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The impact of failed bank deposits on the economic growth of Nigeria (2001 – 2008) - a study of 33 banks

 Department: Banking and Finance  
 By: usericon kruskalstat  

 Project ID: 3120
   Rating:  (5.0) votes: 1
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   Price:₦5000
Abstract
The effect of bank failure on depositors is grossly enormous as there have been various reported cases of loss of lives when investors/depositors hear that the bank they bank has failed (closed). Lots of companies and household have relied on banks for financial assistant when need arises. While it is expected that banks provide financial assistant, many banks have fallen short-off expectations in this respect due to fraud, mismanagement, inexperience and the initial absence of regulatory laws and authorities. People lost their trust and confidence in the banking system, which the government couldn’t afford. In this study, impact of failed bank deposits on the Nigeria economy was examined using a case of 33 failed banks in Nigeria. A multiple regression and correlation model were fitted in the study. The findings of the study revealed that economic growth is affected grossly by bank failure bank deposits not paid and well as insured bank deposits paid. This also implies that when banks fail, investors deposits is at risk, and if not paid, the investor might loss financial control over his/her business activity and a drop in the total production or rendering of goods and services will lead to a corresponding drop in the value of economic GDP. Hence, bank failure has a very significantly high effect on the economic growth of Nigeria....
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