Sectoral Lending by Ethiopian Commercial Banks: a Performance Analysis
|
|
- Madlyn Dalton
- 6 years ago
- Views:
Transcription
1 Sectoral Lending by Ethiopian Commercial Banks: a Performance Analysis A.S.Kannan, Ph.d Scholar, School of Management, Pondicherry University, Puducherry professorkannan@gmail.com Dr. S. Sudalaimuthu, Associate Professor, School of Management, Pondicherry University, Puducherry. Abstract: Competition in Ethiopian banking industry started in 1994 with the advent of the first private bank, viz., Awash International Bank. banks emerged gradually year by year till 2012, and in March 2015 there were 2 public sector banks and 16 private banks in the country. Though the public sector is given unequivocal support by the democratic government in Ethiopia, private banks do not lag behind much by showing a spirited attempt to show their performance in all fronts, especially in lending to various industries. The study attempted to examine the lending performance of commercial banks in Ethiopia and made a comparison between the lending of public sector and private sector banks. Using secondary data for 16 years from to , this descriptive study found mixed growth trends in gross as well as net advances in the country for public and private banks. banks tended to show more oscillating picture in growth rates for gross advances. Mean and standard deviation values for gross advances showed gradually increasing trend over the years for private banks. In average gross lending in the country, public sector banks grabbed 55.32% and private counterparts contributed to 44.68%. Among public banks, Commercial Bank of Ethiopia is the major lender with 52.04%, and among private banks Dashen Bank is the major lender with 10.97%. banks outperformed in lending to agriculture, manufacturing industries and staff loans, while private banks shone in lending to domestic trade and services, and others. Both sector banks continued to prefer lending to import and export activities throughout the 10 years till Major public sector bank, i.e. Commercial Bank of Ethiopia, dominated the lending scenario of the country by having 52.04% of the average lending in Ethiopia for the 10 years from to Key Words: Advances, Commercial Banks, Ethiopia, Empirical study, Performance Evaluation. JEL Classification: G210, G280, E
2 1.0 Introduction Banks are the financial institutions, which are legally empowered to accept deposits of money from the public, and to lend the same back to those who are in need of funds. They meet their establishment costs with the margin available from the difference of interests (earned from advances as against paid for deposits). Hence, appropriate and profitable lending of deposits of money is the key to the success of banking operations. The advances can be for short term, medium term, and long term depending on the need and nature of the funds demanded by the borrowers. Again, based on security backup for the loan, the advances can be classified as clean advances and secured advances (partially or fully). Security backup for the advances could be ranging from mortgage on land and buildings to stock hypothecation. In Ethiopia, banking started way back in 1906 when the then emperor permitted the commencement of operations by foreign correspondents in the name of Bank of Abyssinia. After a brief intervention by Italian banks in 1930s, banking in Ethiopia got nationalized in 1964, and entry of private entrepreneurs was permitted in 1994 by the democratic government. The banking industry in Ethiopia has only one development bank, viz., the Development Bank of Ethiopia (DBE), and two public sector commercial banks and 16 private sector commercial banks as of March 2015 with 2604 branches all over the country. 26
3 Sl SAMZODHANA Journal of Management Research Table 1 showing summary list of Commercial Banks in Ethiopia Name of the Commercial Bank Year of Establishm ent Branch Network* Proportion in Branch Network Paid-in Capital (in Mn. USD)* Proportion in Capital 1 Commercial Bank of Ethiopia % % 2 Construction & Business Bank % % PUBLIC SECTOR BANKS 1, % % 1 Awash International Bank % % 2 Dashen Bank % % 3 Bank of Abyssinia % % 4 Wegagen Bank % % 5 United Bank % % 6 Nib International Bank % % 7 Cooperative Bank of Oromia % % 8 Lion International Bank % % 9 Oromia International Bank % % 10 Zemen Bank % % 11 Bunna International Bank % % 12 Berhan International Bank % % 13 Abay Bank % % 14 Addis International Bank % % 15 Debub Global Bank % % 16 Enat Bank % % PRIVATE SECTOR BANKS 1, % % All Commercial Banks 2, % 1, % * as of 31 March 2015, as per National Bank of Ethiopia Report Note: 1 USD = 20.5 ETB (average exchange rate as of March 2015) Table 1 in the previous page summarizes the banking industry in Ethiopia. As shown in the table, public sector commercial banks in Ethiopia hold 41.36% of the branch network in the country, and 40.54% of the paid-in capital of the banking industry as of March The comparative proportion for private commercial banks in Ethiopia has been 58.64% and 59.46% respectively. Among the public sector banks, Commercial Bank of Ethiopia holds 88.86% of the branch network and 93.61% of the paid-in capital. Among private sector commercial banks, the foremost private bank viz. Awash International Bank holds 13.43% of branch network, and 13.37% of the paid-in capital which are marginally ahead of its senior rivals, i.e. Dashen Bank and Wegagen Bank. 27
4 Table 2 showing summary position of Commercial Banks in Ethiopia (as of 31 March 2015) Sector Sector Total Industry Description Industry Industry Industry Actual Actual Actual Proportion Proportion Proportion Number of Banks % % % Number of Branches 1, % 1, % 2, % Paid-in Capital* % % 1, % Stock of Deposits mobilized* 11, % 5, % 16, % Advances Disbursed* % % 1, % Advances Collected* % % % Advances Outstanding* 7, % 3, % 10, % Source: Researcher's computation based on National Bank of Ethiopia report Note: * in Million USD (1 USD = 20.5 Ethiopian Birr as of March 2015) Table 2 above presents the summary position of Ethiopian commercial banks as of March From the table, one can understand that the two public sector commercial banks in the country held 67.50% of deposits mobilized, 72.83% of advances disbursed, and 69.45% of advances outstanding. As against this, the 16 private sector commercial banks held 58.64% of the branch network in the country, 59.46% of the capital investment in banking industry, and 55.05% of advances collected. From this, it is obvious that public sector banks out-perform private sector banks in deposits mobilization as well as loan disbursements, while the private sector banks showed their shrewdness in loan collections thus outperforming their government counterparts. 1.1 Purpose of the study The growth of banking industry depends on the growth of the advances (as they are the major sources of revenue for the banks), which in turn depends on the growth of the deposits. In a country, where there is a competition between public sector and private sector commercial banks in capturing their share in advances, it is sensible to compare their lending performances in terms of growth rate in advances. Again, lending does involve risks, and one mechanism to handle the risk is to diversify the advances to various industries. It is good to explore the extent to which banks are diversified in granting their advances to different industries and how comparable they are between public and private sector. There are occasions where the lending scenario may be dominated by one or two banks be in public or in private sector in the country, and it is good to look into that also. With this background in mind, the purposes of the study are set thus: (i) to evaluate the growth trends in commercial bank advances in the recent period; (ii) to compare the lending performance of 28
