Credit & Investment Committee

The Committee comprises Executive Directors and one or more independent Director as determined by the Board and is chaired by the Board Chairman. Its main responsibilities are:

• Review, evaluate and approve credit proposals;
• Review and ratify credits extended under management’s discretion;
• Establish and approve counter-party investment limits for both local and foreign corporate investment placements and advance transactions;
• Review credit policies and make recommendations for changes;
• Approve the pricing of credit products in terms of interest rates;
• Monitor the business development programme, portfolio mix and delinquency management.

The Committee meets monthly and more frequently as may be required from time to time.