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
TEENAGE PREGNANCY AND ITS EFFECTS ON ACADEMICS
ABSTRACT
This study was carried out to examine teenage pregnancy and its effects on academics in selected secondary scho...
THE ROLE OF LOCAL GOVERNMENT IN NATIONAL DEVELOPMENT
ABSTRACT
This study was carried out to assess the role of the local government in national development. Specifically, th...
ACHIEVING EFFECTIVE PRODUCTIVITY IN PUBLIC SERVICE THROUGH MANPOWER PLANNING AND DEVELOPMENT
Abstract
The role of manpower planning and development in promoting sustainable development of any nation cannot be unde...
THE ROLE OF BUDGETING IN STRATEGIC PLANNING
THE ROLE OF BUDGETING IN STRATEGIC PLANNING
The objectives of this research are to: (1) investigate how budgeting integrates with strateg...
EFFECT AND CAUSES OF CORRUPTION IN NIGERIAN PUBLIC SERVICE
ABSTRACT
The primary purpose of this study is to ascertain the effects of corruption in the Nigerian public service. The...
EVALUATION OF THE PROCEDURE FOR RECRUITMENT, SELECTION, PLACEMENT AND PROMOTION OF STAFF IN THE MINISTRY OF EDUCATION IN NASARAWA STATE, NIGERIA
ABSTRACT
This study focused on Evaluation of the Procedure for Recruitment, Selection, Placement and Promotion of Staff in the Ministry o...
DATABASE MANAGEMENT INFORMATION SYSTEM ON CONTRACT ALLOCATION AND IT IS LIMITED TO MINISTRY OF WORKS, IKOT EKPENE, AKWA IBOM STATE
Background of the Study
When an institution or organization needs to manage a large amount of data, a database is a good...
THE ROLE OF COORPORATIVE SOCIETIES AND THE NIGERIA ECONOMY. (A case study of cooperative societies)
ABSTRACT
This study was carried out to examine the role of cooperative societies and the Nigeria economy using coo...
TEACHING PRACTICE EXPERIENCES OF TECHNICAL EDUCATION STUDENT-TEACHERS: CHALLENGES AND POSSIBLE PANACEA
Abstract
The purpose of the study is to identify the challenges facing student teachers of College of S...
APPRAISAL OF THE BIRNIN-KEBBI CITY MASTER PLAN FOR SUSTAINABLE DEVELOPMENT
ABSTRACT The study is aimed at appraising the Birnin Kebbi city Master Plan with a view to providing information that can influence policy for sust...
