GLOBAL ECONOMIC CRISIS AND CREDIT RISK MANAGEMENT IN NIGERIAN DEPOSIT MONEY BANKS (A Case Study of First Bank Nigeria Limited)

ABSTRACT
This research titled “Global Economic Crisis and Credit Risk Management in Nigerian Deposit Money Banks: A Case Study of First Bank Nigeria Limited”. Chapter one is the introduction of the study, statement of the problem, objective of the study and prelude to the significant of the study, research hypothesis and scope and limitation of the study. Chapter two the review of related literature, Concept of Credit Risk, Credit Risk Management in Nigerian Deposit Money Banks, Recent Development in the Nigerian Deposit Money Banks, Risk Factors in the Nigerian Deposit Money Banks, Softwares Used In Managing Risk in the Nigerian Deposit Money Banks and Lessons from the Current Global Economic Crisis, Causes and Consequences of Current Global Economic Crisis, Credit Risk Management and its Effect on Nigerian Deposit Money Banks, Effect of Credit Risk Management in Nigeria Deposit Money Bank Before, During, and After the Global Economic Crisis. Chapter three is the research methodology and primary data were generated through the use of the questionnaire. The study employed the use of chi-square in analyzing the data obtained. The findings of this study pointed out the fact that the global economic crisis had a deteriorating effect on all sectors in the economy. Chapter four is the data presentation and analysis where frequency table was used. Chapter five is the summary, conclusion and recommendations were drawn.

TABLE OF CONTENTS

Title page
Abstract
Table of contents
List of tables

CHAPTER ONE: INTRODUCTION
1.1       Background of the Study
1.2       Statement of the Problem
1.3       Objectives of the Study
1.4       Research Hypothesis
1.5       Scope and Limitation of the Study
1.6       Significant of the Study
1.7   Chapterization

CHAPTER TWO: LITERATURE REVIEW
2.1       Introduction
2.2       The Concept of Credit Risk
2.3       Credit Risk Management in Nigerian Deposit Money Banks
2.4       Recent Development in the Nigerian Deposit Money Banks
2.5       Risk Factors in the Nigerian Deposit Money Banks
2.6       Softwares Used In Managing Risk in the Nigerian Deposit Money Banks
2.7       Lessons from the Current Global Economic Crisis: A Creditrisk Management Approach
2.8       Current Global Economic Crisis – Causes and Consequences
2.9       Credit Risk Management Strategies
2.10     Credit Risk Management and its Effect on Nigerian Deposit Money Banks
2.11     Effect of Credit Risk Management in Nigeria Deposit Money Bank Before, During, and After the Global Economic Crisis

CHAPTER THREE: RESEARCH METHODOLOGY
3.1       Introduction
3.2       Research Design
3.3       Population of the Study
3.4       Sampling Techniques and Sample Size
3.5       Sources of Data Collection
3.6       Method of Data Analysis

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1       Introduction
4.2       Test of Hypothesis
4.3       Summary of Findings

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1       Summary
5.2       Conclusion
5.3       Recommendations
Bibliography
Appendix

CHAPTER ONE
INTRODUCTION
1.1       Background of the Study
The global economic crisis has begun in August 2007 and has been considered the worst economic crisis since the` Great Depression by George Soros, Alan Greenspan, Joseph Stiglitz, Jean Claude Trichet, and the International Monetary Fund. Among the factors that contributed to the current economic crisis are cited: increased innovation in economic products and their growing complexity; inappropriate regulation and supervision of financial markets; poor credit risk management practices at Nigerian deposit money banks and other financial institutions; increased complexity of financial systems; financial market speculation; predatory lending practices; a combination of cyclical and structural factors (Dianu and Lungu, 2008); Credit risk management is described in the financial literature as being concerned with identifying and managing a firm’s exposure to financial risk; financial risk is defined as the variability in cash flows and market values caused by unpredictable changes in the commodity prices, interest rates and exchange rates (Kaen, 2005).
Credit risk management has become a booming industry starting ’90 as a result of the increasing volatility of financial markets, financial innovations (financial derivatives), the growing role played by the financial products in the process of financial intermediation, and important financial losses suffered by deposit money banks without credit risk management systems (for example, First Bank, Eco Bank and GT Bank etc). Some credit risk management practices in recent years appear to have been driven by the need to meet regulatory expectations set by such initiatives as in Nigeria. Forward contracts, futures, options, swaps, and other more complex financial instruments allow today banks to transfer risks to other economic agents who are able or more willing to bear them (Kaen, 2005).

Credit risk management is nowadays considered as a key activity for all banks. Many of the disastrous losses of the 1990s, such as those at Orange County in 1994 and Barings bank in 1995, would have been avoided if good credit risk management practices have been in place (Hull, 2007).

In today’s world, managing risk has become a necessity, not an option. Sanusi, (2010) pointed out that in recent years excessive credits and financial asset growth went unchecked. Risk, in insurance terms, is the possibility of a loss or other adverse event that has the potential to interfere with an organization’s ability to fulfill its mandate....

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Item Type: Postgraduate Material  |  Attribute: 85 pages  |  Chapters: 1-5
Format: MS Word  |  Price: N3,000  |  Delivery: Within 30Mins.
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