Does the bank have a definite international lending policy?
If “yes”, summarize such, state whether it has been approved by the board of directors/trustees, and indicate extent of compliance. Yes. The subject banks Board of Directors, in line with the directives of the parent bank, has delineated specific guidelines on clientele to be served, limits on country exposure both in the aggregate and by maturity within those limits and risks to be undertaken. Officers submit recommendations to the international loan committee which has authority to approve loans up to $5 million. Larger loans require senior loan committee approval. In all cases, these policies have been followed. • (a) Comment upon policy guidelines in effect regarding country risk assets and volume limitations imposed thereon. (b) How often are guidelines reviewed? (c) Does the bank have any country risk concentrations of credit? If “yes”, list the country and percentage of such extensions of credit to the bank’s total capital and reserves. (a) Policy calls for all extensions of cre
