The problems of loan recovering in Nigeria commercial banks Department: Banking and Finance By: jessy03 Project ID: 778 Rating: (3.2) votes: 11Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractLoan recovery has been a problem facing Nigerian Commercial bank of which Access Bank Plc is Included, the impact of these problems of loan default by bank customers and poor management on the side of the bank. Problems of loan recovery in Nigeria Commercial bank have been chosen as the research topic in order to find a plausible solution to the problem. The research employed virtually possibly techniques within her reach to elicit authentic information from the case study of Access Bank Plc on the problems of loan recovery in Nigeria Commercial Bank. The problems encountered by Access Bank Plc in its loan recovery activities are caused by banks customers, Bank management and staffs. It was concluded that Access Bank Plc recover loans given to their customers through the control section of the regional advances department that are in charge of monitoring and repayment of loans. Finally, the researcher recommends that the bank management and staff should consider the character of the borrower, economic viability of the project, the purpose of the loan, financial data or records of the loan beneficiary before proposal are approved to ensure effective, efficiencies loan recovery. Relevant data were collected from both primary and secondary sources. Questionnaires were the main primary data collection instrument employed while data from various relevant publications constituted the sources of secondary data. Upon the analysis of data, the following conclusions were drawn that problem of loan default stemmed from the fact that there is unavailability of security to be disposed by banks to realize funds. Also, customer’s attitude towards loan payment on the basis of the above findings, it was recommended that commercial Banks should use some risk control measures to guide against` loan default....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)