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Effect of risk management on the performance of selected commercial banks in Enugu state

 Department: Banking and Finance  
 By: usericon catoking  

 Project ID: 2738
   Rating:  (3.1) votes: 16
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This study focused on the effect of risk management on the performance of selected commercial banks in Enugu State, Nigeria. Commercial banks were selected on a cross-sectional basis. The work evaluated the link between risk management and bank performance. The study is relevant because of the growing importance of risk management as the economic environment changes in the face of intense competition, rapid innovation in financial markets, application of technology and the globalization of financial markets. The study utilized survey research design because of the type of information needed. Structured questionnaire was used to collect data for this work and Chi-square statistical approach was used in testing the acceptability or otherwise of the hypotheses formulated.  The results  showed that effective risk management significantly affects the performance of banks. Based on the findings, it was recommended that banks in Enugu State, Nigeria, should enhance their capacity in risk management by devising effective and efficient process to identify, measure, monitor and control risks while the regulatory authority should periodically review the operations of banks to ensure they comply with relevant provisions of the Bank and Other Financial Institutions Act (BOFIA 1999) and prudential guidelines. ...
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