RELATIONSHIP BETWEEN DEPOSIT LIABILITIES AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA.

https://doi.org/10.5281/zenodo.13935368

Authors

  • Eke Robert Ike (PhD, Fca) Department of Accounting and Finance, School of Social and Management Sciences, Wellspring University Benin City, Edo State.
  • Akhabue Joshua Department of Accounting and Finance, School of Social and Management Sciences, Wellspring University Benin City, Edo State.
  • Benson Omonkhuale Uduehi Department of Business Administration, School of Social and Management Sciences, Wellspring University Benin City, Edo State.

Keywords:

Profitability, Current Deposit, Savings deposit, Time Deposit, Deposit Money Banks.

Abstract

The objective of the study is to examine the relationship between fund deposit and profitability of deposit money banks in Nigeria. The study adopted the panel research design and data were extracted from the floor of the Nigeria Exchange Group (NGX) from 2016-2022. The population comprise of twelve (12) listed deposit money banks on the Nigeria stock Exchange and descriptive analysis were used to establish relationship between the variables of the data while the panel least square was employed to draw inference on the phenomenon under review. The result from the inferential statistics revealed that Current deposit has positive and significant impact on the profitability of return on asset (ROA) of deposit money banks in Nigeria. Savings deposit has no significant impact on profitability of return on asset (ROA) of deposit money banks in Nigeria; Time deposit has positive and significant influence on profitability of return on asset (ROA) of deposit money banks in Nigeria. The study concluded therefore that a bank’s deposits have positive impact on profitability of deposit money banks in Nigeria. Specifically, current deposit and time deposit have positive impact on profitability of deposit money banks in Nigeria. The study recommended that deposit money banks in Nigeria should focus more on growing their current and time deposit as a strategy in increasing their performance

Published

2024-10-15

How to Cite

Eke , R. I., Akhabue , J., & Uduehi, B. O. (2024). RELATIONSHIP BETWEEN DEPOSIT LIABILITIES AND PROFITABILITY OF DEPOSIT MONEY BANKS IN NIGERIA. SADI Journal of Interdisciplinary Research (SJIR), 11(4), 1–16. https://doi.org/10.5281/zenodo.13935368

Issue

Vol. 11 No. 4 (2024): October-December

Section

Original Peer Reviewed Articles
Copyright & Licensing

Copyright (c) 2024 SADI Journal of Interdisciplinary Research (SJIR)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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