Lending is not just a matter of making the loan and waiting for payment. Loans...
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Finance
Lending is not just a matter of making the loan and waiting for payment. Loans must be monitored and closely supervised throughout their life-cycle to prevent losses. a. Asses the importance of a bank's credit culture in monitoring and supervising loans over their life-cycle. (15 marks) b. Explain the five Cs of good credit and the five Cs of bad credit. (10 marks) C. Describe the purpose of loan covenants and provide four examples of covenants and explain their objectives. (10 marks)
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