5 public and private sector commercial banks in Ethiopia to various industries; and (iii) to establish the dominance of Ethiopian Lending scenario by a leading public sector bank. 2.0 Methodology This descriptive study tries to explain the latest trends in commercial bank lending in Ethiopia. For this purpose, it predominantly uses the secondary data from the most authentic source, viz., National Bank of Ethiopia, the central bank of the country. Annual Reports and Quarterly Bulletins for the periods from to were referred and computations of growth trends and performance were made based on the data. For the purpose of analyzing the growth trends in advances (gross / provision / net), data pertaining to fiscal years and have been taken into account. For this analysis, data pertaining to two public sector banks and six major private sector banks that have been functional since 2000 have been considered. Data pertaining to other ten private banks were not considered since they were established from 2004 onwards till 2012, and their role in lending was quite trivial (as the eight banks considered for this study handled more than 85% of lending in the country at least till 2010). Industry-wise lending data from to (10 years) have been considered for sectoral analysis. For this purpose, industry-wise lending data (for agriculture, building & construction, manufacturing, import, export, domestic trade & services, staff loans, and others) are considered for all the commercial banks in the country as when they started offering loans and advances. For the purpose of analysis and presentation of data, statistical tools such as mean, standard deviation, growth trends, comparative proportions, and percentage analysis, and correlation measures have been used in this study. These analyses have been done using Microsoft Excel and SPSS version 20. The results of the analyses are presented in the forms of tables, charts, and graphs under the following section, viz., results and discussion. 3.0 Results and Discussion The discussions under this section are presented under the following sub-heads: (i) comparative growth trends in advances; (ii) comparative summary statistics for gross advances, provision for advances and net advances; (iii) comparative lending performance of public and private sector commercial banks; (iv) comparative industry-wise (sectoral) lending performance of public and private sector commercial banks; and (v) dominance of the lending scenario by a major public sector bank. 29
6 3.1 Comparative Growth Trends in Advances Comparative growth trends between public sector commercial banks (2 in number) and private sector commercial banks (6 in number) are presented and discussed in this subsection. Accordingly, a summary table showing comparative growth trends among public sector, private sector and all commercial banks for gross advances, provision for advances, and net advances is prepared and presented here. For this purpose, only those commercial banks which have been functional prior to 2000 are considered, for having considerable amount of data for analysis. Table 3 showing Comparative Growth Trends in (i) Total Advances, (ii) Provision for Advances, and (iii) Net Advances for Sector, Sector and All Commercial Banks in Ethiopia* YEAR GROSS ADVANCES PROVISION FOR ADV. NET ADVANCES All CBs All CBs All CBs 1998_99 4% 72% 38% 19% 79% 49% 2% 69% 36% 1999_00 3% 74% 39% 3% 110% 57% 3% 73% 38% 2000_01 1% 72% 36% 18% 61% 39% -2% 71% 35% 2001_02-10% 21% 6% 20% 58% 39% -14% 20% 3% 2002_03-7% 47% 20% 8% 162% 85% -10% 45% 17% 2003_04 1% 29% 15% 1% 52% 26% 3% 28% 15% 2004_05 16% 39% 27% 7% 23% 15% 18% 40% 29% 2005_06 17% 51% 34% 1% 22% 11% 21% 52% 36% 2006_07 9% 29% 19% 13% 32% 22% 9% 29% 19% 2007_08 41% 16% 29% -13% 41% 14% 50% 15% 33% 2008_09 17% 1% 9% -19% 13% -3% 20% 1% 10% 2009_10 13% 16% 15% -13% 2% -6% 14% 18% 16% 2010_11 24% 18% 21% 47% 0% 24% 24% 19% 21% 2011_12 39% 28% 33% 26% -1% 13% 39% 29% 34% 2012_13 12% 23% 18% -7% 9% 1% 15% 24% 19% AVERAGE 12% 35% 24% 8% 41% 25% 13% 35% 24% * Only those commercial banks which were functional prior to 2000 are included in this analysis. Source: Researcher's computation based on National Bank of Ethiopia Reports Table 3 above presents the summary of growth trends in gross advances, provision for advances and net advances for public sector, private sector and all commercial banks in Ethiopia. As to Gross Advances, the growth rate for public sector commercial banks range from -10% to 41%, with an average of 12% in the reported 15 years period; that of private sector commercial banks range from 1% to 74%, with an average of 35% in the reported period. Except for the years , , and , private banks outperformed public banks in growth trends of gross advances, with outstanding growth rates recorded in to , and in By average too, private banks registered almost triple the average growth rate for public banks in the said 15 years period. With regard to the 30
7 provision for advances, public banks growth rate ranged from -19% to 47%, that of private banks ranged from -1% to 162%, the latter showing wider disparities in growth rates. The 15-year average for public banks was at 8% whereas for private banks at 41%. In net advances, public banks showed a range in growth rate of -14% to 50%, whereas private banks showed 1% to 73% variation. The average growth rate for public sector banks was at 13%, whereas that of private banks was 35%, thus the latter maintained their robust growth rate over their counterparts like that of gross advances. Figure 1 (in the next page) presents the growth trends in total loans and advances from to and average for these years of all the eight banks considered for this study. A careful look at the pattern of the graph reveals widely oscillating trends in growth rates for public sector banks (CBE and CBB), whereas for private banks it is mostly positive and lessoscillating (AIB, DB, BoA, WB, UB, and NIB), and that of all commercial banks (All CBs) showed a reasonably balanced growth trends in all the years. Figure 1 showing Growth Trends in Total Loans & Advances ( to ) 120% 100% 80% 60% 40% 20% 0% -20% CBE CBB AIB DB BoA WB UB NIB ALL CBs Source: Researchers computations based on National Bank of Ethiopia reports 31
8 Figure 2 showing comparative growth trends in total advances by public, private and all commercial banks in Ethiopia 80% 70% 60% 50% 40% 30% 20% 10% 0% -10% -20% PUB_TLA PVT_TLA TOT_TLA Linear (PUB_TLA) Linear (PVT_TLA) Linear (TOT_TLA) Source: Researchers computations based on National Bank of Ethiopia reports Fig.2 in the previous page presented the comparative growth trends in total advances by public sector, private sector and all commercial banks (those which have been functional prior to 2000) in Ethiopia. The linear trend lines shown in the picture clearly indicated a gradually growing trend line for public sector banks; gradually declining trend for private banks; and a moderately declining trend for all commercial banks in Ethiopia. 32
