Effect of Cash Management on The Financial Performance of Cooperative Banks in Rwanda: A Case of Zigma CSS
Journal Title: Invention Journal of Research Technology in Engineering & Management - Year 2018, Vol 2, Issue 5
Abstract
This paper analyses the effect of cash management on the financial performance of cooperatives banks in Rwanda. A descriptive research design was used. The population comprised of 148 employees of ZIGMA CSS from which a sample of 108 employees was determined using Solvirn and Yemen’s formula. Data was collected from both primary and secondary sources using questionnaires and document analysis. Data was presented using frequency tables from which analysis was made. A multi regression analysis was used to analyse relationship between the variables. The results from the survey revealed that ZIGMA CSS uses various cash management techniques in the cash management. The results further revealed a strong relationship between cash management and financial performance of ZIGMA CSS. The study concludes that cash management is a key tool in the financial management of the banks since cash forms the biggest asset of the bank. Cooperatives banks should ensure that they develop policies in effective cash management.
Authors and Affiliations
Mutesi Alice
Keywords
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