ABSTRACT

The main objective of this study is to determine the effect of corporate social responsibility on financial performance of banks in Nigeria. Access Bank Plc was studied over a period of ten (10) years (2009 — 2018). This work employed the banks' donation on health, donation on education and donation on environment for the independent variable in determining the effect on financial performance variables, Profit after tax (PAT), Return on Assets (ROA) and Return on equity (ROE) as dependent variables. The ex-post facto research design was used for this study. The secondary 4ata were obtained from the financial statements (Comprehensive income statement and Statement of financial position) of the bank. Descriptive statistics, Ordinary least square simple regression was employed and used for the analysis. The results of the analysis showed that Donation on health has negative significant relationship with profit after tax of the bank, negative insignificant relationship with return on equity of the bank and positive insignificant effect on return on assets of the bank Donation on education has positive significant relationship with profit after tax of the bank, positive insignificant relationship with return on equity of the bank and positive insignificant relationship with return on assets of the bank Donation on environment has positive insignificant relationship with profit after tax of the bank, positive insignificant relationship with return on equity of the bank and negative insignificant relationship with return on assets of the bank. Based on the above findings, the researcher recommended that management of banks should be more environmentally friendly by increasing its donation on the waste management. Banks should increase their donations on health, education and the environment such that it would influence return on equity. Additionally, banks should identify social responsibility activities that would impact more on the society in order to' attract continued patronage.