EFFECT OF LENDING RATE ON THE PERFORMANCE OF NIGERIAN DEPOSIT MONEY BANK
Abstract
The project work examined the effect of lending rate on the performance of Nigerian Deposit Money Bank. The research work made use of secondary data which were sourced from Central Bank of Nigerian Statistical Bulletin of various years. The data were collected on Return on Equity (ROE), Lending Interest Rate (LR), Deposit Interest Rate (DIR) and Monetary Policy Rate (MIR). The data was analysis with the use of multiple regressions technique of Ordinary Least Square (OLS). The study revealed that positive relationship exists between lending rate and the profit after tax of Nigerian banks. The study recommended that Nigerian banks should review down ward the lending rate to enhance more patronage of the loan facilities by the public.
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