The healthiness of the economy is directly connected to the soundness of its banking system. The role of banks has placed them as a very valuable partner in the process of economic development. Nowadays‚ banks are very useful for the utilization of the assets of a nation. If there would be no banks then a large segment of assets in the country would stay idle. It is possible to attaining long-term success in the banking sector by providing excellent customer service. It is an effective strategy
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supply forces until the introduction of money. Because money is also like any commodity‚ the demand for money and supply of money are real forces that help promote efficiency in any system that uses the price mechanism‚ since most prices are quoted in monetary units. Nelson (2011) describes the demand for money not as the amount one wishes to have but as the amount of one’s wealth that is preferable in the form of currency or demand deposits. Because the demand for money is the demand for wealth held
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Technology (ICT) and Banking Industry Alawode‚ Ademola John+ Emmanuel Uche Kaka** * Department of Computer Science‚ Federal Polytechnic Ilaro‚ Ogun State‚ Nigeria ** First Bank Nigeria PLC‚ Ahoada Branch‚ Rivers State‚ Nigeria. Abstract Information and Communication Technology‚ the language of the new age and its grammar which is Science has become an indispensable and veritable tool for enhancing effectiveness and efficiency in all other aspects of life. Banking industry has learnt the grammar
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1) Describe the general policy objectives for monetary policy As a member of the Eurosystem‚ the Bank of Greece does not retain control of its policy objectives. Monetary policy is set by the European Central Bank In following the policy objectives of the European Central Bank‚ Greece’s monetary policy maintains the primary objective of achieving price stability. This general objective has been quantified as achieving an inflation rate below‚ but close to‚ to 2% on the medium term. 2) Operating
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APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK PLC NIGERIA) CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Before the emergence of modern banking system‚ banking operation was manually done which lead to a slow down in settlement of transactions. This manual system involves posting transactions from one ledger to another which human handles. Figures or counting of money which should be done through computers
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TERM PAPER : Monetary‚ Banking and Financial Markets 1) Financial markets have the basic function of A A) getting people with funds to lend together with people who want to borrow funds. B) assuring that the swings in the business cycle are less pronounced. C) assuring that governments need never resort to printing money. D) providing a risk-free repository of spending power. 2) Financial markets improve economic welfare because B A) they channel funds from investors to savers. B)
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Introduction -Brief the banking industry. Australia has a well capitalized banking sector. According to the World Economic Financial Development report in the 2010‚ Australia ranked fifth among the world’s leading financial systems and capital market. Australia has four large domestic banks that provide full service retail and commercial lending to the Australia economic. . Because of the Australian baking’s development widely‚ there are various elements impact the banking sector in this country
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preferences in situations where service quality improves. This study is informed by the influx of foreign airlines into Nigeria and the attendant issue of how a prospective buyer takes a decision on which airline to fly. This investigation is conceived with the objective of measuring the effect on airlines the decision variable per passenger’s preferences. The aim is to ascertain how the effect of factors influencing the choice of airline significantly improves the marketing strategies employed by these
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RETAIL ASSETS (USD bn) | |FY2003 |FY2004 |FY2005 | |Outstandings |153 |217 |298 | |Disbursements |18 |22 |29 | Source: Economic Times • The retail loan market
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THE RELEVANCE OF MARKETING IN POST-CONSOLIDATION BANKING IN NIGERIA: AN ILLUSTRATIVE APPROACH BY AMINU‚ S. A.‚ A LECTURER IN THE DEPARTMENT OF MARKETING‚ LAGOS STATE POLYTECHNIC‚ ISOLO CAMPUS asabiod2001@yahoo.com Abstract The purpose of this article is to assess the relevance of marketing in post-consolidation banking in Nigeria. The study highlighted the fact that prior to the consolidations in 2004‚ majority of the banks paid little or no attention to marketing. However‚ with successful
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