Financial Stability Of Deposit Money Banks In Nigeria (2011-2020)
There are persuasive evidence that financial stability provide an environment that will be favourable for allocation of resources efficiently and more rapid economic growth and development. In view of this, this study seek to analyze the trend of financial stability of deposit money banks in Nigeria for a period of 2011-2020 adopting Ex post facto research design. The study adopted secondary data. The population is the 13 Deposit Money Banks listed on the Nigerian Exchange Group as at 31 October 2022. The sample comprised 12 deposit money banks which were Purposively selected because they reported their financial statements in Naira. Data on variable such as: financial stability were sourced from sampled banks’ audited financial reports, the Nigerian Exchange Group Factbook and Central Bank of Nigeria. Statistical Bulletin. Data collected were analyzed using simple percentages and table. The results showed that Nigerian Deposit Money Bank’s financial stability marked an upward trend throughout the study period, except for the period of 2013 through 2015 when it reduced from sector average of 25.81% to 18.92% . This study concluded that, financial stability of Deposit Money Banks in Nigeria trend upward during the period of 2011-2020. Keywords: Financial Stability, Trend Analysis, Return on Assets, Return on Equity.