Credit risk management of United Commercial Bank Limited.

Abstract

United Commercial Bank offers all kinds of corporate and personal banking services including corporate banking, retail banking and consumer banking service for every customer. UCBL provides every kind of facilities to its customers regarding account, loan, deposit scheme, UCB earning plus, Ucash, UCB multimillionaire etc. which are different kind of services that attracts to the customers. The bank can handle a good number of customers and help them when they have any queries. Before making a customer’s account, the bank verifies all the documents for further process. Every customer account is very sensitive issue for the bank because there may be a number of transactions happen. The general banking section has different kinds of department for customer service. They have account opening section (Savings, FDR, MSS, Bills, Detch pecth etc), clearing section, deposit section, cash department, cash management section. Besides this, the credit risk management department includes CAD (Credit Administration Department), foreign remittance section, corporate credit department etc. Usually, the bank makes credit for corporate customers (RMG sector) the most for their business purpose. Moreover, they have individual loan system such as home loan, car loan, utility loan, furniture loan etc. The bank plays an important role in international trade by providing credit and facilitating payment, against trade with other countries. UCBL cuts a good figure in their foreign exchange department by giving credit of exporting and being a part of international business. In this regard, UCBL is well positioned to meet the challenges that it faced