a significant cause of bank failure is poor credit quality and deficient credit risk assessment and measurement practices; and therefore, the failure to identify or recognize an increase in credit risks in a timely manner can cause major problems. an observation was made that there was non-adherence to credit management principles and procedures as due to the high exposure of the bank to insiders and related parties. okyere also noted that the loans approval process was the responsibility of one person, whose work was not properly checked. some auditors, boulders advisors limited, in a document stated that their review of "loans granted to related parties not connected to the ut group" found out that there were "poor credit management practices, poor credit governance and supervision".