Income generating activities are the sources of revenues for financial institutions. The study evaluated income generating activities of rural and commercial banks. Income generating activity was defined as ‘all operation that produce income or recover cost by providing goods or services to the general public’. Convenience sampling technique was used to sample a rural bank, South Akim Rural Bank, and a commercial bank, GCB, both in the Koforidua municipality as case study.Questionnaires were used to gather primary data on income generating activities of both bank. Other secondary sources of data such as books, journals, articles and reports were also used in the research. Frequencies and descriptive statistics were the major tools used to analyze data collected for the study. The study noted some major income generating activities run by rural and commercial banks to include loans, money transfer, sale of shares, treasury bills etc. The study found that loans are the most profitable income generating activity rural and commercial banks engage in, though other income generating activities generate appreciable income. Further, the study found that commercial banks generate very high income from their income generating activities compare to rural banks mainly due to their large customer base and comparatively wider network of branches. This lays a major distinction between rural and commercial banks. Increase in inflation, deteriorating value of the cedi and the country’s poor economic growth were some factors found to hinder increasing revenue from Subscribe to access this work and thousands more
AN EVALUATION OF INCOME GENERATING ACTIVITIES OF RURAL AND COMMERCIAL BANKS: A CASE STUDY OF GCB-KOFORIDUA AND SOUTH AKIM RURAL BANK-KOFORIDUA
ABSTRACT Income generating activities are the sources of revenues for financial institutions. The study evaluated income generating activities of rural and commercial banks. Income generating activity was defined as ‘all operation that produce income or recover cost by providing goods or services to the general public’. Convenience sampling... Continue Reading
INTRODUCTION In this present world, all nation want its rural urban areas to be developed, with this perspective policies are being formulated to ensure its achievement of that country. For instance, in Nigeria a great number of people live in the rural areas and so the federal, sate and local government are very much concerned in the issue of... Continue Reading
ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about 1000 unit community banks and hundreds of thousands of customers, the banking habit has reasonably increased in the rural areas. The poor... Continue Reading
ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about 1000 unit community banks and hundreds of thousands of customers, the banking habit has reasonably increased in the rural areas. The poor... Continue Reading
PROBLEMS AND PROSPECTS OF COMMUNITY BANKS IN THE RURAL DEVELOPMENT OF NIGERIA. (A CASE STUDY OF OGUI COMMUNITY BANK, ENUGU SOUTH L. G. A.) ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about... Continue Reading
ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about 1000 unit community banks and hundreds of thousands of customers, the banking habit has reasonably increased in the rural areas. The poor... Continue Reading
ABSTRACT The importance of personal income tax to government, both as a revenue source and as a fiscal policy factor cannot be over emphasized. In order to achieve this objective, the project work was divided into five chapters, each chapter dealing with an aspect of the work and helps to highlight the rudiments which when collated, get the root... Continue Reading
ABSTRACT The study was to assess employees’ attitudes towards work and the effects these attitudes have on their job performance. The study employed the quantitative approach using forty- eight (48) respondents from Koforidua Technical University made up of male and female administrative staff both of the senior and junior level forming the... Continue Reading
ABSTRACT The importance of personal income tax to government, both as a revenue source and as a fiscal policy factor cannot be over emphasized. In order to achieve this objective, the project work was divided into five chapters, each chapter dealing with an aspect of the work and helps to highlight the rudiments which when collated, get the root... Continue Reading
ABSTRACT This study investigated the evaluation of rural credit markets in Ikwuano Local Government Area of Abia State. The study focused on the financial lending institutions (formal and informal) that lend money to farmers, the differences in the lending conditions and amount of loan granted between the identified sources. Also, the... Continue Reading