9 3.2 Comparative Summary Statistics Table 4 showing Comparative Summary Statistics for Gross Advances, Provisions and Net Advances (in Millions of Ethiopian Birr) GROSS ADVANCES PROVISION FOR ADVANCES NET ADVANCES Mean values Standard Deviation Mean values Standard Deviation Mean values Standard Deviation YEAR 1997_98 9, , _99 9, , , _00 5, , , , _01 5, , , , , , _02 5, , , , , , _03 4, , , , , , _04 4, , , , , , _05 5, , , , , , , , _06 5, , , , , , , _07 5, , , , , , _08 9, , , , , , _09 11, , , , , , _10 12, , , , , , _11 18, , , , , , , , _12 32, , , , , , , , _13 36, , , , , , , , ,862.1 Source: Researcher's computations based on National Bank of Ethiopia Reports Table 4 above summarizes the mean and standard deviation values for Gross Advances, Provision for Advances, and Net Advances, of and Sector Commercial Banks in Ethiopia from to From the results presented in the table, it is clear that for private banks the mean and standard deviation values are showing a steady rise all through the 15 years period, whereas they are somewhat imbalanced for public banks. This is confirmed in the chart shown below. Figure 3 showing mean values of Gross Advances of and Sector Commercial Banks in Ethiopia from to , , , , , , , , , , , , , , , , , , , , , , , ,
10 Figure 3 in the previous page shows the mean values of gross advances of public and private commercial banks in Ethiopia from to From the graph it can be understood that the mean values of gross advances show gradually increasing trend over the years for the private sector commercial banks, though the rate of growth is not very impressive as such. For the public sector banks, the mean values show a dip in the middle period, i.e. from to , and thereafter a steep increase in the trend is observed. Especially between and , the growth rate achieved by the public sector commercial banks as to gross advances is quite phenomenal, as can be observed from the graph presented in figure Comparative Lending Performance Interesting trends are revealed by the lending performance of commercial banks in Ethiopia between and Proportional share of public and private sector commercial banks in gross advances, in provision for advances, and in net advances are presented in the graphs below. Figure 4 showing the proportion of public and private sector commercial banks in gross advances (from to ) 2012_13 68% 2011_12 69% 2010_11 63% 2009_10 58% 2008_09 58% 2007_08 54% 2006_07 44% 2005_06 49% 2004_05 58% 2003_04 62% 2002_03 68% 2001_02 77% 2000_01 81% 1999_00 85% 1998_99 89% 1997_98 92% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% TLA_PVT_PROP TLA_PSB_PROP 34
11 Figure 4 above reveals contrasting trends for public and private sector commercial banks for gross advances. For public banks, the proportion of gross advances in total was at the peak in the earliest reporting period, i.e It showed a continuous declining trend till it reaches the lowest point (44%) in , thereafter started showing gradual rise in the proportion. banks showed a gradual increase in gross advances continuously till ; thereafter it started marginally declining continuously. Figure 5 showing proportion of public and private banks share in provision for advances (from to ) 2012_13 72% 2011_12 69% 2010_11 60% 2009_10 45% 2008_09 50% 2007_08 62% 2006_07 75% 2005_06 82% 2004_05 86% 2003_04 88% 2002_03 92% 2001_02 96% 2000_01 96% 1999_00 97% 1998_99 98% 1997_98 99% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% PRV_PVT_PROP PRV_PSB_PROP 35
12 Figure 6 showing proportion of public and private banks share in net advances (from to ) 2012_13 68% 2011_12 69% 2010_11 63% 2009_10 58% 2008_09 58% 2007_08 53% 2006_07 41% 2005_06 45% 2004_05 54% 2003_04 57% 2002_03 62% 2001_02 73% 2000_01 79% 1999_00 84% 1998_99 88% 1997_98 91% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% NLA_PVT_PROP NLA_PSB_PROP Figure 5 and 6 in previous page presented the proportion of public and private sector commercial banks in provision for advances and in net advances respectively. Provision for advances of public banks showed a continuous gradual decline till , from then onwards it started rising gradually. Contrarily, private banks showed continuous gradual increments till , thereafter there was a marginal decline gradually. Similar trend is observed in the behavior of net advances for both sets of banks, with the break-point occurring in Table 5 given below presents the summary of average position in all the three. Table 5 showing average proportion of gross, provision and net advances Average Proportion Gross Advances Provision for Advances Net Advances Sector Commercial Banks 67% 79% 65% Sector Commercial Banks 33% 21% 35% 36
13 Accordingly, the average proportion in gross and net advances is maintained at 2:1 proportion between public and private banks, whereas for provision for advances, the proportion changed to 4:1. Table 6 showing correlation between and Sector Commercial Banks in Ethiopia Description Correlation Coefficient Remarks Indications Gross Advances Highly Positive correlation Strong Positive Association Provision for Moderately Negative Advances correlation Considerable Negative Association Net Advances Highly Positive correlation Strong Positive Association Table 6 above shows the correlation coefficient between public and private sector banks. In respect of gross advances and net advances, both sector banks show highly positive correlation thus indicating strong positive association between the two. Provision for advances shows moderately negative correlation, indicating considerable negative association between the two. 3.4 Comparative Sectoral Performance Figure 7 showing average proportion in Gross lending by individual commercial banks in Ethiopia (from to ) 60.00% 50.00% 52.04% 40.00% 30.00% 20.00% 10.00% 0.00% 3.28% 7.37% 10.97% 6.46% 5.49% 4.79% 5.35% 1.44% 0.95% 1.05% 0.93% 0.62% 0.66% 0.74% 0.26% 0.14% 0.18% CBE CBB AIB DB BOA WB UB NIB CBO LIB OIB ZB BIB BUIB AB AdIB DGB EB Source: Researchers computations based on National Bank of Ethiopia reports Figure 7 in the previous page showed average proportion in gross lending by individual commercial banks in Ethiopia. It presented the average picture for all the 18 (2 public and 16 private) banks in the country for 10 years from to Accordingly, public sector banks grabbed 55.32% (CBE 52.04% + CBB 3.28%) of the average lending in the country in the recent decade, while all the private banks contributed 44.68% of the average 37
14 gross lending (with DB contributing as high as 10.97% which is nearly a fourth of the private banks share, followed by AIB 7.37% and BoA 6.46%, and DGB the least with 0.14%). Figure 8 showing Industry-wise proportion of Gross Advances by and Sector Commercial Banks in Ethiopia from to % % % % % % % % % 50.00% 0.00% 2004_ _ _ _ _ _ _ _ _ _14 AGRI BCON MFG. IMP. EXP. DTS STAFF OTHERS Source: Researchers computations based on National Bank of Ethiopia reports Figure 8 above shows the industry-wise proportion in gross advances by public sector and private sector commercial banks from to A careful observation of the graph reveals many interesting things. banks heavily outperform private banks in lending to agricultural industry all the years; whereas private banks outperform public banks in lending to domestic trade and services industry in most of the years. To building and construction industry, both sector banks have been lending more or less the same proportions in earlier years, whereas the proportion for public banks kept declining of late. It is clearly evident that the thrust of public sector banks shifted favorably towards manufacturing industry as the gross lending to manufacturing kept increasing in the recent years, while it keeps declining for private banks thus indicating a paradigm shift in lending dimensions in the country. Import and export industry continue to be the favorite of the commercial banks in the country be it in public sector or in private sector, as it is widely believed that this industry brings foreign exchange earnings to the economy. Gross lending for staff loans is assuming greater 38
