CORPORATE FINANCE AS A TOOL FOR RESCUING DISTRESSED BANK
CORPORATE FINANCE AS A TOOL FOR RESCUING DISTRESSED BANK
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Date
1999
Authors
MOHAMMED, Kabir Shittu
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Abstract
In Nigeria, the Banking industry witnessed a phenomenal increase in both size
and types of Banks, due to the introduction of Structural Adjustment Programme
(SAP) in I90G and the subsequent deregulation of the economy in 1987. This
led to a stiff competition and coupled with adverse economic forces, it led to the
emergence of distress in the Nigerian banking system.
Considering the prevailing situation in the banking sector made it necessary for
banks to look for ways by which they can survive the wind of being distressed.
These ways are very many, but for the purpose of this research, ;we consider
corporate financing. Because business today is conducted in an age of
economic crisis and highly complex technology. This imposes, on business
management the need to make sound financial decisions based on the analysis
of financial implications. Effective and efficient use of funds will have more
positive impacts not only to the organisation or its employees but also the entire
society.
In this research we will see how effective financial management in business
organisations have direct impact on distressed banks, an example of which is on
Tropical Commercial bank.
Description
A CASE STUDY OF TROPICAL COMMER1CAL
BANK AND ITS SURVIVAL STRATEGIES.
BY
MOHAMMED KABIR SHITTU
MBA
MBA/ADMIN/14763/97-98.
1999
Keywords
CORPORATE FINANCE,, RESCUING DISTRESSED BANK