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Assessment Of Financial Performance Of Selected Money Deposit Banks In Nigeria: A Ratio Analysis Approach

Author

Listed:
  • Nwachukwu, C

    (Mendel University, Brno, Czech Republic)

  • Vu, H. M

    (Van Lang University, Ho Chi Minh City, Vietnam)

  • Fadeyi, O

    (Anchor University, Ayobo Ipaja, Lagos State Nigeria)

Abstract

The study assessed and compared the financial performance of Zenith Bank Plc and Guaranty Trust Bank Plc two top banks in Nigeria for the period 2012-2016. Secondary data obtained from the annual reports of the two banks were subjected to statistical computation. Descriptive statistics in form were used to present the results. The findings revealed that Zenith Bank Plc management focused more on liquidity and risk asset quality while Guaranty Trust Bank Plc management emphasized more on profitability. The authors therefore, recommend that the balance/mix of liquidity and profitability objectives is important for the banks to deliver superior financial performance to their shareholders.

Suggested Citation

  • Nwachukwu, C & Vu, H. M & Fadeyi, O, 2019. "Assessment Of Financial Performance Of Selected Money Deposit Banks In Nigeria: A Ratio Analysis Approach," Management Strategies Journal, Constantin Brancoveanu University, vol. 43(1), pages 53-63.
    • Handle: RePEc:brc:journl:v:43:y:2019:i:1:p:53-63
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    References listed on IDEAS

    as
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    2. Edmister, Robert O., 1972. "An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 7(2), pages 1477-1493, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Liquidity; profitability; financial performance; dividend per share;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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