DEBT RECOVERY STRATEGIES AND PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA
Author(s): Innocent Obeten Oko, Helen Walter Mboto, Faithpraise Bassey Otosi, Comfort Innocent Okoi
Institute(s): 1,2 Department of Banking & Finance University of Calabar; 3,4 Department of Business Management University of Calabar
Volume 2021 / Issue 2
Abstract
The study examined debt recovery strategies of Commercial banks in First Bank of Nigeria Plc. Data were drawn from a sample size of 109 staff of First Bank Nigeria Plc., Calabar, Cross River State, using purposive sampling technique. Sample percentage and frequency distribution was used for demographic data analysis. Survey research design was used as well assimple linearregression. The findings revealed that; there was significant positive effect of guarantors on return on assets. Collateral and litigation also have a significant positive effect on return on assets. Based on the findings it was recommended that commercial banks should ensure that owners of collateral pay their loans on time to ensure returns on assets. Moreover, the commercial banks should strengthen the use of guarantors to reduce the burden of bad debts and risks.
Number of Pages: 11
Number of Words: 2297
First Page: 152
Last Page: 161