EMPIRICAL ANALYSIS OF COMMERCIAL BANKS LENDING POLICIES TO THE PRIVATE SECTOR (A CASE STUDY OF UNION BANK OF NIGERIA PLC OGUI ROAD ENUGU) . A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
ABSTRACT
In this study, researcher examined the empirical analysis of commercial banks lending policies to the private sector. A case study of union bank of Nigeria plc. The study is significance on the system of monetary and credit policy measure which the central bank has stipulated the amount of interest lending rates that are obtainable in the commercial banks. The empirical analysis which is based on experiments or experience which is intended not only to maintain adequate monetary policy measures but also to create a healthy balance of payment position which is to reduce the art of domestic price inflation. In this study empirical analysis give way to some of the problems which arise in this study entitled empirical analysis commercial banks lending polices to the private sector attempt to appraise the various ways through which the commercial banks disburse money in form of loans and advances to the private sector with a view to determine the extent of compliance with the central bank of Nigeria credit guidelines. From the understanding of this work the objectives of this study is to know whether the individual/companies that benefited from the loan actually make use of the fund for the purpose they applied the money for. This work gathers some findings which analyzes data collected from the banks and that form the beneficiaries of the loans. Through the view of this analysis, the conclusion of the study is that commercial banks with particular reference to union bank of Nigeria plc work in strict compliance with the central banks directives with regards to issuing loans and advances.
CHAPTER 1:
INTRODUCTION
Background of the Study
Over the years the Central Bank of Nigeria had stipulated the amount of interest and lending rates that are obtainable in our commercial banks, with a view to harmonize these rates in all commercial banks in all the country it will be of interest to note that the central banks credit policy guideline had been a reflection of the country’s economy form year to year.
The monetary and credit policy measures were designed to accelerate the rate of domestic production maintain healthy balance of payment position reduce the arte of domestic price inflation.
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