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The Impact of Interest Rate on Bank Performance in Nigeria Deposit Money
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$17.50
THE IMPACT OF INTEREST RATE ON BANK PERFORMANCE IN NIGERIA DEPOSIT MONEY BANK
- CASE STUDY: A CASE STUDY OF FIRST BANK PLC
- PROJECT YEAR: 2022
- NUMBER OF PAGES: 50
- INSTITUTE:DEPARTMENT OF BANKING AND FINANCE, INSTITUTE OF FINANCE AND MANAGEMENT STUDIES,
KWARA STATE POLYTECHNIC, ILORIN.
THE IMPACT OF INTEREST RATE ON BANK PERFORMANCE IN NIGERIA DEPOSIT MONEY BANK
(A CASE STUDY OF FIRST BANK PLC)
Interest rates, bank rates and discount rates and the quantities instrument of monetary policy as a tender of last resort, interest rate inflation budget burden promote capital inflow and discount height.
Interest rate was first used in Nigeria as an instrument of control between 1912 and 1959. It was used as a mean of working short term instrument of deposit money banking Nigeria. Market are more profitable enough to discourage them repatriate short term kept abroad for retention in Nigeria.
Interest rate if therefore, relatively stable in Nigeria. It was raised upward in 1943 and 1976 to entail credit to private sector and in 1973 to 1976 to reflect liquidity position of the economy.
Between the rate 80s and 90s interest rate was deregulated in view of the adjustment (SAP).
