A country financial system includes its banking institutions and is the oil that greases the engine of its economic growth. Commercial banks provide the vital function of mobilizing savings from those who have it and allocate such saving to those who wish to borrow to invest in economy development. It is with this context that credit policy arises. The word policy can be a broad and frightening term while most banks will define them in similar manner. Therefore, credit policy is the general course of action developed for recurring situation designed to achieve established objectives based on how commercial banks facilitate their credit ability to dispose and retain back. The primary goal of credit policy is to avoid extending credit ability to dispose and retain back. The primary goal of credit policy is to avoid extending credit to customers who are unable to pay their accounts.
SALAT, M (2021). The Effect Of Credit Policy On The Performance Of Commercial Banks In Kenya A Case Study Of Barclays Bank, Garissa Branch-garissa District North-eastern Province Of Kenya. Afribary. Retrieved from https://afribary.com/works/the-effect-of-credit-policy-on-the-performance-of-commercial-banks-in-kenya-a-case-study-of-barclays-bank-garissa-branch-garissa-district-north-eastern-province-of-kenya
SALAT, MOHAMED "The Effect Of Credit Policy On The Performance Of Commercial Banks In Kenya A Case Study Of Barclays Bank, Garissa Branch-garissa District North-eastern Province Of Kenya" Afribary. Afribary, 11 Jun. 2021, https://afribary.com/works/the-effect-of-credit-policy-on-the-performance-of-commercial-banks-in-kenya-a-case-study-of-barclays-bank-garissa-branch-garissa-district-north-eastern-province-of-kenya. Accessed 19 May. 2024.
SALAT, MOHAMED . "The Effect Of Credit Policy On The Performance Of Commercial Banks In Kenya A Case Study Of Barclays Bank, Garissa Branch-garissa District North-eastern Province Of Kenya". Afribary, Afribary, 11 Jun. 2021. Web. 19 May. 2024. < https://afribary.com/works/the-effect-of-credit-policy-on-the-performance-of-commercial-banks-in-kenya-a-case-study-of-barclays-bank-garissa-branch-garissa-district-north-eastern-province-of-kenya >.
SALAT, MOHAMED . "The Effect Of Credit Policy On The Performance Of Commercial Banks In Kenya A Case Study Of Barclays Bank, Garissa Branch-garissa District North-eastern Province Of Kenya" Afribary (2021). Accessed May 19, 2024. https://afribary.com/works/the-effect-of-credit-policy-on-the-performance-of-commercial-banks-in-kenya-a-case-study-of-barclays-bank-garissa-branch-garissa-district-north-eastern-province-of-kenya