The Role Of Commercial Banks In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch):- Okonweze. A. Chinonso
ABSTRACT
Commercial bank isretailfinancial institutions
specializing in receiving deposit and other valuables, remitting foreign and
domestic exchange, collecting cheque, drafts, notes and other obligations on
behalfoftheir customers. Rural financial system is a powerful instrument and a
pre requisite in accelerating the developmental activities in rural areas.
Commercial banks largely function in an autonomous fashion with its own norms
and discipline. Ofcourse, the agenciesin the unorganized sector in our villages
have still a dominating position in rural finance Commercial bank assistance
has helped in the development ofthe rural area. They have influenced in the
development of rural area. Eco bank Transnational Incorporated as a private
sector-led initiative that supports impactful projects. The foundation’s main
areas of interest include entrepreneurial development, especially in rural
communities; education; community development and health. The Eco bank
Foundation achieves its purpose by partnering registered non-profit making
organizations. Thus, it could be observed that commercial bank has a role to
play in the development ofthe rural area development, and also the assistance
commercial bank has given to people in the rural area has affected development
in the area.
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--. "The Role Of Commercial Banks In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch):- Okonweze. A. Chinonso " Mouau.afribary.org. Mouau.afribary.org, 10 Feb. 2026, https://repository.mouau.edu.ng/work/view/the-role-of-commercial-banks-in-the-development-of-rural-area-a-case-study-of-ecobank-nigeria-plc-umudike-branch-okonweze-a-chinonso-7-2. Accessed 10 Feb. 2026.
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--. "The Role Of Commercial Banks In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch):- Okonweze. A. Chinonso " Mouau.afribary.org (2026). Accessed 10 Feb. 2026. https://repository.mouau.edu.ng/work/view/the-role-of-commercial-banks-in-the-development-of-rural-area-a-case-study-of-ecobank-nigeria-plc-umudike-branch-okonweze-a-chinonso-7-2