Debt management of commercial bank in Nigeria: problems and prospects: a case study of Union bank plc, Abakaliki Department: Accountancy By: opc123 Project ID: 548 Rating: (2.9) votes: 20Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe increasing competition in the Nigerian banking industry necessitates the banks take on higher degree of risks than they are hitherto accustomed to but the degree of risk inherent in a bank''s lending portfolio has serious implication for the banks earning and earning asset, subsequently for its liquidity, profitability and capital. The problem with which this study was concerned is that of identifying the causes of bad debt in commercial banks using union bank Nigeria Plc as a case study affect the factors such as: Economic recession, non- prudent financial management, natural disaster, prevailing economic situations on debt management were considered. The objective of the work was to study the process of credit appraisal, identify the major causes of bad and doubtful debts, analyze their effect and offer suggestions on minimization and the effective management of bad debts in commercial banks. The study population was, N32 officers from the credit department of the bank from ten branch officers. The instrument used for data collection was the questionnaire at Abakaliki in Ebonyi State of Nigeria. the sample size, n28, was determined by systematic random sampling. the data collected were analyzed, tabulated and presented, using average and simple percentages and conclusions were drawn with the aid of statistical sampling of the response of the respondents. As the result of the analysis of data, the research study discovered that factors such as economic recession, Government monitory policy, excess gearing, under capitalization etc, could cause bad debts in banks. The implication of these findings for debt management in commercial banks are numerous. It implies that the economy, staff qualifications, prudent financial management and establishment of effective loan policy have a significant effect on the incidence of bad debt. Key Words: Debt Management, Problems, Prospects...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )