The Efect Of Information Communication Technology (Ict) On Deposit Mobilization And Profitability

The Efect Of Information Communication Technology (Ict) On Deposit Mobilization And Profitability

Abstract

This exploration work focuses on the Effect of Information Communication Technology( ICT) on deposit rallying and profitability of banks in Nigeria. It also revealed how computer technology is being used in taking strategic opinions in an association, with the operation of computer technology. It helps to discover how efficiently and effectively the bank( s) are performing as respects deposit rallying and trend( s) in profitability. Some exploration instrument( s) were used in this nonstop jotting were Interview, Questionnaire and compliances which were illustrated with maps and( Chi-square). It starts with background of the study up to final recommendation to the advanced Authority.

Chapter One

Preface

Background Of The Study

The effect of information communication technology( ICT) in banks deposit rallying and profitability in Nigeria can not be undervalued, the technology advancement has brought the preface of computer system into the recent banking operations.

The preface of computer and communication technology in the banking assiduity has been greatly eased by the position of mindfulness on the part of both operation and staff in the assiduity. Banks have geared up mortal and fiscal technology to insure that information communication technology is used to ameliorate their performance, cater for new guests parts and developed the request.

The introductory ideal of the operation of information communication technology, in any association is the achievement of a radical enhancement or amount vault in its business operations. This will involve redesigning the being coffers with the anticipated issues of the organizational process. To achieve these objects, an effective and effective information processing technology( computer) and information transmission technology( communication) as a strategic response.

The American heritage Dictionary of the English Language defined a computer as “ a device or electronic machine that performs high spread fine or logical computation or that assembles, stores, collect or else process and print information device from enciphered data in agreement with a destined program.

likewise, a computer is a largely complex electronic device that handle enormous millions of data at unconceivable speed and perform in second’s computation that trained fine would take times to complete. It can be feel as electrical device that accept DATA from an input device, performs arithmetical and logical operation in agreement with pure- defined instruction and restate the processing or in final printing from similar as business documents, schedules and operation reports.

There are two types of computer, videlicet, the digital and analog computer and uses computer language such a( FORTRAN, COBOL Drive, ALGOL) into a machine language modules or object programs.

The largely complex electronic device has major corridor.

HARDWARE Subsystem, which inversely has two corridor;

THE CENTRAL PROCESSING UNIT( CPU) made up of

(A.L. U) where all computation and comparison are made

Central and Memory/ storehouse all data must be read into memory before the computer can reuse them.

Control Unit This unit directs and control the conditioning of all othersub-computer factors of the entire computer system.

B. THE PERIPHERALS Which includes.

a. The input device card reporters, paper, tape recording, anthology, VOU and TT.

b. The secondary storehouse device, which include cards, glamorous tape recording and glamorous slice.

SOFTWARE SUBSYSTEM This subsystem is grouped into two areas

1. System programe, which correspond of

Operating system or administrator program, as the name implies

Computer or language translator as another type of system program, which

restate or control operation programs into machine language.

2. operation Program Computer don’t understand the mortal language at the moment anyway, thus language called programming language. There’s a group of computer which is called. “ NETWARE NETWORK ” that are linked together so they can communicate and show coffers.

Propose Of The Study

The purpose of this design is to estimate and dissect the effect of Information Communication Technology( ICT) in United Bank for Africa. This exploration work will serve as a companion to determine whether the computer has been suitable to enhance functional effectiveness operation control time delicacy well as increased in deposit rallying and profitability of the United Bank for Africa and banks generally.

Statement Of The Problem

As far bank 1990, United Bank for Africa has employed a system director. This underlines the necessary of ICT in such a large bank. utmost branches except pastoral branches have been computerized.

still, the banking operation Information Communication Technology( ICT), information system contained to be rigorously before the preface and installation of computer, the banks were unfit to meet their pretensions and objects.

Significance Of The Study

This study is excepted to give the government, share holder and operation with the impact of robotization of banking information technology will enhance banking services in Nigeria, through the provision of different services like online banking, electronic transfer of fund( ETF),E-banking, Automatic Teller Machine( ATM) telephone banking rather of the homemade banking formerly rehearsed.

Exploration Instrument

1. Ho Information Communication Technology has no effect on banks deposit rallying and profitability in Nigeria.

2. Hi Information Communication Technology has effect on bank’s deposit rallying and profitability in Nigeria.

The Compass Of The Study

The compass of the study is limited to a Universal Bank( UBA) due to the time frame and fiscal constraints and it involves round the conditioning and operations of UBAplc.

Limitation Of The Study

Despite my interest in this exploration work, the real ideal can not be attained due to some limitation over which I’ve no control, among there are data collection, time frame work, distance and fiscal constraints.

Association Of The Study

The study on the Effect of Information Communication Technology on banks deposit rallying and profitability in Nigeria bank having the United Bank for Africa Plc as its case study in accepted to highlights the need for robotization of banking operation.

This study consider numerous effects as it started with chapter one as an preface to the study. Background of the study, purpose of the study, statement of the problem, significant of the study, association of the study, limitation of the study and description of terms and brief profile of the case study.

Chapter two gives a broad meaning of information communication technology which are the Literature review preface of the study. Automated delivery channels, Interactive TV, Telephone banking, Effect of information technology on bank client, Effect of information on deposit rallying and profitability,U.B.A plc profile,U. B. A Plc information technology, limitation of robotization and United Bank for Africa Computer outfit.

The empirical analysis for this study contained in chapter three which are exploration methodology preface of the chapter, population of the study, sample and slice procedure, sources of data, exploration instrument system of data collection and problems of data collection.

The chapter four of this design work also due with Data Analysis and Presentation, preface of the chapter, Data interpretation, testing of thesis and General comment( s). The chapter five correspond the last chapter of this design work with the summary, conclusion and Recommendation excursus and references.

Description Of Terms

It’s material to tack a glossary of terms that are likely to be nebulous in this study.

APPLICATION CONTROL control designed to prop the absoluteness, delicacy and validity of processing in a particular operation.

COMPUTER PROGRAM A program which examine the contents of guests computer lines or perform operatione.g. calculators.

Information Communication

TECHNOLOGY( ICT) Simple mean made of running of information by electronic means which involves access to storehouse of processing, transportation or transfer and delivery.

QUESTIONNAIRE Is a form containing a list of question s to be answered or filled by the replier. It’s used for collecting the demanded data or information from the replier.

EXPLORATION Is a methodical disquisition which include the process of gathering, assaying, satisfying and reporting of information of all fact necessary for the determination to prefer result to the affiliated problem.

THESIS Are testable statement, needed data and their interpretation to determine their validity as a conditional result to reasonable problem, having Ho as the indispensable thesis independently.

NETWORK simply mean a philanthropy of computer and bias connected by communication channel that allow druggies to shares data, information, tackle, and software with other druggies.

KEYBOARD A typewriter like device through which data can be input to computer.

INTEGRITY the state of being correct, complete, uncorrupted or with moral fiber.

MAGNETIC MEDIA storehouse device for calculating data or lines, in marketable system, Disks are used for data storehouse.