Download Tag: NEW GENERATION BANKS

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. A bank, be it old generation or new generation bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. What differentiate new generation bank from old generation bank are the ...

CHAPTER ONE INTRODUCTION Government, established bank for development purpose and the role played by banking industry in an economic development cannot be over emphasized Some banks are owned by government for example first bank of Nigeria union bank etc.some by the combination of government and individuals. However, banks in Nigeria and the other countries of the world are established to carry out the following functions. 1, To safeguard money and ...

The Problems and Prospects of Small Scale Industries in Nigeria Economy This chapter examines relent literature and theory on the problems of financing small scale industries in Nigeria economy.Infact much work has been done on related dreams of this research work. Small-scale industries development has assumed a lending role in the rapid industrialization and development of different countries of the world. As a result of this lending role and importance ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. A bank, be it old generation or new generation bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. What differentiate new generation bank from old generation bank are the ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY The banking act of 1960 defined banking as business. The business of receiving monies from outside sources as deposits, irrespective of the payment of interest, and the granting of money loans and acceptance of credits or the purchase of bills and cheque and sales of securities for accounts of others. Bank may define as any person or corporation, that provides the minimum banking ...