Credit management in the banking industry - a comparative analysis of Union Bank Plc and UBA Plc Department: Banking and Finance By: Arinze1 Project ID: 5188 Rating: (3.3) votes: 6Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThe essence of a business relationship is mutual trust with the expectation of gain from the exchange. Actually, it is very hard to envision business transactions without the mechanism of credit. It provides the lubricant and the slack necessary for the continuity of transactions regardless of the immediate availability of cash. Thus, the granting of credit is the rule, not the exception. The problem is not whether to the extent it but rather how much to grant, to whom and under what condition. Default in credit has been a constant source of discouragement to the organizations that give out credit to their customers hence the need for effective credit management. This project was aimed at credit in the banking industry, a comparative analysis of union bank and UBA plc. The essence was to see if the similarities and even dissimilarities in the method in which the different banks manage their credits, how credits are processed and also to see how the blanks can learn from each other. The methodology adopted for the study was the use of questionnaires to obtain primary data. Secondary data were also obtained from books. Periodicals such as the central bank of Nigeria monetary and prudential guidelines, government gazettes and several other libraries. The data were analyzed using simple percentage. The findings of the research project revealed that the method used by the different banks is different as the kinds of credit they give are also different thought related. Recommendations are made to improve the credit management in different banks in a bid to improve customers patronage to meet both present and future challenges. The task of carrying out the research has been very stimulating but its real value will be seen in the application of the result to the banking industry. ...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)