New Loan origination Process and Process of reviewing existing loans

The leaflet has been drafted according to the provisions of the Directive of the CBC on “Loan Origination Processes and Processes of Reviewing Existing Loans”. The Directive sets down the minimum practices which the credit institutions are obliged to follow and specifies the minimum documentation required in the process of assessing and/or reviewing credit facilities.

 

“The scope and purpose of the new Directive is when assessing
and/or reviewing a credit facility,
the basic principle is the borrowers’ ability to repay the loan.”