Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 82 views

    Preface: United Commercial Bank Limited M. Shahjahan Bhuiyan Head Office, Dhaka Managing Director

    Uploaded by

    balal_hossain_1
    This document introduces a new Credit Risk Management policy manual for a commercial bank in Bangladesh to replace its previous Credit Policy and Process Manual. It explains that identifying, assessing, measuring, monitoring, managing, and controlling credit risk is critical for a bank's financial soundness and profitability. The new, more comprehensive policy manual was approved by the bank's Board of Directors and aims to smoothly handle credit affairs and facilities. The document notes that the policy may require future changes and improvements, and credit officers will also follow credit circulars issued by the central bank of Bangladesh and the bank's head office over time.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Preface: United Commercial Bank Limited M. Shahjahan Bhuiyan Head Office, Dhaka Managing Director

    Uploaded by

    balal_hossain_1
    82 views1 page
    This document introduces a new Credit Risk Management policy manual for a commercial bank in Bangladesh to replace its previous Credit Policy and Process Manual. It explains that identifying, assessing, measuring, monitoring, managing, and controlling credit risk is critical for a bank's financial soundness and profitability. The new, more comprehensive policy manual was approved by the bank's Board of Directors and aims to smoothly handle credit affairs and facilities. The document notes that the policy may require future changes and improvements, and credit officers will also follow credit circulars issued by the central bank of Bangladesh and the bank's head office over time.

    Original Description:

    fygfuhu

    Original Title

    0.0Preface

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document introduces a new Credit Risk Management policy manual for a commercial bank in Bangladesh to replace its previous Credit Policy and Process Manual. It explains that identifying, assessing, measuring, monitoring, managing, and controlling credit risk is critical for a bank's financial soundness and profitability. The new, more comprehensive policy manual was approved by the bank's Board of Directors and aims to smoothly handle credit affairs and facilities. The document notes that the policy may require future changes and improvements, and credit officers will also follow credit circulars issued by the central bank of Bangladesh and the bank's head office over time.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    82 views1 page

    Preface: United Commercial Bank Limited M. Shahjahan Bhuiyan Head Office, Dhaka Managing Director

    Uploaded by

    balal_hossain_1
    This document introduces a new Credit Risk Management policy manual for a commercial bank in Bangladesh to replace its previous Credit Policy and Process Manual. It explains that identifying, assessing, measuring, monitoring, managing, and controlling credit risk is critical for a bank's financial soundness and profitability. The new, more comprehensive policy manual was approved by the bank's Board of Directors and aims to smoothly handle credit affairs and facilities. The document notes that the policy may require future changes and improvements, and credit officers will also follow credit circulars issued by the central bank of Bangladesh and the bank's head office over time.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    PR E FAC E

    Risk is an inherent part of Banks business and activities. The extent to which the Bank
    properly and effectively identifies, assesses, measures, monitors, manages and controls each
    credit risk, is critical to its financial soundness and profitability. In order to establish an
    effective and efficient management of the credit risk, each banking organization should have
    robust credit risk management policies and procedures.
    Bangladesh Bank requires that each commercial bank operating in Bangladesh must have a
    clearly defined credit policy to be approved by the Board of Directors. In pursuance of the
    above objectives, the bank earlier prepared Credit Policy and Process Manual in 10(ten)
    chapters duly approved by the Board of Directors. However, the need was felt to have a more
    comprehensive policy document on Credit Risk Management. The earlier policy manual
    has been suitably revised and amended for smooth handling of the affairs relating to credit.
    This policy will replace the Credit Policy and Process Manual of the Bank which was
    approved by the Board of Directors in its 225th meeting held on 16 January 2005 and ratified
    by the Board of Directors in its 270th meeting held on October 29, 2008.
    It is very likely that this policy will have shortcomings and inadequacies which will be
    rectified in due course. This Credit Policy Manual will be modified as may be warranted by
    the change of circumstances from time to time to suit the requirement of the Bank. Any
    suggestion for improvement of its contents will be appreciated. In addition to the instructions
    contained in this policy, the credit officers of Branch as well as Credit/Corporate Division of
    Head Office will also be guided by credit circulars issued by Head Office and/or Bangladesh
    Bank from time to time.
    The concerned executives and officers of the Bank must keep themselves fully conversant
    with the contents of the manual and follow them meticulously while processing and handling
    various types of credit facilities and dealing with the administration of the credit portfolio.
    The contents and instructions laid down in the Policy Manual are strictly PRIVATE and
    CONFIDENTIAL and meant for internal use only. Any part of this manual must not in any
    way be divulged to any person not in the service of the Bank and use of this manual other
    than the purpose of United Commercial Bank Limited is strictly prohibited.
    I express my thanks and gratitude for the support given by the distinguished Board of
    Directors in finalizing the Manual to conduct the credit operation smoothly and efficiently.

    United Commercial Bank Limited


    Head Office, Dhaka

    M. SHAHJAHAN BHUIYAN
    Managing Director

    You might also like