The essence of the credit policy of the commercial bank and its key elements

This article is devoted to the study of the nature of the credit policy of a commercial Bank and the analysis of its key elements. The author provides the definition of the concept, gradually understand the components of the credit policy. In addition, the article presents the stages of lending to customers in a commercial Bank and understands the whole process of interaction of the parties in the credit transaction. The author describes the relationship of the elements of credit policy and their importance for the effectiveness of commercial banks in the implementation of credit operations.