The Impact Of Credit Risk Management In The Performance Commercial Banks In Nigeria (A Case Study Of Union Bank, Diamond, Gtbank And Sky Bank)
ABSTRACT
Banking business thrives on the
understanding and assurance that the banker will be able to meet its
obligations to depositors whenever the latter makes demand on it. Individuals,
businesses, corporate institutions and governments keep their money with banks
in the form of deposits based on mutual trust and confidence that the banker
will manage the deposits and other funds at its disposal without exposing them
to undue risk of loss. All over the world it is this confidence that sustains
banking business. Confidence itself derives from the known character of a
bank's board and management. The banking industry has achieved great prominence
in the Nigerian economic environment and it influence play predominant role in
granting credit facilities. The probability of incurring losses resulting from
non-payment of loans or other forms of credit by debtors known as credit risks
are mostly encountered in the financial sector particularly by institutions
such as banks. The biggest credit risk facing banking and financial intermediaries
is the risk of customers or counter party default. During the I990s, as the
number of players in banking sector increased substantially in the Nigerian
economy, banks witnessed rising non-performing credit portfolios. This
significantly contributed to financial distress in the banking sector. Also
identified was the existence of predatory debtor in the banking system whose
modus operandi involves the abandonment of their debt obligations in some banks
only to contract new debts in other banks.
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UCHENDU, P (2021). The Impact Of Credit Risk Management In The Performance Commercial Banks In Nigeria (A Case Study Of Union Bank, Diamond, Gtbank And Sky Bank). Mouau.afribary.org: Retrieved Nov 18, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-credit-risk-management-in-the-performance-commercial-banks-in-nigeria-a-case-study-of-union-bank-diamond-gtbank-and-sky-bank-7-2
P, UCHENDU. "The Impact Of Credit Risk Management In The Performance Commercial Banks In Nigeria (A Case Study Of Union Bank, Diamond, Gtbank And Sky Bank)" Mouau.afribary.org. Mouau.afribary.org, 30 Jun. 2021, https://repository.mouau.edu.ng/work/view/the-impact-of-credit-risk-management-in-the-performance-commercial-banks-in-nigeria-a-case-study-of-union-bank-diamond-gtbank-and-sky-bank-7-2. Accessed 18 Nov. 2024.
P, UCHENDU. "The Impact Of Credit Risk Management In The Performance Commercial Banks In Nigeria (A Case Study Of Union Bank, Diamond, Gtbank And Sky Bank)". Mouau.afribary.org, Mouau.afribary.org, 30 Jun. 2021. Web. 18 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-credit-risk-management-in-the-performance-commercial-banks-in-nigeria-a-case-study-of-union-bank-diamond-gtbank-and-sky-bank-7-2 >.
P, UCHENDU. "The Impact Of Credit Risk Management In The Performance Commercial Banks In Nigeria (A Case Study Of Union Bank, Diamond, Gtbank And Sky Bank)" Mouau.afribary.org (2021). Accessed 18 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-credit-risk-management-in-the-performance-commercial-banks-in-nigeria-a-case-study-of-union-bank-diamond-gtbank-and-sky-bank-7-2