TABLE OF CONTENTS
ABSTRACT
Banking is in the midst of change that has arisen due to economic depression. As government seek to improve economic efficiency and better allocation of resources to solve the problem of economic depression, policy makers are shifting towards openness, competitiveness and market discipline.
In response to the developments, Deposit Money Banks in Nigeria engaged in financial sanitizing, management strengthening, corporate refocusing, Business Process Reengineering (BPR), mergers and acquisitions in order to survive the depressed economy. This whole process is called survival strategies through corporate restructurings.
The writer made efforts to discuss issues, facts and environmental factors surrounding the wave of deposit money banks’ survival in a depressed economy like Nigeria.
The impact of this research in banks was gleaned from five performance indicators namely total assets, total deposits, loans and advances, profit before tax and shareholders’ funds, of First Bank of Nigeria Plc. The research looked at the position of these indicators before and after the sanitizing exercise undertaken by the banks for survival and also, its impact on the entire banking system bearing in mind the effect of globalization on the financial market in particular and the economy at large.
Chapter four shows the presentation and analysis of First Bank’s financial statement with the use of chart, tables, bar chart and graph.
Chapter five summarizes all that was discussed from chapter one to four and gave suggestions on how deposit money banks can survive in a depressed economy.
Finally, this researcher leaves this work open to constructive criticisms and expects future scholars to delve into further research and improve on this work.
Page
Title Page-------i
Approval Page------ii
Dedication -------iv
Acknowledgement -----v
Table of Contents ------viii
Abstract-------vii
CHAPTER ONE:
1.0INTRODUCTION
1.1Background of the Study ----1
1.2Statement of the Problem----9
1.3Objectives of the Study--- - 11
1.4Research Questions----12
1.5Scope of the Study-----12
1.6Significance of the Study----13
1.7Limitations of the Study ----14
1.8Definition of Terms ----15
CHAPTER TWO:
2.0Review of Related Literature---1
2.1Issues in Bank Survival ----17
2.2An Overview of the Operating Environment for
Nigerian Deposit Money Banks---19
2.2.1The Macro-Economic Environment--20
2.2.2Industry Environment ----29
2.2.3The Regulatory Environment/Legal Framework -32
2.3The Business Process Re-Engineering (BPR) Option - - 35
2.3.1Origin and Meaning of the BPR Concept --- 35
2.3.2Fundamental Breakthrough Required for Reengineering
Services in Banks ------- - 36
2.3.3Key and Methodology for Carrying Out a BPR Project in Banks 42
2.3.4The Role of BPR in the Survival and Sanitizing of the Nigerian
Deposit Money Banks------ 47
2.3.5Positive Effects of BPR To the Banking Sector --50
2.4The Merger and Acquisition Option ----52
2.4.1Meaning of the Concept Merger and Acquisition --52
2.4.2Legal Issues in Merger and Acquisition ---55
2.5Synergy: An Efficiency Indicator in Bank Sanitizing --56
2.6Nature of Deposit Money Bank in Nigeria ---59
2.7A Historical Overview of First Bank of Nigeria Plc--60
2.8Depressed Economy ------62
2.8.1Causes of Economic Depression -----63
CHAPTER THREE:
3.0Summary, Conclusion and Recommendation- - - 93
3.1Summary -------- - 93
3.2Conclusion ------ - - 96
3.3Recommendation -------96
Reference: - - - - - - - - 99