LOAN AND CREDIT ADMINISTRATION: PROBLEMS AND OPPORTUNITIES IN NIGERIA’S DEPOSIT MONEY BANKS
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FIRST PART
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1.1 Context Of The Study
The Bank is a financial institution established to provide financial services, such as accepting deposits from customers, extending credit, and performing other ancillary functions, for the purpose of meeting the financial services requirements of the public and promoting the growth and expansion of the real sector of the economy.
At both the microeconomic and macroeconomic levels, bank credit is a significant source of financing for investors engaged in business operations and the formation of new investments to support economic growth and wealth maximization.
However, the difficulties of inaccessibility to loans and credit exist on a bigger scale due to high interest rates, stringent loan application requirements, non-compliance with credit policies, and the abrasive tactics of certain bank officials.
Abasss Shiro A. (2004). The bank must use the issuing of loans as a chance to grow the country’s money supply in order to enhance investment levels. Therefore, it is prudent for bank managers to be trained with the necessary information, principles, and strategies for effective lending, rather than viewing them as merely limiting rules.
Lending is very subjective, and the final analysis is dependent on the lender’s judgment; therefore, in order to make a final determination, the lender must consider all techniques, concepts, and knowledge gathered from environmental and project analysis.
The borrower’s credit history and future credit prospects must also be evaluated. Following the satisfactory fulfillment of the loan criteria, the bank grants loans to customers in order to meet the bank’s objective of credit lending and ensure the achievement of a low level of bad debt, profitability, customer satisfaction, shareholder satisfaction, employee motivation, and the bank’s overall objectives.
This study aims to analyze Loan and credit administration: issues and prospects in Nigerian deposit money banks (A Case study of first bank Nigeria PLC)
1.2 Description of the Problem
At both the microeconomic and macroeconomic levels, bank credit is a significant source of financing for investors engaged in business operations and the formation of new investments to support economic growth and wealth maximization.
However, the difficulties of inaccessibility to loans and credit exist on a bigger scale due to high interest rates, stringent loan application requirements, non-compliance with credit policies, and the abrasive tactics of certain bank officials.
Abasss Shiro A. (2004). The bank must use the issuing of loans as a chance to grow the country’s money supply in order to enhance investment levels. Therefore, it is prudent for bank managers to be trained with the necessary information, principles, and strategies for effective lending, rather than viewing them as merely limiting rules.
The research problem is to provide an evaluation of Loan and credit administration: challenges and prospects in Nigerian deposit money banks (A Case study of first bank Nigeria PLC)
1.3 Aims of the Research
To provide an evaluation of loan and credit administration: issues and prospects in Nigerian deposit money banks (A Case study of first bank Nigeria PLC)
The Bank is a financial institution established to provide financial services, such as accepting deposits from customers, extending credit, and performing other ancillary functions, for the purpose of meeting the financial services requirements of the public and promoting the growth and expansion of the real sector of the economy.
For the promotion of economic growth and the maximization of wealth, bank credit is a significant source of financing for investors engaged in business operations and the formation of new investments.
1.4 Research Concerns
What is loan and credit management?
What challenges and opportunities does loan and credit administration face?
1.5 Importance of the Research
This report provides an evaluation of loan and credit administration: issues and prospects in Nigerian deposit money banks (A Case study of first bank Nigeria PLC)
1.6 Working Hypothesis
There are some issues with loan and credit management at first bank Nigeria PLC.
The loan and credit administration problems at first bank Nigeria PLC are severe.
The likelihood of loans and credit management at first bank Nigeria PLC is minimal.
Hello, the outlook for loan and credit administration at first bank Nigeria PLC is favorable.
1.7 Scope of the Research
This study focuses on the evaluation of loan and credit administration: issues and prospects in Nigerian deposit money banks (A Case study of first bank Nigeria PLC)
1.8 Restrictions of the Research
The research was constrained by geographical factors and logistical considerations.
1.9 Terms Definitions
An Investor is a person who invests money in a business. Customers of the firm are also Investors.
Bank who deposits funds or purchases bank shares.
A debt is a payment that must be made but has not yet been paid to a creditor.
Body or organization.
Financial institutions are the custodians of funds and those who generate revenue.
Funds for additional investments. Similar to a bank or insurance company’s Loan, a customer is given a specific sum of money.
This refers to the government’s initiative to regulate the amount of money in circulation.
Credit Limit: The credit limit is the bank’s regulation about the maximum amount of credit that can be extended to a customer.
This refers to the interface of banking services and products over an information technology network, which is more customer-centric than traditional banking.
Credit Management entails planning and regulating the collection of loans and advances in accordance with the management’s goal to maximize shareholder wealth.
These are banks experiencing liquidity difficulties. low earnings
LOAN AND CREDIT ADMINISTRATION: PROBLEMS AND OPPORTUNITIES IN NIGERIA’S DEPOSIT MONEY BANKS
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