Credit Management In The Banking Sector: A Case Study Of First Bank Of Nigeria

📄 Project Abstract

One of the basic functions of banks is taking of deposits and lending but when customers fail to meet their obligations, major problems such as bad debts arises, thus it is important for a bank to establish a well defined credit policy and a well proven method of recovering debts. This project work entails the ways in which credits are being managed in the commercial banks with special reference to first bank of Nigeria P.L.C and concentrates on the administration of lending before and after the credit up to the final stage with much emphasis on the causes, effects and possible remedies of bad debts with efforts taken to alleviate the recurrent trend. The general assumptions adopted in this work are that banks grant credit to deserving customers with a high expectation that such credits will be repaid plus the required interest and that banks are governed by the same credit guidelines issued by the central bank in addition to their respective interest generated. The study is limited to...