he Influence of Lending Rate on the Performance of Deposit Money banks in Nigeria
Journal Title: International Journal of Scientific Research and Management - Year 2016, Vol 4, Issue 3
Abstract
n a developing economy like Nigeria, the principal reason why banks are licensed is to aid financial intermediation . Banks are expected to support their local environment with adequate supply of credit for all legitimate business es and consumer financial needs and to ensure that credit is reasonably in line with competitively determined lending rate s. Indeed, granting of credit is one of the principal economic functions of banks . Therefore; ban ks make credits available for consumption and investment spending by business, individual and units of go vernment. They mobilize funds from surplus econom ic units and then convert such funds as credit facilities to the deficit units. How well a bank performs its lending function has a great deal to do with the economic health o f its region, because bank credits support the growth of new businesses and jobs within the banks trading territory and promote economic viability. ( Onoh , 2002 ) .
Authors and Affiliations
Owui Hycenth Okang
Keywords
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