BANK LENDING POLICIES AND RECOVERY PROCEDURE IN NIGERIA

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

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ABSTRACT

This term paper was tailored at designing bank lending policies and recovery procedures in Nigeria. The piece of work looked into bank services and the rules that guide their monetary policies.

Research was carried out on ways of improving bank lending policies and good measures on how money could be recovered. Recommendation for the future improvement ion this policies was described.

I vividly described procedures for taking securities for Bank lending. To those in the financial industry, this piece of work could serve as a reference manual to them.

The manual can also educate people on the roles of Banking in economic development of Nigeria.

 

 

TABLE OF CONTENT

CHAPTER ONE:

1.0     INTRODUCTION

• BANKING SERVICES IN NIGERIA
• STRUCTURE OF BANKING
• COMMERCIAL BANK
• MERCHANT BANK
• DEVELOPMENT BANK
• CENTRAL BAK OF NIGERIA

CHAPTER TWO

• ROLES OF BANKING IN GENERAL ECONOMIC DEVELOPMENT
  • POLICIES
  • CHARACTERISTICS OF A GOOD POLICY
  • PROCEDURE FOR TAKING SECURITIES FOR BANK LENDING

CHAPTER THREE

• FINDINGS, RECOMMENDATION AND CONCLUSION
  • FINDINGS
  • RECOMMENDATION
  • CONCLUSION

BIBLIOGRAPHY

 

CHAPTER ONE

1.0     INTRODUCTION

A bank could be described as a major financial institution, other such institution include finance house, insurance companies, mortgage companies etc. the main function of these financial institution are to provide financial support to those who are in need. Apart form this function, banks perform other functions like rendering advice and counseling, acceptance of deposits, provision of loans and advances of providing a safekeeping place for people valuable many banks plays intermediary roles in the financial sector of the economy which focus primarily on the following.

1. Moderation of the rate of inflation
2. reduction of pressure on the external sector so as to achieve a sustainable balance of payment positions.
3. establishing the Naira exchange rate in Nigeria

banks could be classified into the following categories below.

1. Central bank
2. Commercial bank
3. Merchant bank
4. Development bank
5. Community bank.

Obviously, with an observer first contact with a developing economy, all those categories of bank plays crucial roles in stimulating the economy. They deal with members of the public.

Firstly, they all provide first information and investment advice to willing customers community banks for instance, were established primarily to spread banking services to the grass root, considering the fact that a greater percentage of the country’s population reside in the rural areas.

Development banks by implication tend to carry out their function effectively because they diversify into specialized areas such as agricultural and industry. Example of development bank are the Nigeria Agricultural and industrial development (NACB) and Nigeria industry development bank (NIDB). Hence the development of economy is stimulated through these agency function.

In order to achieve their set out objectives all these banks rely on certain instruments and policies which include reserve requirements, stabilization of securities, interest rate policies which include reserve requirements, stabilization of securities, interest rate policy (lending policy). Exchange rate and foreign exchange management. Discount rate policy among others which in Nigeria a developing country are put in place and over seen by the government owed central bank.

Lending has over the years become one of the most important function in banking operations. It provides money for investment which in turn yields turn over and (increases the liquidity in circulation due to this direct effect, it has on the economy and business development, it is being pursed in many developing countries were banks and their lending activities have been usefully. Integrated into government policy formation in the national economic development process. In Nigeria for instance, where majority of the population live in object poverty funds are very difficult to come by either for investment purpose or otherwise. Thus the federal government finds it necessary and critical to intervene to formulation of bank lending policies. Lending is giving something to someone else for use over short period of time (in this case money with interest where being paid back)

In the objectives of tending activities the bank in the country have come up with policy guidelines which basically provides the frame work for dealing with loans and advances. Some of these policies are designed to have relevance to these policies are designed to have relevance to the interval constraints of each bank for instance sector performance deposit base, risk existing exchange while others are derived mainly from the guidelines issued periodically by the central bank for control reasons and known as monetary and credit policy guidelines for each fiscal year. A lending policy of properly articulated could provide a guide for safe, sound and profitable banking activities, if on the other hand the lending policy is not properly formulated, it could lead to the banks liquidation.

Irrespective of the account of liquidity available in a bank, it may find it practically impossible to satisfy all the request it gets for loan since the request may out ship available resources. The bank thus has to discriminate in its decision to lend. Such action must however be based on objectives, funds available for loans must be juidiciously applied strictly along the bank policy guidelines. When the policy has been formulated lending procedures evolves as check towards ensuring that the objective of the