Credit Management

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NCC Bank Limited 3.1 About Credit: The word credit derived from Latin word “CREDO” means I believe. If we analysis this theme it stands for Trust & Relationship between banker and customer. Each & every bank has got their own credit policy which generally formulated on the basis of prevailing countries socio economic condition, political and other related aspects from time to time and as per guideline of central bank. Actually no policy can ever be termed as final due to changing circumstances
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  NCC Bank Limited 3.1 About Credit: The word credit derived from Latin word “CREDO” means I believe. If we analysis this themeit stands for Trust & Relationship between banker and customer. Each & every bank has gottheir own credit policy which generally formulated on the basis of prevailing countries socioeconomic condition, political and other related aspects from time to time and as per guidelineof central bank. Actually no policy can ever be termed as final due to changing circumstancesall around. As a developing country, we are endeavoring to matchup with the Internationalstandard where changes are made to meet the demand and requirement of the time. The NCCBank Ltd. complying the directives of Bangladesh Bank as per BRPD circular NO. 17 Dated07.10.2003 have formulated own credit policies indicating the areas of lending which was dulyapproved by the Board of Directors. 3.2 Credit: Prepared By: Sudip Paul Matric No: R101248, DBA, IIUC.Page 1  NCC Bank Limited 3.3 Major Loan Function in Kadamtali Branch: Prepared By: Sudip Paul Matric No: R101248, DBA, IIUC.Page 2  NCC Bank Ltd. Demand LoanTerm LoanContinuous LoanLoan againstImportedMerchandiseLoan againstTrust ReceiptPaymentagainstDocumentLoan againstHouse BuildingLease FinanceSchemeHouseRenovationLoan SchemePersonal LoanSchemeSmall BusinessLoan SchemeCar LoanSchemeShort termLoanStaff Car LoanStaff HouseBuilding LoanLoan againstProvident FundSecured Over Draft (General)Secured Over Draft (FinancialObligation)Cash Credit(Hypothecation)Festival SmallBusiness Loan  NCC Bank Limited The entire loan of NCCBL of Kadamtali Branch is described below: A.Demand Loan: Loan against Imported Merchandise:   Loan against imported merchandise (LIM) is the most common credit for foreign exchange business of this bank. LIM is allowed against imported goods. LIM may be created at therequest of the importer while he is not in a position to take delivery of import bills by making payment of entire bank dues. The importer has to keep the goods in bank’s custody for gettingthis loan. Loan against Trust Receipt: Loan against trust receipt (LTR) is also a temporary loan and allowed to the customer againsttheir application on the basis of only trust which is generally built on good customer- banker relationship. After sanction of LTR, import bills are handled over to the importer who will clear the goods from the custom authorities by making payment duty, VAT and other charges. Payment against Document: Payment against document (PAD) is the most common credit for foreign exchange business of the bank. On the receipt of import bills against the L/C from the Negotiating Bank, the issuing bank scrutinizes the documents with terms & conditions of the L/C and if it is foundcompletely in order, PAD loan is created in the name of the importer in order to reconcile theentries so debited by the Reimbursing Bank. B.Term Loan: Loan against Home Building: Bank offer this loan only for solve financial problem to build a house. It is a long term policy.Limit of the amount of this loan depends on the valuation of land and also customer banker relationship. House Renovation Loan Scheme: This loan offer only for genuine house or flat owners to repairing or renovation the flat or house for better living or increase income. It is also a long term policy and limit also dependson the land or building and also customer bankers relationship. Prepared By: Sudip Paul Matric No: R101248, DBA, IIUC.Page 3
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