Conference Paper

ELECTRONIC BANKING AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA.

This study examined the effect of electronic banking on financial performance of deposit money banks in Nigeria. The specific objective of the study is to examine the effect of mobile banking point of sales, and automated teller machine on return on equity of selected deposit money banks in Nigeria. The study adopted ex post facto research design. A sample size of 10 deposit money banks was selected from a population of 23 deposit money banks listed on the Nigeria Exchange Group. Secondary method of data collection was used to extract data from the annual reports of selected deposit money banks and CBN statistical bulletin for a period of 10 years spanning from 2015-2024. Findings of the study revealed that Mobile Banking, Automated Teller Machine and Point of Sales has a coefficient of -0.008011, -0.028659 and 0.037674 with a p-value of 0.0072, 0.0000 and 0.0000 respectively, which is lesser than the 5% significance level. R-Square has a value of 0.801617 implies that 80% of the variation of Return on Equity is influence by the explanatory variables. The study concluded that Mobile Banking and Automated Teller Machine has a negative and significant effect on the Return on Equity, while Point of Sales has a positive and significant effect on the Return on Equity of selected Deposit Money Banks in Nigeria. The study recommended that monetary authorities and commercial banks should enlighten their customer on the convenience and importance of adopting e-banking channels in completing their transactions. Keywords: Electronic Banking, Point of Sales, Automated Teller Machine, Mobile Banking, and Return on Equity