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| Investigating the Impact of Credit Management on the Financial Performance of Financial Institutions in Uganda, a Case Study of Centenary Bank, Gulu Branch
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Okello Simon Adoch, Ngiri Andrew, Dr Ariyo Gracious Kazaara, Tukamuhebwa Deus, Kamugisha Nelson, Friday Christopher, Kimaku Alex
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Abstract:
The study aimed at investigating the impact of credit management on the financial performance of financial institutions in Uganda with a case study of centenary bank, Gulu branch and it was guided by the following objectives; to examine the effect of credit terms on financial performance of Centenary Bank, Gulu Branch, to analyze the effect of credit assessment on financial performance of Centenary Bank, Gulu Branch and to investigate the relationship between credit control and financial performance of Centenary Bank, Gulu Branch. From the findings, it shows that there is a strong positive correlation coefficient (0.669) and therefore the relationship between credit financing and the growth of bank is significant at 95% confidence interval since the probability (0.035) is less than the critical value 0.05 and therefore we reject the null hypothesis and since the R squared value 0.567 is greater than the adjusted R squared value (0.435), it was a good fit. From the study findings, the researcher recommends the following; however following the individual prediction, the band width for the mean prediction of age is lower than the band width of individual prediction. Banks should devise means they deliver credit financing facilities, improve terms and conditions under which financial institutions offer various credit facilities to bank. The government of the republic of Uganda should partner with other financial institutions to provide subsidized financial/credit assistance to bank with little interest rates. There should be assessing the needs of clients so as financial institutions develop credit facilities that best suit them.
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