The impact of failed bank deposits on the economic growth of Nigeria (2001 – 2008) - a study of 33 banks Department: Banking and Finance By: kruskalstat Project ID: 3120 Rating: (3.3) votes: 6Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe 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....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 effectiveness of monetary policy measures in controlling inflation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»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 )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»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)