INVESTMENT APPRAISAL TECHNIQUES AND THEIR APPLICATIONS BY FINANCE/ INVESTMENT HOUSES (A CASE OF UNION BANK PLC ENUGU URBAN)
ABSTRACT
The financial world today is gradually becoming a global village in itself. The level of
offshore banking in both developing and developed countries today is evidence to this fact.
Since the financial wheel is critical in any development paradigm, the role of banks is even
more critical. Therefore the survival and performance of banks is of much interest not only to
policy makers and shareholders, but to researchers too. The intriguing report that banks in
Sub-Sahara Africa as a whole make much profit than those in the developed world
(Valentina Flamini et al., 2009) calls for some introspection to verify the case of Ghana.
It is in this light that we employed regression analysis to estimate and examine the
determinants of the profitability of commercial in banks, by examining the drivers of the
bank‘s profitability using the Ghana Commercial Bank Ltd and Merchant Bank Ltd as case
studies, following an examination of the performance of the two Banks in the two decades.
Results from the study reveal that the performance of the Banks has been highly volatile with
the banks recoding negative profits during some periods within the two decade under study.
The study also revealed that non-interest income, non-interest expense, bank’s capital
strength, natural log of total assets, growth of money supply, and annual rate of inflation are
significant key drivers of banks‘ profitability in Ghana. However, the size of the Ghanaian
economy and loan loss provision or provisions for bad debt did not have any significant
impact on the banks profitability.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
