Functions of credit department in a bank?

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The credit department's main function is to lend money. There are several roles and responsibilities that go along with this.

  • Assessing the potential loss risk of the loan
  • Developing and adhering to lending policies
  • Understanding of lending laws
  • Knowledge of in house lending procedures
  • Analyze the financial condition of the borrower
  • Securing collateral and guarantees
  • Collecting proper documentation
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