DEBT RECOVERY MANAGEMENT AND ITS EFFECT ON PROFITABILITY INDEX OF BANKS (A CASE STUDY OF UNION BANK NIGERIA PLC ILORIN)


DEBT RECOVERY MANAGEMENT AND ITS EFFECT ON PROFITABILITY INDEX OF BANKS (A CASE STUDY OF UNION BANK NIGERIA PLC ILORIN)  

TABLE OF CONTENT

Title page 

Certificate 

Dedication 

Acknowledgement

Table of content 

CHAPTER ONE

1.0 Introduction

1.1 Background of the study 

1.2 Relevance of the study 

1.3 Objective of the study   

1.4 Statement of the problem 

1.5 Limitations of the study 

1.6 Definition of key terms and concept 

1.7 Organization of the study 

CHAPTER TWO  

2.0 Literature Review: Introduction

2.1 Concept needed for debt 

2.2 Setting the stage for successful 

2.3 Strategies and sand technique for credit collection 

2.4 Effective use of executive customer

2.5 Handing difficult customer 

2.6 Information technology 

2.7 Knowing your customer successfully (accessing qualitative management issue) 

2.8 Time management 

2.9 Cans flow statement as in relation to debt recovery

CHAPTER THREE 

3.0 Research methodology 

3.1 Area of study (Union Bank Plc) 

3.2 Sources of data 

3.3 Sampling methods 

3.4 Method of data analysis 

3.5 Limitation of the methodology 

CHAPTER FOUR

4.0 Data presentation analysis and findings 

4.1 Data presentation 

4.2 Data analysis

4.3 Findings 

CHAPTER FIVE

5.0 Summary, conclusion and recommendation 

5.1 Summary 

5.1 Conclusion 

5.2 Recommendation 

References

CHAPTER ONE

1.0 INTRODUCTION 

1.1 BACKGROUND TO THE STUDY 

Before the advert or existing of money, transaction was by “barter” this involve or direct exchange of goods for foods and service for services its shortcoming was that is involve a double incidence of wants.  

And later compounded by indivisibility of certain goods and services.

The early bankers. The Jew in Lombard Street, Italy, transacted their business in the market place. The word “bank” itself is derived from Italian word “BANIO” meaning whenever a bank failed his bank will be broken up by the angry customer hence the “Bankruptcy” meaning insolvency i.e. on able to fulfill is financial obligation. Which is derived from the Italian word “BANKORUPTO” (Broken bench).

The Italian in Lombard later liquidated because they lend money to king which is not repay back this money. Then can the advent of goldsmith.

The goldsmith making in London began to expand their business through safe keeping og valuable and money when such valuable and money is deposited with the goldsmith receipt would be issued, as the business grows, the receipt is then intercharge of bank notes.

Then goldsmith realize that such money kept with them can be lent out to the third party through collection of interest. In order to secure deposits money and valuable, the British Governments establish the bank note.

The competition of business raised, excluding the bank which can trace the history to the sixteenth and seventeenth centuries.

BANKING IN NIGERIA

In Nigeria the earlier activity was carried out by “Elder Depter” and company with the African banking corporation in 1982/1984. 

The bank British West Africa took business is the sole bank in the country. Now call First Bank of Nigeria (Formally Standard Bank of Nigeria Limited), 1917 the colonial bank emancipated new bank called Union Bank of Nigeria Limited.

First indigenous bank was the industrial and Commercial Bank of 1929 but failed in 1930. Nigeria Mercantile Bank come on 1931 and founded in 1936 National Bank of Nigeria Limited was opened in 1933. The came in 1945. It was followed by African Continental Bank on 1945 (Tinubu Bank) sooner French and Brutish United later to become United Bank of Africa (UBA) in 1949. 

Due to frequent collapse of bank and lost of depositors fund. The need for legislation to protest public fund arise the first banking or finance appeal lest in 1952 and ruled that all bank must operate through the issue of license from the government, the 1958 ordinance come, which establish the Central Bank of Nigeria, which took over the issue of note and regulation of monetary statutory.

BANKING ACT OF 1969

Due to come structural and operational change banking industry.

The need for greater and better control.

The Banking of 2009

  There are outstanding changes not yet made by the legislation.gov.uk editorial team to banking act 2009. These change will be listed when you open the content using the table of contents below. Any change that have already been made by the team appear in the content and are referenced with annotations.

RURAL BANKING SCHEME

The CBN initiated by rural banking scheme whereby Commercial Bank where allocated 200 branches in the first phase. 226 branch in the second phase and 300 branch under the third phase. The scheme create awareness on the important of banking in the rural areas and,

i. Central bank

ii. Commercial bank

iii. Merchant bank 

iv. And specialized.

