Electronic Banking and Growth of Deposit Money Banks Operations: Nigeria Experience (original) (raw)
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Effect of Electronic Banking on the Profitability of Deposit Money Banks in Nigeria
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The study examined the effect of electronic banking on the profitability of deposit money Banks in Nigeria. Banking industry is confronted by a new innovation imposed by technology transformation that has changed the way banks conduct their activities from traditional means to electronic means. Furthermore, this study investigates how the electronic banking channels through internet, mobile, POS and ATM have impacted on deposit money banks profitability. It is against this background that the study examined the effect of electronic banking on the profitability of deposit money Banks in Nigeria. The methodology of the study was quantitative in nature. Using time series data of 2006 -2015, the study employed regression technique in the analysis of sourced data. Data were collected from secondary sources through annual reports of deposit money Banks in Nigeria. Electronic banking was measured using the total values of internet banking, mobile banking, POS and ATM while Profitability was measured using profit margin of deposit money banks in Nigeria. Profitability was regressed on internet banking, mobile banking, POS and ATM using ordinary least square regression technique. The study revealed that positive relationship exists between mobile banking and Profitability, and between ATM and Profitability. In addition, there is also a statistically significant relationship between POS and Profitability while there is no significant relationship between internet banking and Profitability. As such, E-banking has a positive effect on Profitability of deposit money banks in Nigeria. It is therefore, recommended that banks must offer numerous services through internet banking and effective transaction through the POS Terminals.
Effect of electronic banking on financial performance of deposit money banks in Nigeria
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The impact of technology on commerce cannot be denied, especially in relation to trade. This study was conducted to examine the impact of electronic banking on the financial performance of Nigerian deposit money banks. The data for the study was obtained from the Central Bank of Nigeria’s Statistical Bulletin and the National Bureau of Statistics’ Statistical Bulletin for various years, as well as from published financial statements of the banks under study. An ex-post facto research design was used and a normality test was carried out to establish the goodness of the data; descriptive statistics and a multicollinearity test were conducted in which the independent variables were found good. Regression was adopted to test two hypotheses. It was found that ATM has a positive and significant association with Earning EPS and ROA; POS and NEFT significantly affect ROA only, while WEB has an insignificant impact on both EPS and ROA. It is concluded that electronic banking significantly af...
The Effects of Electronic Banking on Growth of Deposit Money Banks in Nigeria
European Journal of Business and Management, 2014
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The Effects of Electronic Banking on Growth of Deposit Money
2015
The research is financed by self Using time series data for the period 2006- 2012, this study examined the effects of electronic banking on growth of deposit money banks in Nigeria. Data were collected from secondary sources through annual reports and statistical bulletin of Central Bank of Nigeria. Electronic banking was measured using the total value of internet and mobile banking while growth was measured using the value of total deposits and total assets of deposit money banks in Nigeria. A total deposit was regressed on internet and mobile banking, while a total asset was regressed on internet and mobile banking using multiple regression technique. The study revealed that positive relationships exist between mobile banking and total deposits, and between internet banking and total asset while on the other hand, no significant relationships between internet banking and total deposits, and between mobile banking and total asset. It is therefore recommended that banks that want to...
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The study investigated impact of electronic banking on profitability of deposit money banks in Nigeria from 2009 to 2018. Secondary data were obtained from Central Bank of Nigeria statistical bulletin. Data obtained were analysed using Ordinary Least Square estimation technique. E-view software package was used to measure relationship between electronic banking and profitability of deposit money banks in Nigeria. From the result, internet banking has an insignificantly positive impact on profitability. It was also revealed that ATM has a significantly positive impact on profitability. The study recommended that the monetary authorities and deposit money banks in Nigeria should enlighten their customers on the convenience and importance of adopting e-banking channels in completing their transactions. In addition, banks should conduct further research to find new e-banking products to attract and retain their existing customers.
