Question You have just been appointed Managing Director of MCM Bank. To facilitate your work, the board of Directors hav
Posted: Sun Apr 10, 2022 8:43 am
Question
You have just been appointed Managing Director of MCM Bank. To
facilitate your work, the board of Directors have just mobilized a
deposit of K100m as your initial resources for lending purposes.
The market survey shows that 60% of your monthly loans are
re-deposited in your bank by the end of each month. The bank of
Zambia reserve requirements for deposits are 10%.
Your loan proposals are approved by your board, and immediately
disbursed at the beginning of each month.
You have just been appointed Managing Director of MCM Bank. To
facilitate your work, the board of Directors have just mobilized a
deposit of K100m as your initial resources for lending purposes.
The market survey shows that 60% of your monthly loans are
re-deposited in your bank by the end of each month. The bank of
Zambia reserve requirements for deposits are 10%.
Your loan proposals are approved by your board, and immediately
disbursed at the beginning of each month.