Debt Recoveries: New Techniques for the Banks

It is an accepted fact in Economic discourse that intermediaries such as Banks and Non-Bank financial institutions exist to ensure the transfer of financial surplus units to financial deficit units in any economy. Financial intermediaries make these funds available to deficit units or more broadly borrowers. In the process of inter-mediation, the financial intermediaries incur costs and even losses. Hence the need to sustain investor confidence in the system through the provision of adequate controls. At present, most banks are ill-equipped and lack the necessary manpower, skills, and resources to deal with the problem. What this presentation does is to identify some of them and proffer possible solutions.