In handling recoveries, we undertake a study of the securities to determine their enforce-ability and thereafter proceed to determine the best mode of recovery whilst also dialoguing with the borrower so as to ensure a non-antagonistic recovery process which bears in mind the reputational risk of the Bank among others.
In our debt recovery function, we endeavour to have a peaceful debt recovery process that bears in mind the reputational and commercial risks that may arise from the process hence an out of court approach is always first with recourse to court coming as last resort and especially where the relationship of the borrower with the company is irretrievably broken.
In instances where receivership becomes necessary, we handle distress borrowers and manage their affairs to ensure that financial institutions recover their money. A cost benefit and recoverability analysis is first carried out and based on the findings, the appropriate mode of procedure is determined.
In litigation, we ensure expeditious handling of the matters with a high level of efficacy. We handle a number of cases under litigation ranging from commercial disputes, employment disputes, cases arising from failure to pay debts and the like. Most of the court matters run for less than a year except in case of circumstances beyond our control.
We thus thrive to ensure that most of these court matters are settled amicably among the parties as opposed to spending a lot of time in court. We are able to achieve this through our team of advocates that are highly experienced in litigation and drafting court documents.
