EFFECT OF BAD DEBTS ON BANKS’ PERFORMANCE (A STUDY OF UNITED BANK FOR AFRICA PLC)
Abstract
The topic of this study is effect of bad debt on Banks’ performance. Its objective is to give precise appraisal to the problems of bad debts as to suggest ways of solving them. The problems involved in this study are personal attitude of officials due to the banks problems created by the borrowers and factors exogenous to banking industry. The study of this research is United Bank for Africa Plc (UBA) in Aba. The data for this study was questionnaire and related literature review analysis of the data collected was done with the use of simple percentage and subsequently the hypothesis tested using chi-square statistics. It was found out from analysis that SAP (Structural Adjustment Program) has affected the standard of living of the people badly. Production has decreased, cost of living high and economy depressed. Also personal attitude officials affects the capital income of bank. After thorough examination of the research study, the researcher comes out with the following recommendation that debt and doubtful bank debt cannot be eradicated but they can be reduced conclusively. Cognizance must be taken of the bank bad debt since the presence of such lead to poor economic growth and progress and government.
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