Problems of financial analysis in institutional lending operations: some lessons from Tanzania
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Aldershot u.a.
Avebury
1992
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVIII, 228 S. |
| ISBN: | 1856282996 |
Internformat
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| 245 | 1 | 0 | |a Problems of financial analysis in institutional lending operations |b some lessons from Tanzania |c Kami Rwegasira |
| 264 | 1 | |a Aldershot u.a. |b Avebury |c 1992 | |
| 300 | |a XVIII, 228 S. | ||
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| 650 | 4 | |a Development credit corporations |z Tanzania | |
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
ix
List of Illustrations xj
List of Tables xjjj
Acknowledgements xjv
Preface
1. A Lending Banker and Financial Information: ^
A Conceptual Foundation
1. Introduction , i
2. Main Ingredients of the Conceptual Framework j
2.1 Lending Banker 2
2.2 Business Firm 2
2.3 Financial Information 6
I FSln^Lion:.. Importance and Rdevance 8
5. Financial Analysis . o
5 7 Role of Financial Information and Analysis
5 2 Financial Analysis and the Tanzanian Environment 12
2. Financial Analysis in Short Term Commercial Bank Lending 21
1. Short term Lending Institutions 2]
2. Business Loan Application a^Iv,.;,; 23
3. Borrowing Characteristics and Financial Analys.
4. Theory and General Bank Policies in Bank Credit ^
Analysis
v
5. The Jungle of Practice 28
5./ Use of Ratio Analysis 29
5.2 Cash flow (Liquidity vs Accounting Profitability) 31
5.3 Political Influence in Credit Analysis and
Decisions 33
5.4 Sources of Information 39
5.5 Quality of Financial Reports from Customers and
Financial Analysis 40
6. Conclusion 43
3. An Optimal Approach to the Lending Banker s Financial
Analysis (A Prescriptive Synthesis and Some Hypotheses) 47
1. Introduction 47
2. Socio economic and Political Environment 52
2.1 Economic Structure and Performance in Tanzania 53
2.2 Importance of Agriculture 54
2.3 Deficit Financing and Monetary and Credit
Expansion 56
2.4 Imported Inflation 58
2.5 Lessons From the Past and Current Economic
Policies 58
2.6 General Pertinence of Economic Conditions in
Bank Lending 61
3. Purpose 62
4. Bank Lending Policies 63
4.1 National Bank of Commerce 64
4.2 Tanzania Investment Bank 65
4.3 Tanzania Housing Bank 69
4.4 Tanzania Rural Development Bank 70
5. Character (Personality) 71
5.7 Organizational Effectiveness 74
5.2 Management Philosophy 75
5.3 Management Quality 76
5.4 Organizational Efficiency 11
5.5 Summary 78
6. Financial Analysis 78
7. Collateral (Security) 84
8. Conclusion 85
4. A New Index of Credit Strength for Short and Medium
Term Bank Lending 90
1. Introduction 90
2. The State of the Art 91
7. Financial Analysis and Institutional Lending: Challenges
Ahead 190
1. Introduction 190
2. Financial Analysis and the Rural Challenge 190
3. Financial and Economic Analysis for Industrial
Development 192
4. Advice and Consultancy 195
5. Financial Analysis and Implications on Manpower
Development 198
6. Financial and Economic Analysis and Problems of
Mounting Overdues and Bad Debts A Concluding
Remark 208
Selected Bibliography 212
Index 223
Illustrations
1.1 Bank lending and financial information 6
1.2 A Mathematical representation of the lending banker s decision
system 8
1.3 Utilities of conditional outcomes of a lending banker s basic
decision 11
1.4 A quasi experimental setting 17
1.5 Nature and variation in the experimental variables 18
1.6 Four fold table to show induced changes in executives
decisions due to extra financial information 18
2.1 Commercial bank lending (including loans, overdrafts and
commercial bills) 35
3.1 Optimal approach to lending banker s financial analysis (An
integrated analysis) 49
3.2 Factors of consideration in a lending decision 52
3.3 Energic inputs, energic output and ncgenthropy of a business
firm (as an open system) 79
3.4 Corporate personality, debt responsibility and credit risk (An
organization behaviourial model) 79
3.5 Suggested credit evaluation procedure 81
3.6 The ABC or log normal distribution of loans 82
3.7 The dual classification of loans and the applicability of the
suggested credit evaluation procedure in Fig. 3.5 83
4.1 Hypothetical classification of a group of firms using the ICS 94
4.2 Comparison of two hypothetical (comparable) firms (A) and (B)
and the trends of their ICS 98
1 Y
Tables
2.1 Discretionary limits for approval of loans (1976) 22
2.2 Commercial Banks Domestic Lending by Industrial Sectors 24
2.3 Ratios Commonly Available to Credit Analysts 27
3.1 Export and Import Demand Elasticities of Some Selected
Economies ,
3.2 Tanzania s Terms of Trade (1971 75) ^
3.3 Balance of Payment Summary (1980 84) $
3.6 A schedule of Interest Rates on Loans in Tanzania 66
4.1 Summary of Ratios Found to be Significant Predictors of
Business Failure in Empirical Research W
4.2 Computed Magnitudes of the Index of Credit Strengths (ICS)
as Applied to the Selected Sample of Firms 04
4.3 Performance of the ICS in a Paired Test on Sample Data 106
4.4 Performance of the Top Three Ratios Considered by the NBC
Lending Officers as Very Important on Tanzanian Data 108