15 proportions for public sector banks, whereas other lending is comparatively greater for private sector banks in the country. 3.5 Dominance in the Ethiopian lending scenario Banks entered into the banking industry only in 1994, and one by one they got established till Because of this slow, though steady influx of private entrepreneurs in banking in the country, the dominance of public sector banks in the lending scenario is evident. Figure 9 showing comparative lending performance of public and private sector commercial banks in Ethiopia ( to ) % 90.00% 80.00% 70.00% 40.00% 51.72% 56.72% 51.09% 45.67% 47.71% 42.25% 36.65% 38.18% 36.73% 44.67% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 60.00% 48.28% 43.28% 48.91% 54.33% 52.29% 57.75% 63.35% 61.82% 63.27% 55.33% Source: Researchers computations based on National Bank of Ethiopia reports Figure 9 above shows the proportion of public and private sector banks in gross lending in the country from to While the private banks showed dominance in early three years ( to ), the public banks had upper hand in rest of the years, and in the average performance for the decade. 39
16 Figure 10 showing proportion in gross lending by the leading public sector bank, i.e., Commercial Bank of Ethiopia (from to ) 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 55.22% 42.84% 38.10% 44.72% 50.22% 50.99% 54.98% 61.45% 60.29% 61.61% 52.04% CBE Linear (CBE) Source: Researchers computations based on National Bank of Ethiopia reports Figure 10 in the previous page clearly established the absolute dominance of the gross lending in the country by a single major public sector bank, i.e. Commercial Bank of Ethiopia. As shown in the chart, the lowest proportion for CBE has been in (38.10%), and the highest is in the latest year (61.61%), with the 10-year average for this single bank as 52.04%, thus underling the dominance of CBE over the lending scenario of Ethiopia. The linear trend also indicates the marginally rising slope for the trend line, thus indicating the continued reigning by the state-owned senior on the lending scenario. 4.0 Major Findings of the study In respect of total amount of loans and advances, public sector commercial banks in Ethiopia showed a growth rate ranging from -10% to 41% with an average of 12% between and For the same period, private banks showed a growth rate in the range of 1% to 74% and an average of 35%. Thus, private banks performed better than public banks in total advances in the said period. Similar trends were observed in provision for advances, as well as net advances. Analyzing the growth trends for individual banks, it is found that public sector banks showed more oscillating trends in growth rates for gross advances, while private banks rate was more positive and less-oscillating. 40
17 The linear trend lines indicated a gradually growing trend line for public sector banks; gradually declining trend for private banks; and a moderately declining trend for all commercial banks in Ethiopia. For private banks the mean and standard deviation values are showing a steady rise all through the 15 years period, whereas they are somewhat imbalanced for public banks. The mean values of gross advances show gradually increasing trend over the years for the private sector commercial banks, though the rate of growth is not very impressive as such. For the public sector banks, the mean values show a dip in the middle period, i.e. from to , and thereafter a steep increase in trend is observed. For public banks, the proportion of gross advances in total was at the peak in the earliest reporting period, i.e It showed a continuous declining trend till it reaches the lowest point (44%) in , thereafter started showing gradual rise in the proportion. Banks showed a gradual increase in gross advances continuously till , thereafter started declining marginally. The average proportion in gross advances by public banks was 67%; in provision for advances 79%, and in net advances 65%. Thus, except for provision for advances, private banks garnered one-third share in gross advances as well as net advances on an average form to While there were highly positive correlation between public and private banks as to gross advances and net advances, the provision for advances showed a moderately negative correlation between the two sector banks. In average gross lending in the country, public sector banks grabbed 55.32% and private counterparts contributed to 44.68%. Among public banks, CBE is the major lender with 52.04%, and among private banks DB is with 10.97%. Industry-wise lending by Ethiopian commercial banks showed mixed trends. banks outperformed in lending to agriculture, manufacturing industries and staff loans, while private banks shone in lending to domestic trade and services, and others. Both the sectors continued to prefer lending to import and export activities throughout the 10 years till While the private banks showed dominance in gross lending in early three years ( to ), the public banks had upper hand in rest of the years, and in the average performance for the decade. 41
18 Major public sector bank, i.e. Commercial Bank of Ethiopia, dominated the lending scenario of the country by having 52.04% of the average lending in Ethiopia for the 10 years from to Practical Implications of the study The study is significant for it analyses the latest trends in lending performance of Ethiopian commercial banks in general, and comparative analysis between public sector and private sector commercial banks in Ethiopia. The study presents a progress report of the lending performance of Ethiopian banking industry as of March The findings of the study will be useful for the Ethiopian banks as well as to the economy watchers, since bank lending leads to economic growth. Academia will also find it interesting and useful in order to further the study in future. At last, this paper adds to knowledge base on banking industry in Ethiopia, which has limited studies on the lending side so far. 5.1 Research Limitations and Scope for further research The study considered only the secondary data from to , based on its availability from the official sources. Since the second and third generation of private commercial banks in Ethiopia started operating from 2004 and 2010 respectively, the data availability is too limited for a meaningful comparison and analysis. This study suffers from this limitation, as it is carried out based on data till Future studies may overcome this limitation, by taking up data from a matured banking industry. REFERENCES 1. Dashen Bank, Financial Reports from to , available at accessed in July National Bank of Ethiopia, Annual Reports for different years from to , available at accessed in July National Bank of Ethiopia, Quarterly Bulletin, Vol.31, Quarter 3, March 2015, available at accessed in Aug
NetsanetYirga 1. Abstract
Abstract NetsanetYirga 1 This study is aimed at evaluating the performance and structure of Ethiopian banking sector. The deposit, capital and loan performance of all commercial banks in Ethiopia from
More informationCHAPTER - V INFORMATION TECHNOLOGY IN BANKING: NATURE AND TRENDS
84 CHAPTER - V INFORMATION TECHNOLOGY IN BANKING: NATURE AND TRENDS In the recent years, the utilization of information technology has magnificently increased in service industry, particularly in the banking
More informationSeasonal Factors Affecting Bank Reserves
