright default, exposure position and inability of customer to finance the debt due to eventualities not foreseen at the time of the contract are the major causes of Credit default. To mitigate this risk bank management should ensure that superior strategies for lending, managing and recovery of credit are up and running and must be continuously improved. This is a resourceful book for all financial...