1.2 RELEVANCE OF THE STUDY 

       The main purpose of the study is to English various management. On debt recovery technique and it effect on profitability in the country. It aims of establishing how find can be source invested regulated by invested through banking.

1.3 OBJECTIVE OF THE STUDY 

This study will be tremendous benefit to operator in banking industry as a debt manager whom will be expose to various of find to a bank and how this fund can be ideally utilized and retrieved from borrowers. Establish the bank note.

1.4 STATEMENT OF PROBLEM

Every commercial enterprise arise of which bank and not exception, require fund either for expension long term or to finance investment in trade. The sufficient utilization of these funds in an important factors that determines the success or failure of the organization.

The problem associated with this needs is whose how and is what volume or quality will this fund be sought.

1.5 LIMITATION OF THE STUDY 

The study cover various sources and utilization of debt available to a bank it will cover debt recovery management activity in Union Bank for a period of 5 years between 1996-2000.

Also the activities if treasure department relating to sourcing and utilization of debt in the bank (Union Bank will be examined).

1.6 DEFINITION OF KEY TERMS AND CONCEPT 

Debt recovery: A debt recovery person must combine many skill to be able to tackle numerous complex situations.

Management: This is directing task of an organization resources to achieve organization goal. Function of manager are planning controlling motivation leading etc.  

Profitability index: Very important to financial institution like bank because it is and evidence of strength and progress. It also helps to generate confidence bank maximum revenue and minimize lot to make profit.   

Bank: A banker is a dealer in capital or dealer in money, he is an intermediate party between leader and borrows. He borrows and party and land to another.

1.7 ORGANIZATION OF THE STUDY 

  Chapter one compiles of introduction and statement of problem and background to the study.

Chapter two comprises the literature review that carry out the introduction to the area project work. 

Chapter three consists of the area of study which is known as Union Bank of Nigeria Plc.

Chapter four has the introduction and analysis and interpretation of result.

In chapter five it is made up to summary of the work and recommendation of the work.

CHAPTER TWO

2.0 LITERATURE REVIEW INTRODUCTION 

The existence of an effective banking in industry is necessary for every economy. It enable the necessary environment for economy growth and development, through it’s role in intermediating funds from surplus to deflect its order to appreciate the effect of debt in the banking industry. We like instantly on the varied view of debt recovery influence.

Change influence total spading in the economy (in order word cash flow statement) (Fisher in 2002) with other classified writers hold the view in the short run debt influence was directed by interest that were “strictly initially through costing subsequently.

But in the volume of money after the rate of interest. Usually approximately by the long term government bond rate which effect investment and possible consumption. 

      Thus, the link between net wealth of the private sector and consumption was analyzed by Pigous (2005) and Pitman (2008) in the firm of real cash quantity of money could affect real aggregate demand. 

Even if they did not after the rate of interest. Debt recovery is an important in company very few companies can function properly on cash business or without obtaining credit from financial institution. Companies that so not give or take credit are usually very small in size and have limitation in expanding. 

Although offering credit term to customer is tantamount to expansion and acquiring big customer, there is always an element of risk involved.     

Therefore, many company implement strict credit policies to minimize their credit loss arises from bad debt. However, a good credit policy covers a;; aspect of the business transaction ranging from review of potential customers creditability to ascertaining the amount and duration of the credit policy there is no way that it can eliminate loss totally.

Moreover, a good effective credit policy could help to determine calculated loss minimized its impact of the business. 

To make a good judgement on the customer credit worthiness.

It is important to take note of the following points:

i. The company must have a good bank re cord of sales achievement.

ii. The sale and profit must be on a gradually increase year by year. A gradual dividing sales and profit it is a bad indicator of the company’s future performance. 

iii. A good cash flow management is important to ensure the company practices that.   

Debit is one of the major troubles that most of the people go through every year and find. It difficult to find a way out debt recovery. Debt cause great stress to those who are entirely stuck into it. The debt management programs help both the individuals an companies in a speedy debt recovery. Though there are programs that help in getting of  a debt.

The debt management companies counsels the clients about the credit and analyze the whole of the debts.

They will also explain how the debt management system works an all problem ways out of debt.

.

DEBT RECOVERY MANAGEMENT AND ITS EFFECT ON PROFITABILITY INDEX OF BANKS (A CASE STUDY OF UNION BANK NIGERIA PLC ILORIN)



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.net guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.