Factors influencing the formation of the credit policy of the bank and its functions

Credit policy acts as an integral element of the management of the business of a commercial bank. First of all, it is necessary for credit organizations to properly build and regulate the relationship between the bank and its clients about the provision of borrowed funds with subsequent repayment of both the principal debt on the loan and the interest due. Consequently, the credit policy of the bank is the strategy and tactics of the bank in the field of credit operations, which determined the relevance of the study.