ABSTRACT
Financial sector play a vital
role in the development of any economy. Over the years banks in Nigeria have
experienced serious financial crisis and failure. This has led to distrust and
defeat of expectation and objectives. These uncertainties and risk situations
have occasioned several CBN policies. One of such is the capitalization policy
.In line with the need to attain capitalization policy, some banks merged while
other acquired. This study ascertain the effect of merger on the performance of
banks in Nigeria with a particular reference to United Bank of Africa PLC,
using profit after tax, Net assets and earnings per share as proxy to measure
performance. Descriptive and ex-post facto methodology was adopted. The
research made use of secondary data obtained from the bank's annual reports and
statement of account covering a period of 2001-2009. The work ascertained the
performance of bank pre and post-merger period using one sample t-Test. The
results showed that merger has positive significant effects on the performance
of banks in Nigeria. Based on the findings, the study recommend that banks
should be more aggressive in their profit derive to reap the benefit of
post-merger bid and merger should become an integral part of CBN policy on long
term business strategy for commercial banks in Nigeria.
OLINYA, C (2021). Effect Of Merger On The Performance Of Banks In Nigeria (A Study Of United Bank Of Africa Plc). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-merger-on-the-performance-of-banks-in-nigeria-a-study-of-united-bank-of-africa-plc-7-2
CHUKWUEMEKA, OLINYA. "Effect Of Merger On The Performance Of Banks In Nigeria (A Study Of United Bank Of Africa Plc)" Mouau.afribary.org. Mouau.afribary.org, 16 Sep. 2021, https://repository.mouau.edu.ng/work/view/effect-of-merger-on-the-performance-of-banks-in-nigeria-a-study-of-united-bank-of-africa-plc-7-2. Accessed 01 Nov. 2024.
CHUKWUEMEKA, OLINYA. "Effect Of Merger On The Performance Of Banks In Nigeria (A Study Of United Bank Of Africa Plc)". Mouau.afribary.org, Mouau.afribary.org, 16 Sep. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-merger-on-the-performance-of-banks-in-nigeria-a-study-of-united-bank-of-africa-plc-7-2 >.
CHUKWUEMEKA, OLINYA. "Effect Of Merger On The Performance Of Banks In Nigeria (A Study Of United Bank Of Africa Plc)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-merger-on-the-performance-of-banks-in-nigeria-a-study-of-united-bank-of-africa-plc-7-2