Impact of Electronic Banking on Bank Performance in Ekiti State, Nigeria
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Electronic Banking Innovations and Selected Banks Performance in Nigeria
The Economics and Finance Letters
In the past few years, Nigerian banks have embraced the global trend of digitalization in banking operations. Thus, after the consolidation and recapitalization exercises, many banks have strengthened and streamlined their facilities, tailored their services as well as automated their operations. In the heat of competition, banks are now adding to the stock of e-banking in order to maintain a competitive edge over their competitors. However, despite the rapid development in electronic banking innovations, it is not clear whether e-banking innovations have impacted positively and significantly on banks' performance in Nigeria. The main objective of this paper therefore is to estimate the impact of e-banking innovations (ATM transactions, mobile banking transactions, and point of sales transactions) on the performance of six selected banks in Nigeria. The study adopts a SURE model in the quantitative analysis of six selected old and new generation banks. The results indicate that automated teller machine transactions, point of sale transactions, mobile banking transactions are major e-banking innovations that contribute to old and new banks' performance in Nigeria. The study therefore concludes that the selected banks and other banks should intensify efforts to increase their asset base and continue to invest in e-banking innovations in order keep preforming well and also remain profitable. The study also calls for efficient management and utilization of funds to train and educate bank workers and general public regularly on how to deploy and use e-banking channels and other related technological innovations respectively. Contribution/Originality: This study is among the first in Nigeria to estimate the impact of e-banking innovations (ATM transactions, mobile banking transactions, and point of sales transactions) on the performance of six selected banks in Nigeria since after the consolidation and recapitalization exercise. Unlike other similar studies, the study adopts a SURE model in the quantitative analysis of six selected old and new generation banks. 1. BACKGROUND AND MOTIVATION Globalization, technological innovations and advanced development in different economies' financial system especially in this 21 st century have really changed the dynamics of financial transactions globally (Johnnson, 2005). According to Oyewole et al. (2013) explosive growth in ICTs have removed the narrowed digital divide and turned business sphere into an electronic world (e-world). Nigerian banks are no exception as banks in Nigeria, especially after the consolidation and recapitalization exercises, have strengthened and streamlined their facilities, tailored their services as well as automated their operations in line with those linked with account Balances, account statement, fixed deposit and check statements. Payment include those associated with credit and debit cards, funds
Effect of Electronic Banking on the Economic Growth of Nigeria [2009-2018]
Zenodo (CERN European Organization for Nuclear Research), 2023
This study examines the impact of electronic banking on economic growth in Nigeria over the period of 2009-2018 using quarterly data. Secondary data were collected from the CBN statistical Bulletin and the Nigerian Bureau of Statistics so as to establish the relationship between the dependent variable (Real GDP) and the independent variables (Automated Teller Machines, Point-of-Sale, Internet Banking and Mobile Banking). The research adopted the Vector Error Correction Model (VECM) and the results of the analysis show that electronic banking has significantly impacted on the economic growth of Nigeria. The VECM result shows that R 2 is 0.5897, which shows that the model explains about 58.97% of the total variations in Economic growth as explained by the independent variables during the period of the study, while 41.03% is explained by variables not included in the model. The result of the analysis shows that Electronic Banking has a significant relationship with Nigeria's economic growth, while Point of Sales, Internet Banking and Mobile Banking, individually have no significant effect on Nigeria's economic growth, while Automated Teller Machine has significant effect on economic growth in Nigeria for the period under consideration. The research recommends that the government should reduce the charges on the use of electronic means of transactions so as to encourage people to use them more often.
SSRN Electronic Journal, 2013
Information communication technology has become the engine block of every banking institution worldwide and Nigerian banking institutions are not exempted. In an attempt to meet up with the global challenges, commercial banks are not left out in the bid to improving banking system efficiency. For the purpose of this research, the historical and survey research methods were adopted. Data were collected from both primary and secondary sources. Hypothesis formulate were tested using chi-square and regression analysis. The study finds that the traditional banking system is not in line with global trends and that the application and usage of information technology in the banking system is necessary for efficient service delivery. It also reveals the use of electronic banking as significantly revolutionizing service delivery to improve customer satisfaction through the various electronic fund transfer and payment services such as the automated teller machine (ATMs), and other cards services, internet banking, mobile banking and all sorts of banks and financial institution services to speed up service delivery for and to stimulate efficiency in the entire financial system. The study recommends that banks and other financial institutions should embark upon training programme for all operational staff of all banks and public awareness should be instituted to improve the knowledge of information communication technology and for performance adequacy to support the much needed efficiency and operational effectiveness and also to control the regular system failure that customers face. The study recommends how banks and government can streamline the problem of infrastructure in the economy. Banks should come together and form partnerships in the sharing and use of technological equipment to increase their efficiency and cost effectiveness.