Approaches to credit risk management in private banks: A case study of private bank in Taizhou city

Credit risk management, one of the cores in the modern banking management, plays a pillar role in modern banking development and is quite essential in enhancing the nuclear competitiveness of private banks. Since China´s pilot testing in developing private banking system started in Taizhou, this paper, based on the spot visitation and exploration of Private Bank in Taizhou City with featured measures in strengthening credit risk management, proposes that to manipulate the credit risk of private banks involves strenuous efforts in continuous improvement of corporate governance structure, scientific formulation of operation strategies, timely change of the mode of growth, and focus on construction of social credit system.