CCR Credit Practice Questions - AICB Certificate In Credit Exam

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According to BNM's guidelines on Credit Transactions and Exposures with Connected Parties, which of the following is considered a 'connected party'?

A retail deposit customer who holds no shares or management position in the bank. A director, officer, or major shareholder of the banking institution, or an entity controlled by them. Any corporate client that maintains a debt service coverage ratio (DSCR) above 2.0x. A third-party credit rating agency that provides rating services to the banking institution.

Correct Answer:

A director, officer, or major shareholder of the banking institution, or an entity controlled by them.

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