AN ANALYSIS OF CREDIT MANAGEMENT IN THE BANKING INDUSTRY (A CASE STUDY FIRST BANK OF NIGERIA PLC. ENUGU.)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Credit extension is an essential function of banks and bank management strive to satisfy the legitimate credit needs of the community it tends to serve. This study is aimed at analysing the credit management in the banking industry in Nigeria with particular reference to first Bank of Nigeria PLC. The importance of credit in the economic growth and development of a country cannot be overemphasized. Despite the important role played by credit in the economy, it is associated with a catalogue of risks. The Nigeria banking industry witnessed some failures prior to the consolidation era due to imprudent lending that finally led to bad debt and some ethical facts. The issue of non- performance of asset and declaring of ficticious project has become the order of the day in our banking system as a result of poor credit management leading to bank distress in the industry. Three hypotheses were formulated and tested through use of chi-square on questionnaires administered to various respondents. From the data collected and the tested hypothesis, results showed that: (i) Inadequate feasibility study affects loan repayment in the banking industry, (ii) The diversion of bank loan to unprofitable ventures affects loan repayment and (iii) The problem of poor attention given to distribution of loan has negative effect on banks performance. Amongst several recommendations were the following: (a) Banks should establish sound and competent credit management unit and recruit well motivated staffs (b) Banks should ensure that the chief executive avoid approval in principle in the credit management, and (c) Banks should have a monitoring and control unit or department to carry out a sort of post- modern exercise by way of controlling and monitoring credit facilities and also ensuring completeness of all conditions precedent to draw down.
Related Project Materials
IMAPCTOF NTA ENUGU TELEVISION ADVERTISEMENT ON THE MENTAL DEVELOPMENT OF CHILDREN (A STUDY OF GOLD CIRCLE)
Background of the Study
Television is incorporated within the child‟s experience as it becomes part of the child‟s inner world. In discus...
MODELLING OPTIMAL WATER RESOURCES ALLOCATION IN TIGA DAM, KANO STATE
ABSTRACT
This study focused on water allocation for different purposes in Tiga dam, using WEAP model to carry out analysis of the hydrolo...
THE EFFECT OF PROMOTION ON CONSUMER PURCHASE DECISION
Abstract
Sales promotion is among the important communications medium that has powerful effect on cons...
EFFECT OF SOCIAL MEDIA IN THE CAMPAIGN AGAINST POLICE BRUTALITY: STUDY OF LEKKI ENDSARS PROTEST
Background of the Study
Police Brutality or extreme utilization of power backed up by law is a social i...
EVALUATING THE KNOWLEDGE AND ATTITUDE OF COMMUNITY PHARMACISTS TOWARD HIV INFECTED PATIENTS
ABSTRACT
In most communities, the first level of healthcare visit is usually the community pharmacies h...
EFFECTIVE MARKET CAPITALIZATION AND THE NIGERIA STOCK MARKET GROWTH
ABSTRACT
The capital market is one the compartment of financial system that promote savings and investment in an economy, by providing th...
THE EFFECTIVENESS AND USES OF ACCOUNTING INFORMATION FOR DECISION MAKING IN PUBLIC SECTOR ORGANIZATION
STATEMENT OF THE PROBLEM
The central concern of management is decision. In making a sound decision the management needs some valuable and...
MANAGEMENT AND CONTROL OF INVENTORY IN GOVERNMENT HEALTH INSTITUTION
Abstract
Managing stock effectively is important for any organization, running a hospital is no exception because withou...
THE AWARENESS OF PREGNANT WOMEN IN RELATION TO CESAREAN SECTION
BACKGROUND OF STUDY
Pregnancy is a physiological state that should lead to the process of delivery within thirty-s...
REGULATING SOCIAL MEDIA AS A WAY OF CHECKING HATE SPEECH IN NIGERIA
BACKGROUND OF THE STUDY
The emergence of globalization has made the world a global village as proposed...
