Credit Risk Management Perception in Nigeria commercial Banks: A Case Study of First Bank of Nigeria Plc and Union Bank of Nigeria Plc

Credit Risk Management Perception in Nigeria commercial Banks: A Case Study of First Bank of Nigeria Plc and Union Bank of Nigeria Plc
ABSTRACT
 The research was undertaken to evaluate credit risk management Perception in Nigeria commercial banks using First bank of Nigeria Plc and Union bank of Nigeria Plc as a case study.The work was intended to achieve the following objectives; to examine the causes of credit risks in Nigeria commercial banks. To review the strength of the Commercial banks in combating this menace.To also ascertain the level of contribution of the central bank of Nigeria in helping the commercial banks mitigate credit risk. Relevant data were collected from both primary and secondary data sources. Questionnaire was the main primary data collection instrument employed while data from various relevant publications and annual reports constituted the secondary data. Based on the study, the following conclusions were drawn: There are several causes of credit risk to commercial banks in Nigeria Credit risks do really affect or reduce the operational efficiency of these banks. Employment of strategies in reducing this credit risk is more sophisticated in first bank of Nigeria plc than in union bank of Nigeria plc. Central bank of Nigeria has over the years been assisting the commercial banks in fighting these credit risks. On the basis of the above findings the following recommendations were made: Commercial banks should employ more strategic means in monitoring credit losses in their banking system.
Commercial banks should assess the workability of each strategy before implementation. Since strategies are costly and may involve heavy capital investment.
More research should be conducted in assessing the lending behaviour of Nigeria commercial banks.