The Role Of Commercial Bank In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch)
ABSTRACT
Commercial bank is retail financial institutions specializing in receiving deposit and
other valuables, remitting foreign and domestic exchange, collecting cheque, drafts,
notes and other obligations on behalf of their customers. Rural financial system is a
powerful instrument and a pre requisite in accelerating the developmental activities
in rural areas.
Commercial banks largely function in an autonomous fashion with its own norms
and discipline. Of course, the agencies in the unorganized sector in our villages have
still a dominating position in rural finance Commercial bank assistance has helped
in the development of the rural area. They have influenced in the development of
rural area. Eco bank Transnational Incorporated as a private sector-led initiative that
supports irnpactful projects. The foundation's main areas of interest include
entrepreneurial development, especially in rural communities; education;
community development and health. The Eco bank Foundation achieves its purpose
by partnering registered non-profit making organizations.
Thus, it could be observed that commercial bank has a role to play in the
development of the rural area development, and also the assistance commercial bank
has given to people in the rural area has affected development in the area.
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OKONWEZE.A.CHINONSO, O (2021). The Role Of Commercial Bank In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch). Repository.mouau.edu.ng: Retrieved May 18, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-commercial-bank-in-the-development-of-rural-area-a-case-study-of-ecobank-nigeria-plc-umudike-branch-7-2
OKONWEZE.A.CHINONSO, OKONWEZE.A.CHINONSO. "The Role Of Commercial Bank In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 10 Jun. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-commercial-bank-in-the-development-of-rural-area-a-case-study-of-ecobank-nigeria-plc-umudike-branch-7-2. Accessed 18 May. 2024.
OKONWEZE.A.CHINONSO, OKONWEZE.A.CHINONSO. "The Role Of Commercial Bank In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 10 Jun. 2021. Web. 18 May. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-commercial-bank-in-the-development-of-rural-area-a-case-study-of-ecobank-nigeria-plc-umudike-branch-7-2 >.
OKONWEZE.A.CHINONSO, OKONWEZE.A.CHINONSO. "The Role Of Commercial Bank In The Development Of Rural Area (A Case Study Of Ecobank Nigeria Plc, Umudike Branch)" Repository.mouau.edu.ng (2021). Accessed 18 May. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-commercial-bank-in-the-development-of-rural-area-a-case-study-of-ecobank-nigeria-plc-umudike-branch-7-2