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The Group’s credit organisation is led by the head of the central credit department, Group Credits.
Group Credits has overall responsibility for the credit process in all of the Group’s business areas. This includes the responsibility for developing rating and score models and for applying them in day-to-day credit processing in the local units. Credit approval authorities specific to customer segments and products have been granted to the individual business areas. Managers from Group Credits take part in processing applications exceeding the individual business area’s lending authority. In addition, Group Credits rates customers with facilities exceeding DKr100m. Group Credits is in charge of recording the utilisation of portfolio limits within industries and countries and of the quarterly process of calculating impairment of exposures. Group Credits keeps track of the credit quality of the Group’s loan portfolio by monitoring the trend in unauthorised excesses and overdue payments, new approvals to weak customers and other factors. In addition, Group Credits reports internally to the Group management and to business areas on developments in the Group’s credit risks. Finally, the department is in charge of providing management information in the credits area, of monitoring credit approvals in the business areas and of the requirements relating to the Group’s credit systems and processes. |
