ABSTRACT
The study evaluates the impact of
monetary policy on profitability of deposit money banks in Nigeria, between
1986 and 2006. Specifically, it examined CBNs monetary policies as well as
profitability of deposit money banks and the extent to which banks performance
is enhanced. It also identified the level of measures adopted by government towards
increased performance of banks determined the level to which interest rate
enhances profitability within the period under review, determine the
relationship between cash reserve ratio and profitability. Judgmental sampling
technique was used in obtaining relevant data for the study. Data was collected
using secondary information only which was valid and reliable as vetted by the
researcher's supervisor. Descriptive statistics was used in presentation of
data; while linear multiple regression analytical tools was used in justifying
the formulated hypothesis and analyzing data collected. Result from the
findings shows that government contributes significantly to deposit money banks
profitability through basic policies and reforms. Cash reserve ratio was found
to be significant at 5% and positively related to profitability, banks spread
was significant at one percent which positively relates to profitability,
interest rate was significant at 10% and negatively related to profitability.
It was recommended that government should consolidate on existing policies for
improved banks profitability, ensure public, private participations in the
provision of a stable and favorable interest rate for increased bank
performance.
NWAEZE, O (2021). Impact Of Monetary Policy On The Profitability Of Deposit Money Banks In Nigeria (1986 - 2006) . Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-on-the-profitability-of-deposit-money-banks-in-nigeria-1986-2006-7-2
ONYEKACHI, NWAEZE. "Impact Of Monetary Policy On The Profitability Of Deposit Money Banks In Nigeria (1986 - 2006) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-on-the-profitability-of-deposit-money-banks-in-nigeria-1986-2006-7-2. Accessed 23 Dec. 2024.
ONYEKACHI, NWAEZE. "Impact Of Monetary Policy On The Profitability Of Deposit Money Banks In Nigeria (1986 - 2006) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Jul. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-on-the-profitability-of-deposit-money-banks-in-nigeria-1986-2006-7-2 >.
ONYEKACHI, NWAEZE. "Impact Of Monetary Policy On The Profitability Of Deposit Money Banks In Nigeria (1986 - 2006) " Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/impact-of-monetary-policy-on-the-profitability-of-deposit-money-banks-in-nigeria-1986-2006-7-2