The issue of problem loans is an albatross that keeps rearing its head in the affairs of financial institutions in both and advanced and less advanced economies. Granting loans is one of the core functions of banks.
What are the effects of bad loans?
A bank with high percentage of bad...
Segregation of duties in the traditional lending process
Despite the innovation and technological advancements in Banking, the SoD policy still runs supreme in all its operations. Banking depends on trust, but it is not absolute. It is better to say “Trust, but verify.” Many friendships have been broken because...
“A people will grow when their elders start planting trees whose shade they will never enjoy”, some old saying goes something like that.
The word “Sustainability” could refer to the ability of an organization, a business, a person, a people, to continue over a longer period. It's highly relevant in...
As I travel across most of the countries in Africa for example, I see a continent with a bright future but bogged down by uncountable glitches, hiccups or problems stemming from the office of most of the leaders of organizations that see leadership as only a political position instead...
“Explanation is not half as strong as experience, but experience is not half as strong as experience and understanding.”… Mark Z Danielewsky
Welcome to Part 3 of this series. Segregation of duties is a key principle in financial control, aiming to reduce the risk of fraud and error. It...
“Learn everyday, especially from the experiences of others. It is cheaper’… Jim Bogle
Dear Reader, I hope my last article refreshed your memory of some basic banking concepts which can never be replaced or done away with. The fraud case involving the American banking officer happened in a traditional...
The human was born free and has been free to do business to make a living. However, during this process, society expects compliance with certain standards and regulations to ensure the smooth flow of usual activities and socio-economic norms. The society also expects a certain kickback from the people...