ABSTRACT
The study on mergers and
acquisition is a crucial one especially when the selected effects of the batik consolidation
policy in the present banking dispensation, especially by some banks that lacks
the capital and asset base for individual corporate existence in the monetary
and financial markets. This strategic financial move resulted into positive
performance indices that adopted this financial strategic for growth and survival
This study, therefore focuses on mergers and acquisitions on the performance of
banks in Nigeria using a study of selected banks such as access bank Plc,
United Bank for Africa Plc, Fidelity Bank Plc, Diamond Bank Plc. Union Bank Plc
and Investment Banking and Trust Company Plc (IBTC), relatives to corporate
profitability then shareholders fund and banks asset value. The objectives of
the study were to access the effect of mergers and acquisition of the total
asset value. To examine the effect of mergers and acquisition on the bank
shareholders founds and to find out its associated problems as well as its
recommendation as a propound solution to it. In carrying out this research
secondary data were generated from a group five year financial summary of the
six selected banks for the period of (2003-2007) (2004-2008). Regression and
ANOVA were used in data analysis and testing the four hypothesis. From the
study, the findings review that there is improvement in the profitability
indices, asset value and shareholders fund of the merged and acquired six
banks. In my recommendation, the board and management of banks should pay
greater attention to mergers and acquisition and its development for the growth
of Nigerian economy; as this will eliminate the issue of liquidation or
systematic distress in the Nigerian banking sector. Government and the other
regulatory authorities should initiate solid rules and regulations that will
guide the exercise so that it will not be a room for incapable to continue
operation under their holding or parent company and finally merged and acquired
banks must formulate rule and regulation guiding them so that they will achieve
their main motive and stand flrm in the competitive world, given globalization.
UGOCHUKWU, J (2021). Mergers And Acquisitions And Bank Performance In Nigeria (A Study Of Selected Banks). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-and-bank-performance-in-nigeria-a-study-of-selected-banks-7-2
JESSICA, UGOCHUKWU. "Mergers And Acquisitions And Bank Performance In Nigeria (A Study Of Selected Banks)" Mouau.afribary.org. Mouau.afribary.org, 20 Sep. 2021, https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-and-bank-performance-in-nigeria-a-study-of-selected-banks-7-2. Accessed 28 Nov. 2024.
JESSICA, UGOCHUKWU. "Mergers And Acquisitions And Bank Performance In Nigeria (A Study Of Selected Banks)". Mouau.afribary.org, Mouau.afribary.org, 20 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-and-bank-performance-in-nigeria-a-study-of-selected-banks-7-2 >.
JESSICA, UGOCHUKWU. "Mergers And Acquisitions And Bank Performance In Nigeria (A Study Of Selected Banks)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/mergers-and-acquisitions-and-bank-performance-in-nigeria-a-study-of-selected-banks-7-2