Credit risk management of IFIC Bank Limited

Abstract

International Finance Investment and Commerce Bank Limited (IFIC Bank Limited) is a first generation bank in Bangladesh that came in banking sector with big promise. IFIC Bank Limited is one of the oldest commercial banks, started its journey on August 3, 1983, operating nationwide with 130 branches. The main purpose of the report is to provide a basic idea on Credit Risk Management of IFIC Bank Limited. The report will also present the different terms and conditions of maintaining the different credit service of IFIC Bank Ltd. Now a day, Credit Risk Management is vital for a bank to earn revenue. And here in this report, I have tried to explain the services of IFIC Bank Ltd. in the perspective of Credit Risk Management. Firstly, I have started with accounts opening. Then I looked at the local money transfer, clearing, cash section, accounts section etc. I wrote PO, different vouchers, etc. These kinds of activities are under control of General Banking. Finally, I went to Loans and Advance Section. I learnt about the different guidelines, criteria, conditions required for the loans and I have also learned to prepare different proposal. I have gone through different analysis on Credit Risk Management. In Mohammadpur Branch, the amount of loans provided is following an increasing trend but still not enough in compare to deposits especially in SEF sectors it shows decreasing trends. However, the amount of loans in CF category also increases because of Home Loan.