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 Home»Banking and Finance» Sound credit management as a survival strategy for commercial banks in Nigeria 2005 - 2010. (A case study of union bank and fidelity bank plc )

Sound credit management as a survival strategy for commercial banks in Nigeria 2005 - 2010. (A case study of union bank and fidelity bank plc )

 Department: Banking and Finance  
 By: usericon philip123  

 Project ID: 168
   Rating:  (3.0) votes: 113
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Abstract
The growing cases of classified debt and the increasing trend in the yearly provision for bad and doubtful debt in commercial banks suggest that there may be errors in the administration of credit by commercial banks in Nigeria. With this background, the tending polices and credit management, in a typical commercial bank. The union bank of Nigeria plc was appraised with view to ascertain the cause of consequences of bad debts as well as to find ways and means of reducing the incidence of bade debt thereof, the researcher, thought test techniques in intended to determine the extent to which inadequate collateral security provision by borrower increase the incidence of bad debt in bank of Nigeria plc. He also investigated whether fund diversion has nay effect on bad debts of union bank from (2005-2010). A questionnaire was used to collect debt this was supplemented with oral interview and published reports. Two hypotheses were formulated and tested with chi-square. The result of the test shows that inadequate collateral provision by borrowers increased the incidence of bad debt in union bank. Base on these, the researcher made his recommendations and conclusion that banks should lend to viable project and ensure that it is backed by adequate collateral. Ti is suggested that further research in this area should examine on community bank like federal mortgage bank of Nigeria (FMBN)...
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