Seasonal Factors Affecting Bank Reserves THE ABILITY and to some extent the willingness of member banks to extend credit are based on their reserve positions. The reserve position of banks as a group in
More informationDEVELOPMENTS IN THE EXTERNAL SECTOR. 6.1 Overall Balance of Payments
DEVELOPMENTS IN THE EXTERNAL SECTOR 6.1 Overall Balance of Payments Fiscal year 2004/05 witnessed a turn-around in the overall balance of payments position of the country. It registered a deficit of USD
More informationBANKING SECTOR CONTRIBUTION TO ECONOMIC GROWTH IN ETHIOPIA: EMPIRICAL STUDY
BANKING SECTOR CONTRIBUTION TO ECONOMIC GROWTH IN ETHIOPIA: EMPIRICAL STUDY A.S.Kannan Dr. S. Sudalaimuthu Associate Professor of Management Studies, Associate Professor of Banking Technology, Sri Manakula
More informationFactors Affecting Liquidity of Selected Commercial Banks in. Ethiopia. Belete Fola. A Thesis Submitted to. The Department of Accounting and Finance
Factors Affecting Liquidity of Selected Commercial Banks in Ethiopia Belete Fola A Thesis Submitted to The Department of Accounting and Finance Presented in Partial Fulfillment of the Requirement for the
More informationTable of Contents Chapter 1 Overview of the economy, public debt and finance... 1
Table of Contents Chapter 1 Overview of the economy, public debt and finance... 1 1-1. GTP... 1 1-2. Macro economy... 2 1-3. Industries... 3 1-4. Trade balance... 3 1-5. Exchange rates... 4 1-6. Fiscal
More informationRisk Assessment and Handling in Ethiopian Commercial Banks: A Comparative Study of Public and Private Sectors
Risk Assessment and Handling in Ethiopian Commercial Banks: A Comparative Study of Public and Private Sectors 1. Introduction ISSN 2278 0211 (Online) Abdella Kossa Lecturer, Department of Management, College
More informationTHE DETERMINANTS OF BANK DEPOSIT VARIABILITY: A DEVELOPING COUNTRY CASE
Economics and Sociology Occasional Paper No. 1692 THE DETERMINANTS OF BANK DEPOSIT VARIABILITY: A DEVELOPING COUNTRY CASE by Richard L. Meyer Shirin N azma and Carlos E. Cuevas February, 1990 Agricultural
More informationA Comparative Study of Liquidity Management of an Islamic Bank and a Conventional Bank: The Evidence from Bangladesh
A Comparative Study of Liquidity Management of an Islamic Bank and a Conventional Bank: The Evidence from Bangladesh M. Muzahidul Islam 1 Hasibul Alam Chowdhury 2 Abstract Liquidity management is undoubtedly
More informationIJEMR - May Vol.2 Issue 5 - Online - ISSN Print - ISSN
Role of Public Sector Banks in Microfinance - A Study of Public Sector Banks in the Southern Region of India * Dr. Sujatha Susanna Kumari. D Asst. Professor, Dept. of Commerce, School of Business Studies,
More informationThe Impact of Corporate Leverage on Profitability: Evidence from IT Industry in India
Volume 8, Issue 4, October 015 The Impact of Corporate Leverage on Profitability: Evidence from IT Industry in India D. Silambarasan Ph. D Research Scholar Department of Commerce Kanchi Mamunivar Centre
More informationIncome Inequality, Mobility and Turnover at the Top in the U.S., Gerald Auten Geoffrey Gee And Nicholas Turner
Income Inequality, Mobility and Turnover at the Top in the U.S., 1987 2010 Gerald Auten Geoffrey Gee And Nicholas Turner Cross-sectional Census data, survey data or income tax returns (Saez 2003) generally
More informationThe Regional Economies of Illinois
28 The Regional Economies of Illinois The Regional Economies of Illinois By Geoffrey J.D. Hewings and Rafael Angel Vera istockphoto.com/stevebyland Introduction In much the same way that analysts tend
More informationInterest Rates during Economic Expansion
Interest Rates during Economic Expansion INTEREST RATES, after declining during the mild recession in economic activity from mid-1953 to the summer of 1954, began to firm in the fall of 1954, and have
More informationPopulation and employment in Europe
Bulletin of the Transilvania University of Braşov Series V: Economic Sciences Vol. 9 (58) No. 2-2016 Population and employment in Europe Sanda CONSTANTIN 1 Abstract: The paper presents an analysis of the
More informationAN ANALYSIS OF IMPACT ON BANKING SECTOR REFORMS IN THE PERFORMANCE OF DEPOSITS AND LOANS AND ADVANCES OF PANDYAN GRAMA BANK IN NADU
AN ANALYSIS OF IMPACT ON BANKING SECTOR REFORMS IN THE PERFORMANCE OF DEPOSITS AND LOANS AND ADVANCES OF PANDYAN GRAMA BANK IN TAMIL NADU V. Alwarnayaki Assistant Professor of Commerce, SRNM College, Sattur
More informationJournal of Insurance and Financial Management, Vol. 1, Issue 4 (2016)
Journal of Insurance and Financial Management, Vol. 1, Issue 4 (2016) 68-131 An Investigation of the Structural Characteristics of the Indian IT Sector and the Capital Goods Sector An Application of the
More informationEthiopian Banking Sector Development
Ethiopian Banking Sector Development Hussein Jarso Belda Research Scholar Andhra University, India Abstract Financial development is comprehensive term that represent the structure, size, accessibility
More informationSHORT RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS IN INDIA
CHAPTER 5 SHORT RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS IN INDIA It is a pervasive feature of markets, the world over, those investors who subscribed to initial public offerings, on the offer day,
More informationFUNCTIONAL PROGRESS OF REGIONAL RURAL BANKS IN PRIORITY SECTOR LENDING: A CASE STUDY OF PUNJAB STATE
I.J.E.M.S., VOL.6 (4) 2015: 197-210 ISSN 2229-600X FUNCTIONAL PROGRESS OF REGIONAL RURAL BANKS IN PRIORITY SECTOR LENDING: A CASE STUDY OF PUNJAB STATE Kaushal Meetu Vivek High School Chandigarh, Union
More informationSME Financing in Bangladesh: A Comparative Analysis of Conventional and Islamic Banks
Journal of Islamic Banking and Finance March 2014, Vol. 2, No. 1, pp. 79-92 ISSN: 2374-2666 (Print) 2374-2658 (Online) Copyright The Author(s). 2014. All Rights Reserved. Published by American Research
More informationIJEMR February Vol 5 Issue 2 - Online - ISSN Print - ISSN
Financial Performance of Select Cement Industrial Units in Tamil Nadu *Dr. R. Angamuthu *Assistant Professor, Commerce Wing, DDE, Annamalai University, Annamalai Nagar 608 002 Abstract In this paper examine
More informationFACTORS AFFECTING BANK CREDIT IN INDIA
Chapter-6 FACTORS AFFECTING BANK CREDIT IN INDIA Banks deploy credit as per their credit or loan policy. Credit policy of a bank, basically, provides a direction to the use of funds, controls the size
More informationFinancial Sector Reform and Economic Growth in Zambia- An Overview
Financial Sector Reform and Economic Growth in Zambia- An Overview KAUSHAL KISHOR PATEL M.Phil. Scholar, Department of African studies, Faculty of Social Sciences, University of Delhi Delhi (India) Abstract:
More informationExchange Rate Regimes and Trade Deficit A case of Pakistan
Advances in Management & Applied Economics, vol. 6, no. 5, 2016, 67-78 ISSN: 1792-7544 (print version), 1792-7552(online) Scienpress Ltd, 2016 Exchange Rate Regimes and Trade Deficit A case of Pakistan
More informationICI RESEARCH PERSPECTIVE
ICI RESEARCH PERSPECTIVE 1401 H STREET, NW, SUITE 1200 WASHINGTON, DC 20005 202-326-5800 WWW.ICI.ORG APRIL 2018 VOL. 24, NO. 3 WHAT S INSIDE 2 Mutual Fund Expense Ratios Have Declined Substantially over
More informationABI-CERVED OUTLOOK ON BAD LOANS TO BUSINESSES
1/2 3,6k 1.000 1k 1,5k ABI-CERVED OUTLOOK ON BAD LOANS TO BUSINESSES Estimates and forecasts of the rates of new bad loans owed by non-financial companies, with breakdowns DECEMBER 2015 #2 (2 a+2b) 12,5%
More informationVI. DEVELOPMENTS IN THE EXTERNAL SECTOR
