Are you comfortable with the adequacy and effectiveness of your bank’s credit policy?
Credit policies may be the most important tool for the board of directors and bank management to define an institution’s underwriting standards and credit risk appetite. Underwriting standards are receiving increased scrutiny and the adequacy of bank credit policies is an important regulatory consideration.
Even so, many credit policies at community banks have been in place for a long time, with only small or ad hoc updates put in place as needed.
Young & Associates, Inc. offers a Credit Policy Review service that will:
Contact us today to learn more about our Credit Policy Review Service.