Credit Management And Debt Collection In Commercial Banks In Nigeria (A Case Study Of Some Selected Banks

📄 Project Abstract

Banks are financial intermediaries between two groups: the savers - depositors and borrowers - spenders. Their activities make it possible for idle funds to be transferred to individuals, firms and government who will use this productively. The surplus units, which the banks borrow from demand the best possible termsin, the rates of interest and maturity structures and maximum liquidity to enable them to have funds back, when they want them or as agreed. Also, the deficit units which borrow from the banks would want to borrow when they need funds and as cheaply as possible. Like the lenders, the borrowers also impose the obligation of maximum liquidity on the banks to enable them to obtain the funds when they need them. The main source of income and profitability of banking remains the spread or difference between the rate at which funds are borrowed at and the rate at which they are invested or loaned out. In these circumstances, credit and debt collection management has become common...