THE ROLE OF COMMERCIAL BANKS IN THE FACE OF A DEPRESSED ECONOMY.

THE ROLE OF COMMERCIAL BANKS IN THE FACE OF A DEPRESSED ECONOMY (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)

ABSTRACT

Section 2 of the Bills of Exchange Act 1882 provides that n this Act, unless the context otherwise requires bankers includes a body of person, whether incorporated or not, who carry on the business of banking. Business of banking according to Hillsburgh's law of England, is the receipt of money on current or deposit account and the payment of cheques drawn by and the collection of cheues paid in by a customer. The nature and role of bank in the financial intermediation portray the institution a very vulnerable. The primary sources of banks funds are deposits form other banks, private customers and other corporate organizations.  Such deposits usually short termed, are of course; legally repayable in full to the depositors on demand whether or not the bank is successful in investing the money received. This study, examines the roles of commercial banks in the face of a depressed economy in order to bring revival and development. To accomplish these objectives stated above, the study will analyze the financial roles economic roles and the impact they will have on a depressed economy. A good number of commercial banks will be studies with major focus on first bank of Nigeria PLC to see how much role commercial banks has played in our economy. Finally, based on the result of the survey and studies carried out, recommendations aimed at efficient discharge of commercial banks role were made.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

List of tables

List of figures

CHAPTER ONE: Introduction

1.1 Background to the study

1.2 Statement of the problem

1.3 Objective or purpose of the study

1.4 Limitation of the study

1.5 Research question

1.6 Hypothesis

1.7 Significant of the study

CHAPTER TWO: Review of related literature

2.1 What are commercial banks

2.2 Role Definition

2.3 The role of commercial banks in the various sectors of the economy

2.4 Commercial banking operations

2.5 Sources of fund for commercial banks

2.6 Commercial banks regulations by Central Bank of Nigeria

2.7 The social responsibilities of business organization

2.8 Banks social responsibilities

2.9 Bank failure in Nigeria

CHAPTER THREE: Research Methodology

3.1 Research Design

3.2 Area of study

3.3 Population of the study

3.4 Sampling procedure

3.5 Instruments of data collection

3.6 Validation of research instrument

3.7 Reliability of research instrument

3.8 Method of administration of research instrument

3.9 Method of data analysis

CHAPTER FOUR: Data Presentation and Analysis

CHAPTER FIVE: Discussion, Implication:  Recommendations

5.1 Findings

5.2 Conclusions

5.3 Implications

5.4 Recommendation

5.5 Suggestion for further research limitation to the study

Bibliography

Appendix