5.1 Major Long term Lending Banks and DFIs in Tanzania 16
5.2 Medium and Long term Investment by Major DFIs 120
5.3 Sensitivity Analysis of Project A 132
5.4 Major Approaches to Social Cost Benefit Analysis and
Associated Literature
5.5 Shadow Price Factors for Selected Items 51
6.1 NBC Loans for Agricultural Production 62
6.2 Beneficiaries of NBC Agricultural Production Loans 162
6.3 Distribution of TRDB Loans Approved According to Purpose 165
6.4 Loans and Interest Recovery TRDB 1°°
xi
6.5 Position of Small Industry 1977/78 Census 175
6.6 Small Scale and Craft Entrepreneurship 1974 75 178
6.7 M. Kato (Short term Credit Applicant) Scores 183
6.8 Behaviourial Dimensions of Small Business Credit Risk
Analysis — A Judgemental Approach 184
7.1 SIDO Third Five Year Plan 1978/79 1982/83: Dispersal of
Industries (Factory and Non factory) 197
7.2 SIDO Third Five Year Plan (1978/79 1982/83): Small
Industries Projects 199
7.3 NBC Manpower Training Position (1976) 201
xii
3. An Index of Credit Strength (ICS) 93
1.I Interpretation q
3.2 Definition and Application ^
4. Empirical Tests „
5. Evaluation, Limitations and Implications of the 1CS i w
5. Financial Analysis in Long Term Institutional Lending in ^
Tanzania
T ^ • I15
1. Introduction . n
2. Long term Lending Institutions in Tanzania J
2 7 Tanzania Development Finance Co. Ltd (IDtL) i io
2 2 The National Bank of Commerce (NBC) n»
2.3 TIB.TRDB.THB Jg
3. Financial Analysis ^4
3.7 Certainty 129
^•2 ^ * 133
3.3 Capital Rationing n7
4. Social Cost Benefit Analysis Considerations j^
4.7 Little Mirrlees Approach 143
4.2 WbrW Ban* Approach 146
4 3 UNIDO Approach . .„
4.4 ^/Zecriow on rne Tanzanian Po/icy and Pratfic« H8
5. Financial vs Economic Analysis ^
6. Conclusion
6. Bank Lending to Peasants and Small Businesses: Problems ^
of Credit Risk Analysis
159
1. Introduction 1fin
2. Characteristics of Peasant Agriculture °«
3. Problems in Peasant Agricultural Credit
4. Assessing Peasant Credit Worthiness j^
4.7 Variability of Income 168
4.2 Faulty Agrarian Structure j6g
4.3 Attitudes jgg
4.4 Misallocation 173
5. Small Scale Business and Credit Risk
6. Behaviourial Dimensions of Small Business Cred.t Risk 182
6 7 Deriving a Summary Score
6.2 Limitations of the Judgemental Approach j
7. Villages and Ujamaa Villages lg7
8. Prospects
vii
4.3 Profile analysis of F and N classes of the Tanzanian sample of
companies 106
5.1 The relationship between the IRR and NPV of a project 126
5.2 Projects A,B,C,D,E,F, ranked by the IRR criterion 134
5.3 Ranked projects A,B,C,D,E,F, according to the NPV criterion 135
5.4 World Bank Approach: DFC Guidelines (Diagrammatically) 145
6.1 Peasant Credit Risk 171
7.1 Manpower development illustrated schematically 207
|
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| spelling | Rwegasira, Kami Verfasser aut Problems of financial analysis in institutional lending operations some lessons from Tanzania Kami Rwegasira Aldershot u.a. Avebury 1992 XVIII, 228 S. txt rdacontent n rdamedia nc rdacarrier Bankwezen gtt Leningen gtt Bank loans Tanzania Development credit corporations Tanzania Finanzanalyse (DE-588)4133000-6 gnd rswk-swf Anleihe (DE-588)4002107-5 gnd rswk-swf Tansania (DE-588)4078149-5 gnd rswk-swf Tansania (DE-588)4078149-5 g Anleihe (DE-588)4002107-5 s Finanzanalyse (DE-588)4133000-6 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004437270&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Rwegasira, Kami Problems of financial analysis in institutional lending operations some lessons from Tanzania Bankwezen gtt Leningen gtt Bank loans Tanzania Development credit corporations Tanzania Finanzanalyse (DE-588)4133000-6 gnd Anleihe (DE-588)4002107-5 gnd |
| subject_GND | (DE-588)4133000-6 (DE-588)4002107-5 (DE-588)4078149-5 |
| title | Problems of financial analysis in institutional lending operations some lessons from Tanzania |
| title_auth | Problems of financial analysis in institutional lending operations some lessons from Tanzania |
| title_exact_search | Problems of financial analysis in institutional lending operations some lessons from Tanzania |
| title_full | Problems of financial analysis in institutional lending operations some lessons from Tanzania Kami Rwegasira |
| title_fullStr | Problems of financial analysis in institutional lending operations some lessons from Tanzania Kami Rwegasira |
| title_full_unstemmed | Problems of financial analysis in institutional lending operations some lessons from Tanzania Kami Rwegasira |
| title_short | Problems of financial analysis in institutional lending operations |
| title_sort | problems of financial analysis in institutional lending operations some lessons from tanzania |
| title_sub | some lessons from Tanzania |
| topic | Bankwezen gtt Leningen gtt Bank loans Tanzania Development credit corporations Tanzania Finanzanalyse (DE-588)4133000-6 gnd Anleihe (DE-588)4002107-5 gnd |
| topic_facet | Bankwezen Leningen Bank loans Tanzania Development credit corporations Tanzania Finanzanalyse Anleihe Tansania |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004437270&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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