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Home Publications Observations of an ABL Auditor

Brief Publication Topic 1 Description i.e. Publications written by Mr. Barry Munholland MBA, CA

 



Observations of an ABL Auditor, July 2009

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One of the few areas of commercial lending that has managed to generate growth over the past 12 months is Asset Based Lending (ABL). During the recent economic downturn, banks scrambled to tighten their lending policies and started to review their loan portfolios. The resultant contraction in the number of outstanding lines of credit and the loss of liquidity helped to deepen the crisis. The only bright spot in this dreary landscape was the ongoing success of the ABL sector. The table below shows the growth trend in ABL volumes to the end of 2008. Data for the first quarter of 2009 indicates this pattern remains intact.

Last Updated on Tuesday, 01 September 2009 17:00 Read more...
 



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