REORGANIZATION OF THE CREDIT APPROVAL PROCESS

Abstract

The paper deals with the problem of reorganization of approval of credit placements in the banking sector. In the theoretical part of the paper, the concept of the banking system with a review of lending is considered. The types and functions of loans are presented. The practical part of the paper presents an example of granting a loan to a business entity. The paper presents a way to reorganize the process of granting a loan to a business entity. Conclusion remarks are given and the way of improving the approval of credit placements is presented.