RISK ASSETS CLOSING FUNCTION

Loans and advances are the major risk assets in banking business

• True

• False

Which of the following statements is not true for pre-closing activities?

• Off-site information gathering is a critical part of pre-closing activities

• On-site information gathering pre-dates review of recent examination reports

• Arrangements must be made for logistics and security

• Closing teams must be trained on how to undertake closing exercises

The following are risk asset functions in bank closing except

• Obtain a schedule of off-balance sheet engagements

• Prepare list of all loans and advances

• Note facilities that were criticized in recent exam reports

• Collate all landed properties of the bank

Who is responsible for writing the closing report?

• The closing team

• The supervisor

• The report writer

• The bank manager

Which of the following is responsible for obtaining minutes of meetings and committees reports during bank closing?

• Loan officer

• Legal officer

• Minutes manager

• Document manager