Day: October 18, 2022

9.1 Services for Personal Borrowers Personal loan insurance All banks now offer insurance s to customers for packaged personal lending. The types of lending under consideration here are personal loans, budgets accounts, revolving credit accounts, equity release loans and even Read More …

8.1 Finance for Exporters: Overdrafts / Loans In addition to usual secured or unsecured loans and overdrafts in sterling, the same products can be made available to customers in foreign currencies. If non-sterling facilities are taken, the exporter should ensure Read More …

7.1 Appraisal of farming customers The financial statements of a farming business These consist of: Audited accounts for the past three years. A specially formulated ‘farmers balance sheet’ or ‘statement of assets or liabilities’, usually on the bank’s standard forms. Read More …

6.1 How to Identify Problems Early Unlike most retailers, lending bankers cannot sit back and relax once the product has been sold. The risk continues until the borrowing is fully repaid, and regular monitoring of the accounts is necessary to Read More …

5.1 When should Security be taken? No amount of security will make a poor lending proposition viable. Banks are not pawnbrokers, who lend against the pledge of an asset. Banks wish to know that a customer’s borrowing plans are viable, Read More …

4.1 Introduction To deal adequately with lending at this level, you must ensure that you are up to date with your accountancy studies, particularly the principles of management accounting and accounting ratios. 4.2 Non-financial Appraisal of Business Markets and products Read More …