VI. DEVELOPMENTS IN THE EXTERNAL SECTOR 6.1 Overall Balance of Payments After narrowing in 2004/05, the deficit in the overall balance of payments widened to USD 326 million in 2005/06 from USD 101.4 million
More informationAn Analysis of NPAs in Priority and Non-Priority Sectors with respect to Public Sector Banks in India
An Analysis of NPAs in Priority and Non-Priority Sectors with respect to Public Sector Banks in India Akshay Kumar Mishra 1 1 (Assistant Professor, L N Mishra College of Business Management, Muzaffarpur,
More informationSMEs contribution to the Maltese economy and future prospects
SMEs contribution to the Maltese economy and future prospects Aaron G. Grech 1 Policy Note October 2018 1 Dr Aaron G Grech is the Chief Officer of the Economics Division of the Central Bank of Malta. He
More informationInternational Journal of Business and Administration Research Review, Vol. 3, Issue.12, Oct - Dec, Page 59
PERFORMANCE EVALUATION, COMPARATIVE ANALYSIS AND FACTORS INFLUENCING THE EFFICIENCY OF DISTRICT CENTRAL CO-OPERATIVE BANKS A STUDY WITH REFERENCE TO SOUTHERN STATES OF INDIA Mr.F.Franco authers * Dr.R.Karpagavalli**
More informationCharacteristics of the euro area business cycle in the 1990s
Characteristics of the euro area business cycle in the 1990s As part of its monetary policy strategy, the ECB regularly monitors the development of a wide range of indicators and assesses their implications
More informationMyopic investment view of the Indian mutual fund industry
MPRA Munich Personal RePEc Archive Myopic investment view of the Indian mutual fund industry Rajesh Manjrekar and Pankaj Sinha Faculty of Management Studies, University of Delhi 2. May 2010 Online at http://mpra.ub.uni-muenchen.de/22458/
More informationAnnual Report 2012/13
Annual Report 2012/13 i Working towards a World-Class Commercial Bank ii Contents Key figures (in Millions of Birr)... 6 Message of the President... 8 1. Macroeconomic Highlights... 10 1.1. Global Economy...10
More informationAppendix C: Econometric Analyses of IFC and World Bank SME Lending Projects: Drivers of Successful Development Outcomes
Appendix C: Econometric Analyses of IFC and World Bank SME Lending Projects: Drivers of Successful Development Outcomes IFC Investments RESEARCH QUESTIONS Do project characteristics matter in the development
More informationThe Golub Capital Altman Index
The Golub Capital Altman Index Edward I. Altman Max L. Heine Professor of Finance at the NYU Stern School of Business and a consultant for Golub Capital on this project Robert Benhenni Executive Officer
More informationSUMMARY OF FINDINGS, CONCLUSION AND SUGGESTIONS
CHAPTER-7 SUMMARY OF FINDINGS, CONCLUSION AND SUGGESTIONS This chapter is divided into three sections. The first section enumerates the objectives and methodology of the study, the second section puts
More informationResearch notes Basic Information on Recent Elderly Employment Trends in Japan
Research notes Basic Information on Recent Elderly Employment Trends in Japan Yutaka Asao The aim of this paper is to provide basic information on the employment of older people in Japan over the last
More informationFinancial Performance Analysis of Selected Commercial Banks in Ethiopia
Financial Performance Analysis of Selected Commercial Banks in Ethiopia Ashenafi Haile 1 *, Tadesse Getacher 1 and Hailemichael Tesfay 1 Abstract Accounting data are useful in assessing the economic prospects
More information3, 1, 2017 A STUDY ON FINANCIAL PERFORMANCE OF TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED
A STUDY ON FINANCIAL PERFORMANCE OF TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LIMITED Dr. M. Thamaraikannan* & V. Yuvarani** * Associate Professor and Head, PG and Research Department of Commerce, Sri
More informationPROFITABILITY AND PRODUCTIVITY OF BANK OF INDIA
S. Sailesh* International Journal of Advanced Research in ISSN: 2278-6236 K. Ramakrishnaiah** PROFITABILITY AND PRODUCTIVITY OF BANK OF INDIA Abstract: The present paper aims to study the profitability
More informationANALYZING FINANCIAL PERFORMANCE ( ) OF PUBLIC SECTOR BANKS (PNB) AND PRIVATE SECTOR BANKS (ICICI) IN INDIA
DOI: 10.21917/ijms.2018.0107 ANALYZING FINANCIAL PERFORMANCE (2011-2018) OF PUBLIC SECTOR BANKS (PNB) AND PRIVATE SECTOR BANKS (ICICI) IN INDIA Priyanka Jha Department of Management and Business Administration,
More informationCTAs: Which Trend is Your Friend?
Research Review CAIAMember MemberContribution Contribution CAIA What a CAIA Member Should Know CTAs: Which Trend is Your Friend? Fabian Dori Urs Schubiger Manuel Krieger Daniel Torgler, CAIA Head of Portfolio
More informationChapter-3. Sectoral Composition of Economic Growth and its Major Trends in India
Chapter-3 Sectoral Composition of Economic Growth and its Major Trends in India This chapter deals with the first objective of the study, that is to evaluate the sectoral composition of economic growth
More informationMovements in Time and. Savings Deposits
Movements in Time and Savings Deposits 1951-1962 Introduction T i m e A N D S A V IN G S D E P O S IT S of commercial banks have increased at very rapid rates since mid- 1960. From June 1960 to December
More informationThe Impact of Corporate Leverage on Profitability: A Study of Select Manufacture Industry in India
The Impact of Corporate Leverage on Profitability: A Study of Select Manufacture Industry in India D. SILAMBARASAN, M. PRABHAVATHI Department of Commerce, Kanchi Mamunivar Centre for Postgraduate Studies,
More informationOVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA, 2011
September 212 151 Slater Street, Suite 71 Ottawa, Ontario K1P 5H3 613-233-8891, Fax 613-233-825 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS OVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA,
More informationCEM Benchmarking DEFINED BENEFIT THE WEEN. did not have.
Alexander D. Beath, PhD CEM Benchmarking Inc. 372 Bay Street, Suite 1000 Toronto, ON, M5H 2W9 www.cembenchmarking.com June 2014 ASSET ALLOCATION AND FUND PERFORMANCE OF DEFINED BENEFIT PENSIONN FUNDS IN
More informationInternational Journal of Advance Research in Computer Science and Management Studies
Volume 2, Issue 11, November 2014 ISSN: 2321 7782 (Online) International Journal of Advance Research in Computer Science and Management Studies Research Article / Survey Paper / Case Study Available online
More informationECONOMIC FACTORS ASSOCIATED WITH DELINQUENCY RATES ON CONSUMER INSTALMENT DEBT A. Charlene Sullivan *
ECONOMIC FACTORS ASSOCIATED WITH DELINQUENCY RATES ON CONSUMER INSTALMENT DEBT A. Charlene Sullivan * Trends in loan delinquencies and losses over time and among credit types contain important information
More informationSurvey of Private Pension Plans in The Bahamas (2004)
Survey of Private Pension Plans in The Bahamas (2004) *Published in the Quarterly Economic Review, June 2006, (Vol. 15, No. 2) Pages 33-44. Survey of Private Pension Plans in The Bahamas (2004) Introduction
More informationFRBSF Economic Letter
FRBSF Economic Letter 19- January 1, 19 Research from the Federal Reserve Bank of San Francisco Does Ultra-Low Unemployment Spur Rapid Wage Growth? Sylvain Leduc, Chitra Marti, and Daniel J. Wilson The
More informationFOREIGN DIRECT INVESTMENT (FDI) AND ITS IMPACT ON INDIA S ECONOMIC DEVELOPMENT A. Muthusamy*
International Journal of Marketing & Financial Management, Volume 5, Issue 1, Jan-2017, pp 44-51 ISSN: 2348 3954 (Online) ISSN: 2349 2546 (Print), Impact Factor: 3.43 DOI: https://doi.org/10.5281/zenodo.247030
More informationDr. P.Velusamy Assistant Professor, Department of co operation, Sri Ramakrishna mission Vidyalaya College of arts and science, Coimbatore.
