Credit Policy and Credit Risk Management of IFIC Bank Ltd: Report
WORKING REPORT ON “CREDIT POLICY AND CREDIT RISK MANAGEMENT OF IFIC BANK LTD”
Chapter 01
Introduction
1.1 Background of Study:
A banking institution is crucial at today’s modern macro-economic system both for domestic and international perspective (Mr. Toha, personal communication, October 5,
2011). Banks play a vital role in the economy by providing means of payment and in mobilizing resources (Mr. Shoel, personal communication, October10, 2011). Now people directly or indirectly are surrounded in the field of banking. Today’s modern banks aren’t only providing traditional banking but also expanding the many financial services with unique features to their clients both individual and institutional. Credit Banking is one of those innovative services which are operating throughout the world economy (Mr. Sabbir
Ahmed, personal communication, October 15, 2011). This new business concept is very recent in respect of banking industry of Bangladesh. The internship program has been conducted in IFIC Bank ltd. One of the reputed third generation banks in the growing banking sector in Bangladesh. This report on credit policy and credit risk of IFIC Bank limited: A study on IFIC has been prepared under the guidance, supervision and inspiration
Shawgat S. Kutubi. Moreover, while preparing the report the writer was under the supervision and guidance of Mr. Harun Ar Rashid Manager of IFIC Bank Limited Kawran
Bazar Branch.
1.2 Scope and limitation of the Study:
Every academic and professional relative research and report work has got some scopes and limitations. The scopes and limitations of this research and report work are
Scopes:
(a) Credit Division and its risk grading activities are the prospective topic.
(b) Data needed for the interpretation is much easier to access on respect of other commercial banking business related issue.
(c) Supervisors in the workplace are very helpful in case of data collection and interpretation.
1
Chapter 01
Introduction
1.1 Background of Study:
A banking institution is crucial at today’s modern macro-economic system both for domestic and international perspective (Mr. Toha, personal communication, October 5,
2011). Banks play a vital role in the economy by providing means of payment and in mobilizing resources (Mr. Shoel, personal communication, October10, 2011). Now people directly or indirectly are surrounded in the field of banking. Today’s modern banks aren’t only providing traditional banking but also expanding the many financial services with unique features to their clients both individual and institutional. Credit Banking is one of those innovative services which are operating throughout the world economy (Mr. Sabbir
Ahmed, personal communication, October 15, 2011). This new business concept is very recent in respect of banking industry of Bangladesh. The internship program has been conducted in IFIC Bank ltd. One of the reputed third generation banks in the growing banking sector in Bangladesh. This report on credit policy and credit risk of IFIC Bank limited: A study on IFIC has been prepared under the guidance, supervision and inspiration
Shawgat S. Kutubi. Moreover, while preparing the report the writer was under the supervision and guidance of Mr. Harun Ar Rashid Manager of IFIC Bank Limited Kawran
Bazar Branch.
1.2 Scope and limitation of the Study:
Every academic and professional relative research and report work has got some scopes and limitations. The scopes and limitations of this research and report work are
Scopes:
(a) Credit Division and its risk grading activities are the prospective topic.
(b) Data needed for the interpretation is much easier to access on respect of other commercial banking business related issue.
(c) Supervisors in the workplace are very helpful in case of data collection and interpretation.
1
References: www. ific.com IFIC Academic Calendar 2009- 2010 and Annual Report 2008 Advance manual of IFIC Bank LTD (2008- 2010) 30