CREDIT MANAGEMENT POLICY OF COMMERCIAL BANKS IN NIGERIA: A CASE STUDY OF HABIB NIGERIA BANK LTD
ABSTRACT
This research is on credit management policy of Nigeria commercial banks. Credit which forms the greatest portion of commercial Banks’ assets need to be properly managed to ensure the continous survival of the industry. As a positive step towards sustaining the industry, there has to be in place well articulate policies regarding credits that should guarantee their viability. It would be recalled that in the late 80’s and early 90’s the banking industry experience a boom in business, but shortly after experienced a period of recession and outright failure that led to the closure of some Banks in the country. The general cause of the early 90s massive banks failure was attributable to poor lending policies. It was for this reason that this study was conducted to verify the how genue this claim is and see possibility of suggesting improved lending policies to enable achieving viability for the industry as a whole and the economy. However, after conducting the study, it was discovered that, Most banks have good credit policies on ground, but the actual problem lies with the issue of management. Frequent changes in government economic policies tends to have cyclical effect on the management of Bank credits. It was on the basis of this that the following recommendations were made:a. Credit managers need to be adequately trained. b. There is need for a comprehensive insurance policy to cover the total credits and minimise risk. c. Interest rate policy should be such that, they are attainable to willing and able borrowers to minimise risk of default d. Granting of interest discount/waiver should be encouraged. e. Changes in economic policies should be in line with the need of the financial institutions. f. Credit planning should become an integral part of banking and national planning. The economic plan must have a counterpart of the credit plan worked out by the CBN in co-operation with the bankers’ committee.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
CREDIT MANAGEMENT POLICY OF COMMERCIAL BANKS IN NIGERIA: A CASE STUDY OF HABIB NIGERIA BANK LTD
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