EFFECT OF DIGITAL FINANCING IMPACT ON BANK SECTOR PERFORMANCE: A COMPARATIVE ANALYSIS OF SELECTED AFRICAN COUNTRIES

EFFECT OF DIGITAL
FINANCING IMPACT ON BANK
SECTOR PERFORMANCE: A
COMPARATIVE ANALYSIS OF
SELECTED AFRICAN COUNTRIES
Agbroko Obukomena
Department of Banking and Finance
University of Nigeria, Enugu Campus
ABSTRACT
This study investigated the impact of
digital financing on bank sector
performance: Evidence of selected
countries. Specifically the study examined
the impact of digital financing on broad
money supply ratio to gross domestic
product. It also examined the impact of
digital financing on credit to private sector
ratio to gross domestic product. Its
specific objectives include:
• To examine the effect of Automated
Teller Machine (ATM) on Bank Sector
Performance;
• To access the effect of Internet Banking on
Bank Sector Performance;
• To identify the effect of Mobile Banking on
Bank Sector Performance
Data were extracted from the selected
countries from 2009 to 2017.The study
adopted panel least square regression after
conducting a Haussmann test check, which
random effect was adopted for the panel
least square regression. The result showed
that digital financing has significant impact
on broad money supply ratio to gross
domestic product and digital financing has
significant impact on credit to private ratio to
gross domestic product. Hence, the study
concludes that the digital financing has a
significant
impact on bank
sector
performance

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