Credit Risk for Business

Credit Risk for Business

There’s an old accounting adage “Turnover is vanity, profit is sanity and cashflow is king.” What does it really mean? And how does it affect the banks appetite to lend? Let’s start by understanding what each of the following means: Turnover: this is the total amount...
Mortgage loan applications

Mortgage loan applications

In today’s banking world, there are largely two forms of debt: secured and unsecured. Secured debt refers to debt that is backed by an asset, like a house or a car (or even shares or cash investments). Unsecured debt is not linked to nor protected by an asset....