Assessing Market Growth of Money Deposit Banks in Nigeria: Role of Cross-Border Banking

Authors

  • Martins Alechenu Adikwu
  • Josephat Mgbede Idibe
  • Thomas Terkaa Igyer

DOI:

https://doi.org/10.5281/zenodo.13939265

Keywords:

Market growth, Money deposit, Cross-border, Banks.

Abstract

In this study, assessing market growth of money deposit banks in Nigeria: role of cross-border banking
was investigated. The study adopted the ex-post facto design. The study population comprised of al the
eight (8) cross-border banks in Nigeria as at December, 2021. Secondary data were sourced from the
published annual reports Nigerian Stock Exchange fact book which covered the period of 2015-2021.
Descriptive statistics and Panel Data Analysis Radom Effect Method were used for data analysis with
decision rule at 0.05 level of significant. Findings from the study revealed that cross-border portfolio
investment has significant effect on the profitability of cross-border banks in Nigeria while loan advances
and market share have no significant effect on the profitability of cross-border banks in Nigeria. The study
recommended among others, that Nigerian banks operating cross-border should consider establishing
more branches to ensure larger spread and benefit from economies of scale to capture higher market
share for enhanced profitability.

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Published

2024-10-31