TABLE OF CONTENT
Title page
Certificate
Dedication
Acknowledgement
Table of content
CHAPTER ONE
1.0 Introduction
1.1 Background of
the study
1.2 Relevance of the
study
1.3 Objective of the
study
1.4 Statement of the
problem
1.5 Limitations of
the study
1.6 Definition of key
terms and concept
1.7 Organization of
the study
CHAPTER TWO
2.0 Literature
Review: Introduction
2.1 Concept needed
for debt
2.2 Setting the
stage for successful
2.3 Strategies and
sand technique for credit collection
2.4 Effective use of
executive customer
2.5 Handing
difficult customer
2.6 Information
technology
2.7 Knowing your customer successfully (accessing qualitative
management issue)
2.8 Time management
2.9 Cans flow
statement as in relation to debt recovery
CHAPTER THREE
3.0 Research
methodology
3.1 Area of study
(Union Bank Plc)
3.2 Sources of data
3.3 Sampling methods
3.4 Method of data
analysis
3.5 Limitation of
the methodology
CHAPTER FOUR
4.0 Data presentation analysis and findings
4.1 Data presentation
4.2 Data analysis
4.3 Findings
CHAPTER FIVE
5.0 Summary, conclusion and recommendation
5.1 Summary
5.1 Conclusion
5.2 Recommendation
References
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND TO
THE STUDY
Before the advert or existing of money,
transaction was by “barter” this involve or direct exchange of goods for foods
and service for services its shortcoming was that is involve a double incidence
of wants.
And later compounded by indivisibility of certain
goods and services.
The early bankers. The Jew in Lombard Street,
Italy, transacted their business in the market place. The word “bank” itself is
derived from Italian word “BANIO” meaning whenever a bank failed his bank will
be broken up by the angry customer hence the “Bankruptcy” meaning insolvency
i.e. on able to fulfill is financial obligation. Which is derived from the
Italian word “BANKORUPTO” (Broken bench).
The Italian in Lombard later liquidated because they
lend money to king which is not repay back this money. Then can the advent of
goldsmith.
The goldsmith making in London began to expand
their business through safe keeping og valuable and money when such valuable
and money is deposited with the goldsmith receipt would be issued, as the business
grows, the receipt is then intercharge of bank notes.
Then goldsmith realize that such money kept with
them can be lent out to the third party through collection of interest. In
order to secure deposits money and valuable, the British Governments establish
the bank note.
The competition of business raised, excluding the
bank which can trace the history to the sixteenth and seventeenth centuries.
BANKING IN NIGERIA
In Nigeria the earlier activity was carried out by
“Elder Depter” and company with the African banking corporation in 1982/1984.
The bank British West Africa took business is the
sole bank in the country. Now call First Bank of Nigeria (Formally Standard
Bank of Nigeria Limited), 1917 the colonial bank emancipated new bank called
Union Bank of Nigeria Limited.
First indigenous bank was the industrial and Commercial
Bank of 1929 but failed in 1930. Nigeria Mercantile Bank come on 1931 and
founded in 1936 National Bank of Nigeria Limited was opened in 1933. The came
in 1945. It was followed by African Continental Bank on 1945 (Tinubu Bank)
sooner French and Brutish United later to become United Bank of Africa (UBA) in
1949.
Due to frequent collapse of bank and lost of
depositors fund. The need for legislation to protest public fund arise the first
banking or finance appeal lest in 1952 and ruled that all bank must operate
through the issue of license from the government, the 1958 ordinance come,
which establish the Central Bank of Nigeria, which took over the issue of note
and regulation of monetary statutory.
BANKING ACT OF 1969
Due to come
structural and operational change banking industry.
The need for
greater and better control.
The Banking of 2009
There are outstanding changes not yet made by the
legislation.gov.uk editorial team to banking act 2009. These change will be
listed when you open the content using the table of contents below. Any change
that have already been made by the team appear in the content and are
referenced with annotations.
RURAL BANKING SCHEME
The CBN initiated
by rural banking scheme whereby Commercial Bank where allocated 200 branches in
the first phase. 226 branch in the second phase and 300 branch under the third
phase. The scheme create awareness on the important of banking in the rural
areas and,
i.
Central bank
ii.
Commercial bank
iii.
Merchant bank
iv.
And specialized.
1.2 RELEVANCE OF THE STUDY
The
main purpose of the study is to English various management. On debt recovery
technique and it effect on profitability in the country. It aims of establishing
how find can be source invested regulated by invested through banking.
1.3 OBJECTIVE OF THE STUDY
This study
will be tremendous benefit to operator in banking industry as a debt manager
whom will be expose to various of find to a bank and how this fund can be
ideally utilized and retrieved from borrowers. Establish the bank note.
1.4 STATEMENT OF PROBLEM
Every commercial enterprise arise of which bank
and not exception, require fund either for expension long term or to finance
investment in trade. The sufficient utilization of these funds in an important
factors that determines the success or failure of the organization.
The problem associated with this needs is whose
how and is what volume or quality will this fund be sought.
1.5 LIMITATION OF THE STUDY
The study
cover various sources and utilization of debt available to a bank it will cover
debt recovery management activity in Union Bank for a period of 5 years between
1996-2000.
Also the
activities if treasure department relating to sourcing and utilization of debt
in the bank (Union Bank will be examined).
1.6 DEFINITION OF KEY TERMS AND CONCEPT
Debt recovery: A debt recovery person must combine many skill to be able to
tackle numerous complex situations.
Management: This is directing task of an organization resources to
achieve organization goal. Function of manager are planning controlling
motivation leading etc.
Profitability index: Very important to financial institution like bank because it
is and evidence of strength and progress. It also helps to generate confidence
bank maximum revenue and minimize lot to make profit.
Bank: A banker is a dealer in capital or dealer in money, he is an
intermediate party between leader and borrows. He borrows and party and land to
another.
1.7 ORGANIZATION OF THE STUDY
Chapter
one compiles of introduction and statement of problem and background to the
study.
Chapter two
comprises the literature review that carry out the introduction to the area
project work.
Chapter three
consists of the area of study which is known as Union Bank of Nigeria Plc.
Chapter four has the introduction and analysis and
interpretation of result.
In chapter five it is made up to summary of the
work and recommendation of the work.
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