VIB Case Study
CHAPTER 4: DEVELOPMENT
4.1 Real situation of credit risk management in trade financing in VIB
It is truly difficult to decide whether the credit risk management ”belongs” to the Credit Management Division or to the Trade Financing Division because the risk in trade financing is among credit risks which need to treat both in term of credit and in term of financing . Therefore, VIB focuses on managing and setting up a general credit risk management structure, included credit risk management in trade financing. (Credit management structure)
The structure of VIB’s credit management is illustrated as the following chart:
Figure 4 Credit management structure (Source: Credit management organization – VIB)
4.1.1. Credit Procedure Division
Credit
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Credit Assessment Division
The main tasks of the division is to assess credits within the mandates of Head of Credit Management, CEO and CC and it directly assesses and gives independent opinion on loan proposals which require the self-assessment by credit assessment officers.
4.1.3. Collateral management division
Duties of the Collateral Management Division include: appraising of re-appraising collateral and managing collateral such as auditing processes, regulations and instructions on collateral appraisal and management; building collateral database; setting up information system on legal documents, market or land projection which impact on collateral values; making reports on collateral structure, list of collateral assets, classification, values, and quantities; setting up collateral appraisal methods.
4.1.4. Loan Monitoring Division
While the Credit Procedure Division is responsible for setting up credit risk management policies, the Loan Monitoring Division is to deal with all credit transactions suitable for the policies. In details, missions of the department
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Treating credit information: the Division collects and treats information and date on credit operation and credit risk prevention; collects and exploits credit information of SBV. Besides, the Division is in charge of setting aside certain loan loss reserve which is taken from bank profit and providing information on credit risk prevention, credit quality and customer business operation.
Participating on setting up credit policies; improving credit processes and procedures, new credit products and credit risk warning system.
Managing and supervising credit admin officers.
4.1.5. Collection
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