ATTAINING THE MARKET THROUGH INNOVATIVE STRATEGIES A CASE STUDY ON KARIAMPALAYAM PRIMARY AGRICULTURAL COOPERATIVE SOCIETY-COIMBATORE DISTRICT-TAMILNADU Dr. P.Velusamy Assistant Professor, Department of
More informationEFFICIENCY EVALUATION OF BANKING SECTOR IN INDIA BASED ON DATA ENVELOPMENT ANALYSIS
EFFICIENCY EVALUATION OF BANKING SECTOR IN INDIA BASED ON DATA ENVELOPMENT ANALYSIS Prasad V. Joshi Lecturer, K.K. Wagh Senior College, Nashik Dr. Mrs. J V Bhalerao Assistant Professor, MGV s Institute
More informationRIJBFA Volume 2, Issue 1 (January 2012) ISSN: X. A Journal of Radix International Educational and. Research Consortium RIJBFA
A Journal of Radix International Educational and Research Consortium RIJBFA RADIX INTERNATIONAL JOURNAL OF BANKING, FINANCE AND ACCOUNTING RESEARCH PAPER ON PERFORMANCE APPRAISAL OF SELECTED BANKS IN INDIA
More informationUNIT ROOT TEST OF SELECTED NON-AGRICULTURAL COMMODITIES AND MACRO ECONOMIC FACTORS IN MULTI COMMODITY EXCHANGE OF INDIA LIMITED
UNIT ROOT TEST OF SELECTED NON-AGRICULTURAL COMMODITIES AND MACRO ECONOMIC FACTORS IN MULTI COMMODITY EXCHANGE OF INDIA LIMITED G. Hudson Arul Vethamanikam, UGC-MANF-Doctoral Research Scholar, Alagappa
More informationCHAPTER 5: FINDINGS, SUGGETIONS, HYPOTHESIS TESTING AND CONCLUSION
Evaluation of working and performance of Regional Rural Banks of Gujarat State has been made at length with different angles in foregoing chapters. Contribution and overall progress made and key areas
More informationAN ALM ANALYSIS OF PRIVATE EQUITY. Henk Hoek
AN ALM ANALYSIS OF PRIVATE EQUITY Henk Hoek Applied Paper No. 2007-01 January 2007 OFRC WORKING PAPER SERIES AN ALM ANALYSIS OF PRIVATE EQUITY 1 Henk Hoek 2, 3 Applied Paper No. 2007-01 January 2007 Ortec
More informationPotential Output in Denmark
43 Potential Output in Denmark Asger Lau Andersen and Morten Hedegaard Rasmussen, Economics 1 INTRODUCTION AND SUMMARY The concepts of potential output and output gap are among the most widely used concepts
More informationIssue Number 51 July A publication of External Affairs Corporate Research
Research Dialogues Issue Number 51 July 1997 A publication of External Affairs Corporate Research Premium Allocations and Accumulations in TIAA-CREF Trends in Participant Choices among Asset Classes and
More informationCapital Structure & Long Term Solvency: A Study on Central Coalfield Limited
Volume-7, Issue-2, March-April 217 International Journal of Engineering and Management Research Page Number: 333-339 Capital Structure & Long Term Solvency: A Study on Central Coalfield Limited Vijay Kumar
More informationMutual Funds through the Lens of Active Share
Mutual Funds through the Lens of Active Share John Bogle, founder of The Vanguard Group, is famous for his opinion that index funds are unequivocally the best way to invest. Indeed, over the last decade,
More informationA STUDY ON STATUS OF AWARENESS AMONG MUTUAL FUND INVESTORS IN TAMILNADU
A STUDY ON STATUS OF AWARENESS AMONG MUTUAL FUND INVESTORS IN TAMILNADU G. PRATHAP PhD Research Scholar, Dept. of Business Administration, Annamalai University, Annamalai Nagar Dr. A. RAJAMOHAN Professor,
More informationTransactions in the Foreign Exchange Market and the Exchange Balance
Overview Transactions in the Foreign Exchange Market and the Exchange Balance Foreign Exchange Transactions and Exchange Balance in February 2018 In February 2018, the Central Bank of Argentina directly
More informationAN APPRAISAL OF CORPORATE TAX IN INDIA: A SELF ASSESSMENT
Volume 5, Issue 1 (January, 2016) Online ISSN-2320-0073 Published by: Abhinav Publication Abhinav International Monthly Refereed Journal of Research in AN APPRAISAL OF CORPORATE TAX IN INDIA: A SELF ASSESSMENT
More informationA STUDY ON BEHAVIOR OF MUTUAL FUND INVESTORS IN INDIA
www.arseam.com Impact Factor: 0.98 A STUDY ON BEHAVIOR OF MUTUAL FUND INVESTORS IN INDIA *Godala. Satya Narayana Reddy *Associate Professor, ST.MARY S ENGINEERING COLLEGE ABSTRACT Today a lot of investment
More informationIMPACT OF ACQUISITIONS THROUGH VALUE ADDITION - A CASE STUDY OF TATA STEEL AND TATA POWER COMPANIES IN INDIA
Tactful Management Research Journal ISSN :2319-7943 Impact Factor : 2.1632 (UIF) Vol. 3 Issue. 4 Jan 2015 Available online at www.lsrj.in IMPACT OF ACQUISITIONS THROUGH VALUE ADDITION - A CASE STUDY OF
More informationA Comparative Analysis on Various Mutual Fund Schemes of HDFC And SBI As An Investment Option For Retail Investors In India
International Journal of Business and Management Invention ISSN (Online): 2319 8028, ISSN (Print): 2319 801X Volume 6 Issue 9 September. 2017 PP 73-85 A Comparative Analysis on Various Mutual Fund Schemes
More informationIrish Retail Interest Rates: Why do they differ from the rest of Europe?
