{"id":2691,"date":"2018-08-16T09:36:44","date_gmt":"2018-08-16T09:36:44","guid":{"rendered":"https:\/\/www.mobmyanmar.commyanmar\/?page_id=2691"},"modified":"2022-03-01T23:56:53","modified_gmt":"2022-03-01T17:26:53","slug":"management-level-credit-committee-mcc","status":"publish","type":"page","link":"https:\/\/www.mobmyanmar.com\/?page_id=2691","title":{"rendered":"Management Level – Credit Committee (MCC)"},"content":{"rendered":"

MANAGEMENT LEVEL – CREDIT COMMITTEE (MCC)<\/h2>\n
\n

The proposed roles and responsibilities of the Management Level Credit Committee are summarized below:<\/p>\n

PURPOSE <\/b><\/h4>\n
    \n
  • The purpose of the MCC is to support the BOD to:<\/li>\n
  • Approve all Credit falling within the approval authority of the committee and the overall delegation of approval authority structure of the Bank<\/li>\n<\/ul>\n

    ROLES AND RESPONSIBILITIES <\/b><\/h4>\n
      \n
    • Consider credit proposals in accordance with the Delegation Matrix for loans as per the stated policies and approve exceptional credits.<\/li>\n
    • Decide on new and review\/renewal of Credit Applications for borrowers and counterparties up to the approval authorities as delegated to the Committee and within approved policies.<\/li>\n
    • Seek ratification of approvals provided by them on a quarterly basis from BCRC.<\/li>\n
    • The Committee shall also review the broad credit portfolio, group exposures, NPL status and other credit risk related issues within the Bank.<\/li>\n
    • Establish and maintain loans strategy and policies.<\/li>\n
    • Monitor compliance with both external regulation and the Policy governing the Bank\u2019s loans and categories of loans, including requirements relating to composition , diversification , credit risk and yield.<\/li>\n
    • Deliberate as required to approve or disapprove any matters subject to the Committee\u2019s approval authority, as called for by the Credit Policy or Board resolution.<\/li>\n
    • Consider whether a proposed loan is a related party transaction.<\/li>\n
    • Monitor the performance of loans.<\/li>\n
    • Provide the Board with timely assessment of the aggregate credit risk profile concerning risk concentration , portfolio composition and quality.<\/li>\n
    • Approve target market criteria in line with approved risk strategy and risk appetite of the bank.<\/li>\n
    • Review and approve delegation of financial approval authority to various officials of the Bank with respect to credit within the overall parameters approval by the Board.<\/li>\n
    • Approve risk limits proposed i.e credit risk limits.<\/li>\n
    • Delegation of approval authority structure.<\/li>\n
    • Approve industry and Country concentration limits.<\/li>\n
    • Conduct periodic portfolio reviews to ensure that the portfolio risk is within the acceptable risk parameters.<\/li>\n
    • Propose credit risk strategy and risk appetite of the bank for approval by Board.<\/li>\n
    • Setting up guidelines for identifying credit risk in all new products, processes and activities.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      MANAGEMENT LEVEL – CREDIT COMMITTEE (MCC) The proposed roles and responsibilities of the Management Level Credit Committee are summarized below: PURPOSE The purpose of the MCC is to support the BOD to: Approve all Credit falling within the approval authority of the committee and the overall delegation of approval authority structure of the Bank ROLES…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":7777,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2691","page","type-page","status-publish","hentry"],"yoast_head":"\nManagement Level - Credit Committee (MCC) - MOB Bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mobmyanmar.com\/?page_id=2691\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Management Level - 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