“Most of the works attempted to provide answers to the multiple questions and criticisms that have trailed the roles of banks. “This is so, especially in mobilising surplus funds for lending to support economic and commercial ventures in the various segments of the economy. Occasionally, he said, the more of bank credit deployed in the economy, the less the overall impact of such credit on economic growth and development. “If the banking system of a country is effective, efficient and disciplined, it brings about the rapid growth in the various sectors of the economy. In response to the challenges facing the banking system, Ajibola proposed some solutions which include a flexible system of lending and lower interest rates.“We need more positive growth through loans for the lagged period.

Source: The Guardian November 20, 2017 11:03 UTC