In banking, as everywhere else in life, you never get a second chance to make a first impression. The first page of a credit memo is essential for credit analysts, lenders, management, and board members. The first page is prime real estate where the average reader will spend 25% to 50% of the time reviewing the credit submission. Because the first page commands so much of the average reader’s time, it is vital to draft the first page clearly, concisely and compellingly.
The Credit Memo