WAYS TO REDUCE CREDIT RISK IN MODERN CONDITIONS

In our opinion one thing is clear, the risk management strategy in a commercial Bank should be based on integrated structure, consisting of duties and responsibilities that descend from the Board level down to operational levels, covering all aspects of risk, especially market, credit and liquidity risk, operational, legal risks, risks related to the Bank's reputation and staff. This structure includes the Board itself as the ultimate responsible body, committees, risk management Department and various support departments and control. They all have clearly defined responsibilities and reporting lines.