Irish Retail Interest Rates: Why do they differ from the rest of Europe? By Rory McElligott * ABSTRACT In this paper, we compare Irish retail interest rates with similar rates in the euro area, and examine
More informationCHAPTER-VI PERCEPTIONAL ANALYSIS OF CHIT MEMBERS AND THE MANAGERIAL STAFF
CHAPTER-VI PERCEPTIONAL ANALYSIS OF CHIT MEMBERS AND THE MANAGERIAL STAFF 212 CHAPTER QUINTESSENCE This chapter is the core of the study and presented comprehensively in two sections. Section-A is a canvass
More informationThe use of business services by UK industries and the impact on economic performance
The use of business services by UK industries and the impact on economic performance Report prepared by Oxford Economics for the Business Services Association Final report - September 2015 Contents Executive
More informationNON-PERFORMING ASSETS IN INDIAN BANKING AND THE ROLE OF ASSET RECONSTRUCTION COMPANIES
ABHIJIT SINHA: NON-PERFORMING ASSETS IN INDIAN RANKING AND THE ROLE OF ASSET RECONSTRUCTION COMPANIES DOI: 10.21917/ijms.2016.0032 NON-PERFORMING ASSETS IN INDIAN BANKING AND THE ROLE OF ASSET RECONSTRUCTION
More informationE- ISSN X ISSN MICRO FINANCE-AN IMPERATIVE FOR FINANCIAL INCLUSION IN INDIA
MICRO FINANCE-AN IMPERATIVE FOR FINANCIAL INCLUSION IN INDIA Dr.K.Jayalakshmi PDF(ICSSR),Dept. of Commerce,S.K.University, Anantapur. Andhra Pradesh. Abstract Financial inclusion is a flagship programme
More informationCHAPTER III CONCEPTUAL FRAME WORK
CHAPTER III CONCEPTUAL FRAME WORK This chapter is intended primarily to provide a conceptual frame work of the study. Moreover, the important terms and concepts used in the thesis have also been explained
More informationThe enduring case for high-yield bonds
November 2016 The enduring case for high-yield bonds TIAA Investments Kevin Lorenz, CFA Managing Director High Yield Portfolio Manager Jean Lin, CFA Managing Director High Yield Portfolio Manager Mark
More informationSaving, financing and investment in the euro area
Saving, financing and investment in the euro area Saving, financing and (real and financial) investment in the euro area from 1995 to 21 are analysed in this article in the framework of annual financial
More informationAn Analytical Study of Non-Performing Assets of Nationalized Banks in India
Volume-3, Issue-06, June 2016 ISSN: 2349-7637 (Online) RESEARCH HUB International Multidisciplinary Research Journal (RHIMRJ) Research Paper Available online at: www.rhimrj.com An Analytical Study of Non-Performing
More informationVolume Title: The Formation and Stocks of Total Capital. Volume URL:
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: The Formation and Stocks of Total Capital Volume Author/Editor: John W. Kendrick Volume Publisher:
More informationA STUDY ON FACTORS INFLUENCING OF WOMEN POLICYHOLDER S INVESTMENT DECISION TOWARDS LIFE INSURANCE CORPORATION OF INDIA POLICIES IN CHENNAI
www.singaporeanjbem.com A STUDY ON FACTORS INFLUENCING OF WOMEN POLICYHOLDER S INVESTMENT DECISION TOWARDS LIFE INSURANCE CORPORATION OF INDIA POLICIES IN CHENNAI Ms. S. Pradeepa, (PhD) Research scholar,
More informationPRIVATE CAPITAL: RECORD- SETTING PACE IN 2017 At the end of September, Preqin
Q4 217 Fundraising Update PRIVATE CAPITAL: RECORD- SETTING PACE IN 217 At the end of September, Preqin asked whether a dip in quarterly fundraising might represent a slowdown in overall activity, or simply
More informationFINANCIAL WEALTH HEALTH OF MAWANA SUGAR MILL - A CASE STUDY
FINANCIAL WEALTH HEALTH OF MAWANA SUGAR MILL - A CASE STUDY Dr.Yashwant Gupta* & Dr. Neeraj Kumar Gupta** * Himachal Pradesh University Business School, Himachal Pradesh University, Shimla, India **Assistant
More informationKeywords: taxation; fiscal capacity; information technology; developing economy.
Abstracts Title: Aid and Taxation: Evidence from Ethiopia Author: Giulia Mascagni Abstract: The relation between aid and tax has been largely debated in the literature, given its far-reaching consequences:
More informationA study of financial performance: a comparative analysis of axis and ICICI bank
International Journal of Multidisciplinary Research and Development Online ISSN: 2349-4182, Print ISSN: 2349-5979 Impact Factor: RJIF 5.72 www.allsubjectjournal.com Volume 4; Issue 11; November 2017; Page
More informationMonitoring the Performance
Monitoring the Performance of the South African Labour Market An overview of the Sector from 2014 Quarter 1 to 2017 Quarter 1 Factsheet 19 November 2017 South Africa s Sector Government broadly defined
More informationNo. WP/ECO/DTL/09/01. A Note on Static Contribution of Services Sector to Growth in India. Avadhoot Nadkarni. September 2009
WORKING PAPER No. WP/ECO/DTL/09/01 A Note on Static Contribution of Services Sector to Growth in India Avadhoot Nadkarni September 2009 Planning Commission Chair and Unit in Planning and Development Department
More informationHOUSEHOLD SECTOR FINANCIAL VULNERABILITY
September 213 JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST: FNB HOME LOANS 11-12 John.loos@fnb.co.za The information in this publication is derived from sources which are regarded as accurate and
More informationEmployment growth and Unemployment rate reduction: Historical experiences and future labour market outcomes
Mar-03 Sep-03 Mar-04 Sep-04 Mar-05 Sep-05 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Employment Unemployment Rate Employment growth and Unemployment rate
More informationHaruhiko Kuroda: Japan s economy and monetary policy
Haruhiko Kuroda: Japan s economy and monetary policy Speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at a meeting with business leaders, Osaka, 28 September 2015. Introduction * * * It is
More informationConsumer Market Monitor
Consumer Market Monitor UCD Michael Smurfit Graduate Business School Scoil Chéimithe Ghnó Michael Smurfit UCD Consumer Market Monitor... 1 Executive Summary... 2 Consumer Confidence... 3 Consumer Confidence
More informationGrowth of Deposits and Advances of Urban Co-Operative Banks in India
Growth of and of Urban Co-Operative Banks in India K. Karthikeyan Associate Professor of Commerce, PG Department of Commerce, Vivekananda College, Tiruvedakam West S. VadivelRaja Assistant Professor of
More informationTWO WAY FIXED EFFECT OF PRIORITY SECTOR LENDING (SECTOR WISE) ON NON PERFORMING ASSETS OF INDIAN COMMERCIAL BANKS
TWO WAY FIXED EFFECT OF PRIORITY SECTOR LENDING (SECTOR WISE) ON NON PERFORMING ASSETS OF INDIAN COMMERCIAL BANKS ABSTRACT: Neha Goyal, Dr Rachna Agrawal and Dr.Renu Aggarwal Asst, Professor YMCA UST Faridabad
More informationJournal of Global Economics
$ Journal of Global Economics Research Article Journal of Global Economics Selvaraj, J Glob Econ 2016, 4:4 DOI: OMICS Open International Access Impact of Micro-Credit on Economic Empowerment of Women in
More informationThe Effects of Increasing the Early Retirement Age on Social Security Claims and Job Exits
The Effects of Increasing the Early Retirement Age on Social Security Claims and Job Exits Day Manoli UCLA Andrea Weber University of Mannheim February 29, 2012 Abstract This paper presents empirical evidence
More informationFDI Flows in Developing Countries: An Empirical Study
Global Journal of Finance and Management. ISSN 0975-6477 Volume 6, Number 1 (2014), pp. 27-34 Research India Publications http://www.ripublication.com FDI Flows in Developing Countries: An Empirical Study
More informationINCREASING THE RATE OF CAPITAL FORMATION (Investment Policy Report)
policies can increase our supply of goods and services, improve our efficiency in using the Nation's human resources, and help people lead more satisfying lives. INCREASING THE RATE OF CAPITAL FORMATION
More informationPUBLIC HEALTH CARE CONSUMPTION: TRAGEDY OF THE COMMONS OR
PUBLIC HEALTH CARE CONSUMPTION: TRAGEDY OF THE COMMONS OR A COMMON GOOD? Department of Demography University of California, Berkeley March 1, 2007 TABLE OF CONTENTS I. Introduction... 1 II. Background...
More informationASSETS AND INDEBTEDNESS
Chapter - VI ASSETS AND INDEBTEDNESS Assets and indebtedness are two important correlates of poverty. The first round survey collected detailed information on these two aspects. In this chapter we will
More informationJournal Of Financial And Strategic Decisions Volume 10 Number 2 Summer 1997 AN ANALYSIS OF VALUE LINE S ABILITY TO FORECAST LONG-RUN RETURNS
Journal Of Financial And Strategic Decisions Volume 10 Number 2 Summer 1997 AN ANALYSIS OF VALUE LINE S ABILITY TO FORECAST LONG-RUN RETURNS Gary A. Benesh * and Steven B. Perfect * Abstract Value Line
More information