The Development of the Loan Scorecard
Posted by admin on Apr 17, 2008
There are certain aspects to consider when developing the loan scorecard. These have to be considered thoroughly to ensure overall performance of the bank.
KPIs or key performance indicators are important to have in just about any industry. This is because these KPIs greatly assist in determining the overall performance of any company. In the industry of banking, KPIs are also very much needed in determining the particular level of performance of the bank in question. The KPIs here can be financial or non-financial. Whatever type of KPIs used, the important thing here is that they should suit the strategies, objectives, and the organizational framework of the bank in question. Also, if there is one thing to know about KPIs in the bank industry, it is that they can vary from one financial institution to another. This is because the management approaches undertaken by these banks can also vary.