Economics, Econometrics and Finance
3 years ago

Financial sustainability key to Nigerian banks' performance and community development

Journal of Money and Business
Financial sector sustainability and performance – Policy Imperative for the monetary authorities'
Richard C. Osadume, Anthony Ojovwo Okene

Paper Summary

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Financial sector sustainability in Nigeria impacts the performance of major banks like Zenith, Guaranty, UBA, and First Bank. The study found that sustainability has a significant short-term effect on return on assets and return on equity, but not in the long run. This suggests that financial sector sustainability is linked to bank profitability. The research recommends that monetary authorities create yearly sustainability frameworks for banks to improve their performance and contribute to the community and economy.