Develop effective strategies to rehabilitate trouble credit and to increase collection amount from problematic assets.
Management of problem accounts with most beneficial course of action and having the Bank’s interest as prime objective; including ascertaining recovery potential, initiate legal proceeding, rescheduling & restructuring, monitor repayment arrangement, liquidate collaterals and conduct site visits where necessary.
Maximizing recovery prospect in term of cost-effectiveness when proposing compromised settlements and writing-off/down of facilities. These include, but not limited to the loan principal amount, interest, penalty interest, legal cost and other related cost.
Support Business Promotion whenever possible and necessary in early detection and effective follow-up on high-risk/Watchlist obligors, to prevent further deteriorating credit.
Identifying and analysing problem credits and weakness ...