CRISIS MANAGEMENT OF SOME DISTRESSED BANKS. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
CHAPTER ONE
INTRODUCTION
1.1 STATEMENT OF THE PROBLEM / OBJECTIVE OF STUDY
Banks is very important in the life of a nation according to Umoh (1994) the banking industry plays the role of the engine of growth for the economy, the view was supported by Bello (1993)
The Banks Faced a lot of Problem which made the customers to be fraud of the of their deposit and banks themselves are worried of whose problem and how they will manage their activities on the affair of the banks to ensure efficiency to avoid distress.
The problems faced by banks are as follows
Weak management
Poor loan management
Inadequate capital base
Fraudulent and corrupt practices of owners and managers
Poor Asset / liability management
CCBN briefs (1998)
Connected lending
Lack of Adequate knowledge.
All of the above constitute crisis in the banking industry and this research work will be carried out to proffer solutions and preventive measures to the problems
1. 2 RATIONAL OF STUDY.
This research believes it is very important to carry out this research work because crisis in the banking industry has affected the economy in several ways.
It has led to increase in interest rates as depositors ask for higher rates of return for perceived higher chances risk of financial loss.
Crisis in the Banking Industry has led to unemployment, which leads to fall in aggregate demand and consequently a reduction in the production level Orijh (1998).
It has to deposit ruin this affects adversely liquidity and earning capacity of the banks and consequently resulting to decline in availability of invisible funds in the economy.
This research null enables the management of Bank to manager effectively and efficiently.
1.3 SIGNIFICANCE OF THE STUDY
The writer hopes to achieve a great thing at the and of the study. This project will help many that are interested in the banking industry.
It will help than to know the causes of distressed how it can be prevented it will also help to satisfy the need of the following people.
1. Future researchers: It will serve as companion to future researchers who are interested on cause of distress, economic implication and possible remedies.
Investors: It will help them to know that distress exist in banks by so doing they will be careful not to investing banks were there is problem of distress.
Bank: It is of great benefits to bankers when they notice fraud or poor loan management, which will lead to distress they will try to prevent it to avoid liquidation.
Students: It will enlighten the student and afford them the opportunity of appreciatively the contribution towards their study.
It will also help the public or enlighten the public on how distress has cause a lot of problem in our economy.
1.4 BACKGROUND OF THE STUDY
According to Dr J. Orjih (1998) the problem of bank distress and failure was observed in the country as far as 1930 and 1958 with the failure of 21 banks Between 1989 and 1996, the financial of conditions of many banks as well non Banking financial institution worsened significantly That become in the late 80’s several other financial institution became distressed in Nigeria.
It was observed that the number of distress banks increased from 8 to 52.
However, in 1997 there was decrease in distress bank due to action taken by CBN a total of 17 where taken over by CBN in 1995 and one in 1996.
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