Effective credit risk management on performance of banks - case study of selected banks Department:Banking and Finance By: Eniolamoses Project ID: 8790 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractThis study investigates the effect of effective credit risk management on the performance of banks in Nigeria, using United Bank for Africa (UBA) as a case study. Credit risk management is essential for minimizing non-performing loans, ensuring optimal credit levels, and enhancing profitability in commercial banks. The research addresses challenges such as poor loan quality, high default rates, and inadequate risk controls that have led to financial distress in the sector. Employing a descriptive survey design, data were collected via structured questionnaires from 60 respondents, including bank staff and customers. Analysis utilized frequency distributions, percentages, and chi-square tests to evaluate hypotheses on client appraisal, credit risk control, and collection policies. Findings reveal a strong positive relationship (R 0.892) between these credit management strategies and financial performance, with client appraisal, risk controls, and stringent collection policies significantly reducing defaults and improving loan recovery. Respondents confirmed that UBA employs these practices to a great extent, though barriers like high interest rates and bureaucratic processes persist. The study concludes that robust credit risk management is vital for bank sustainability and profitability. Recommendations include adopting more flexible yet stringent collection policies, improving client appraisal techniques, and strengthening risk controls to mitigate non-performing loans and boost overall performance in Nigerian banks....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effectiveness of monetary policy measures in controlling inflation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)