THE IMPORTANCE OF BANK LENDING TO THE DEVELOPMENT OF ECONOMY
CHAPTER ONE 1.0 INTRODUCTION Banks generally provide avenue for saving to those who have surplus funds. The surplus deposits are then lent out to the needy personal, cooperate bodies and business customers in form of loans, advances and overdrafts. This proves the statement that “Banks serves as major intermediaries between the demand sector (which need credit to finance projects) and the supply sector (which provide such loan-able funds for such investments)”. ...
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