THE ROLE OF COMMERCIAL BANK IN INDUSTRIAL DEVELOPMENT OF ONITSHA
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ABSTRACT
The ability of any nation to sustain growth and development to a large extent depends on a number of factors, of which banking is once. Hence, it becomes imperative to note that banking started not as a chance phenomenon rather, for the basic social and economic needs of the Society.
The purpose of this study is to carry out a research on the role of commercial Banks in Industrial development of Onitsha. For this purpose data were obtained from the bank, questionnaires were distributed, finance and analyzed from the data analysed and hypothesis tested, it was found that through some of the industrialists were of the opinion that commercial bank have not contributed to the development of their industries should not be traced in isolation of commercial bank. This was evidenced when the hypothesis was tested.
Though commercial banks and industrialists are sometime faced with some problems, attempts were made by the researcher to expose those problems.
Moreso, recommendations on how some of those problems should be solved were also brought into focus.
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