The financial sector has an important role in the development of a country or a nation. The banking sector as a major player in the financial system is an important concern for all in a country larger than the government through its institutions like the Fed and the Treasury. In recent times there has been much excitement in the subregion of the economic capital of nigeria, ie banks that the Central Bank of Nigeria and the Governor,Lamidi Sanusi Sanusi, the audit of accounts of some banks and suggested a list of banks that are broken.
THE CONCEPT OF CREDIT AND BANK OF THE POOR
Bank was different things to different people. Researchers, professionals, banks and even the layman, the concept is defined, and the games are still being collected for the bank at this point, given the changing global context. A number of definitions must be considered here:
Bankto InvestorWord (2009) is to participate in activities to keep the money for savings and current accounts or exchange or the granting of loans and credit etc. however defined, in terms of financing is defined as "monetary and Credit Management and banking services and investment visa. In terms of composition banking law InvestorWord use it as a legal right bank paid money to cover a loan default.
Wikipedia has a set of definitionsbank word. First, define the operation of commercial banks in a bank deposit or withdraw funds or borrow, etc. The second definition sees it in terms of financial, banking, such as a distortion of the activities of providing financial resources and capital . A relatively modern concept, which offers) the Bank's point of view of banks as at home "in which transactions via electronic communication (telephone or bottle computer. Other definitionsprovided by Wikipedia:
i. banking business of a bank or a bank) is (in terms of paper
Banking II is the art of dealing with the bank deposit or rent payments, or not, etc.
III. Finally, in banking and banking activities to participate to maintain savings and checking accounts and issuing loans and credit, etc.
Overall, the Bank is a nebulous concept, but it might convince some important terminologies curl if the concept of bankare the following: currency exchange, accounting, business savings, checking, loans, credit, finance, deposit, withdrawal, or capital fund, trade and emissions.
The concept of guilt ADB
There is no organization, whether banks or other institutions, the loan applications. Ironically, the high indebtedness of the images in a certain degree of organization, particularly in the banking sector, where loans in millions and billions for the same every day / weekBase.
The accumulation of bad debts could be reduced to non-performing loans that are used to provide pose a serious threat to the survival of most banks. An examination of recent bank records of a few who anomaly) show the operations of banks and the loss of seven bank accounts (CEO of restructuring has been the toast of the town and most controversial ISSUED local, national and global levels.
Here we examine some of the definitions of bad debts thatand some requirements in the concept.
The word "screw the investors to thoroughly review the concept of two points of view in relation to a non-GAAP and GAAP measures. In addition, a dictionary of finance and investment, as was the balance of the loan or credit and pulled noncollectable defined.
The standard dictionary of banking terms to describe the bad loans classified as a probable loss and has no economic value.
Finally, definitions, dictionariesRead the terms and conditions of impaired loans, is not obtained and thus of no value to the creditor. Then noncollectable because the debtor is insolvent, while the dictionary of marketing terms for bad debts "does not use a client that pays for goods or services received, also known as the remuneration of the poor.
Highlights of these definitions are:
i). The bad debts are the debts
ii). always noncollectable
iii). Insolvent debtors are often
iv). The sufferings are usuallyDeleted
v). They are treated as an expense in the profit and loss
vi). They are the loss of trade
vii). This amount has no value to creditors
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