EFFECT OF COVID 19 PANDEMIC IN FINANCIAL INSTITUTION (A CASE STUDY OF FIRST CITY MONUMENT BANK IN MAIDUGURI METROPOLITAN COUNCIL)
Abstract
ABSTRACT
The first objective of this study as mentioned in chapter one, is to determine the relationship between Liquidity and COVID-19 effect of FCMB Bank Plc, Nigeria. The result indicates that there is significant relationship between Liquidity and COVID-19. The outcome is consistent with the study of Akrosh et al (2013). The result suggests that COVID-19 has effect on current ratio of First Bank Plc. The second objectives of this study it to determine the relationship between capital adequacy and COVID-19 pandemic on FCMB PLC, Nigeria. The result indicates that there is positive significant relationship between the independent variable (Capital adequacy) and the dependent variable (COVID-19 pandemic). The outcome is consistent with study of Robert (2013). The implementation of these findings is that capital adequacy play a vital on the performance of UBA bank Plc. The third objective of this studies it to determine the relationship between interest margin and COVID-19 effect of FCMB Plc, Nigeria. The result indicates that there is no significant relationship between the independent variable (interest margin) and the dependent variable (COVID-19 pandemic). The outcome is consistent with study of Robert (2013). The implementation of this findings is that interest margin will only be used in giving out loans and advances to customers. The fourth objective of this studies it to determine the relationship between earning per share and COVID-19 pandemic on FCMB, Nigeria. The result indicates that there is significant relationship between the independent variable (Earning per-share) and the dependent variable (ROE). The outcome is consistent with study of David (2013). The implementation of these findings is that Earning per share will be used to assess the performance and strength of the business by the existing and potential investors. In line with the study results and conclusion reached the study makes the following recommendations.
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