Description
Abstract
This research work was designed to examine survival strategies in the treasury management in the face of global credit crunch. As a prerequisite toward the accomplishment of this research work, questionnaires were administered to the management and staff of the banks under study. The data collected from the questionnaires were analyzed using percentage analysis and hypothesis were tested using chi-square statistical technique. From the analysis of the data collected, the followings findings were made. Significant relationship exists between treasury position of commercial banks and their profitability. Global credit crunch has an impact on treasury management of commercial banks in Nigeria. This research work was designed to examine survival strategies in the treasury management in the face of global credit crunch. As a prerequisite toward the accomplishment of this research work, questionnaires were administered to the management and staff of the banks under study. The data collected from the questionnaires were analyzed using percentage analysis and hypothesis were tested using chi-square statistical technique. From the analysis of the data collected, the followings findings were made. Significant relationship exists between treasury position of commercial banks and their profitability. Global credit crunch has an impact on treasury management of commercial banks in Nigeria. In summary, treasury management comprises fund acquisition and enables banks to mandate its risk and thereby helped to sustain public confidence in the operation of the banking institution which in turn leads to move patronage and consequently more profit. Base on these findings, the following recommendation were also made. Banks must always ensure it meet up with the statutory legal requirement within the permissible ranges. C.B.N should ensure bank meet up with the statutory legal reserve requirement within the permissible ranges. Failure to do this exposes the bank to penalties which are assessed on shortfalls by the regulatory authority.
Reviews
There are no reviews yet.