Credit risk management: An imperative for profitability of Centenary Bank Kabale Branch

https://doi.org/10.35912/ijfam.v6i1.1904
Published: Jun 21, 2024

Abstract:

Purpose: This study focuses on establishing the effect of credit risk management on the profitability of the Centenary Bank Kabale Branch. Credit Risk Management was operationalized as credit risk identification, risk assessment, and risk control, while profitability was operationalized as Return on Equity, Return on Assets, and Non-Performing Loans.

Research methodology: The study population comprised of 140 respondents. A sample size of 103 respondents was obtained using the Krejcie and Morgan 1970 table for sample determination. This study adopted a mixed method approach. Quantitative data were collected using Self-Administered Questionnaires and analyzed using Pearson’s linear correlation coefficient. Qualitative data were collected through in-depth interviews and analyzed using content analysis.

Results: The findings indicate that the majority of the respondents were male, aged 31–40 years, and bachelor’s degree holders. Risk identification (r=0.882), risk assessment (r=0.776), and risk controls (r=0.829) have a significant positive relationship with profitability at the central bank.

Limitations: The limitations include bias from the respondents and the study being conducted in only one branch, making generalization difficult.

Contribution: These investigations have informed Centenary Bank managers of the importance of credit risk identification, risk assessment, and risk control. Managers should focus on mitigation measures to reduce risks, create a credit risk assessment team to evaluate risks, establish strategies, and prioritize risk management practices by implementing policies in place. The findings contribute to the literature on credit risk management in terms of the central bank.

Novelty: Previous similar research only studied how environmental accounting is implemented in a hospital and did not compare its implementation before, during, and after a pandemic.

Keywords:
1. Credit Risk Identification
2. Risk Assessment
3. Risk Control
4. Liquidity, Microfinance, profitability, return on asset
5. Centenary Bank
Authors:
1 . Burani Aluonzi
Kabale University, Uganda
2 . Eliab Byamukama
Kabale University, Uganda
3 . Eton Marus
Kabale University, Uganda
4 . Tushemereirwe Charity
Kabale University, Uganda
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How to Cite
Aluonzi, B., Byamukama, E. ., Marus, E. ., & Charity, T. . (2024). Credit risk management: An imperative for profitability of Centenary Bank Kabale Branch. International Journal of Financial, Accounting, and Management, 6(1), 19–31. https://doi.org/10.35912/ijfam.v6i1.1904
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Issue & Section
Vol. 6 No. 1 (2024): June
Articles
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  1. Abdelaziz, H., Rim, B., & Helmi, H. (2022). The interactional relationships between credit risk, liquidity risk and bank profitability in MENA region. Global business review, 23(3), 561-583.
  2. Afriyie, S. O., Yusheng, K., Kaodui, L., Caesar, A. E., & Owusu-Akomeah, M. (2018). Credit risk management system of commercial banks: an analysis of the process.
  3. Agustin, E. D., & Bayunitri, B. I. (2020). The influence of risk management to credit lending. International Journal of Financial, Accounting, and Management, 2(1), 65-77.
  4. Al-Eitan, G. N., Khanji, I. M., & Saraireh, S. A. (2023). Trade Credit Management and Profitability of Jordanian Manufacturing Firms. Risks, 11(1), 16.
  5. Al?Tamimi, H. A. H., & Al?Mazrooei, F. M. (2007). Banks' risk management: a comparison study of UAE national and foreign banks. The Journal of Risk Finance, 8(4), 394-409.
  6. Alabdullah, T. T. Y. (2022). Management accounting insight via a new perspective on risk management-companies' profitability relationship. International Journal of Intelligent Enterprise, 9(2), 244-257.
  7. Alfadli, A., & Rjoub, H. (2020). The impacts of bank-specific, industry-specific and macroeconomic variables on commercial bank financial performance: evidence from the Gulf cooperation council countries. Applied economics letters, 27(15), 1284-1288.
  8. Ali, B., & Oudat, M. S. (2020). Financial risk and the financial performance in listed commercial and investment banks in Bahrain bourse. International Journal of Innovation, Creativity and Change, 13(12), 160-180.
  9. Almustafa, H., Nguyen, Q. K., Liu, J., & Dang, V. C. (2023). The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter? PloS one, 18(2), e0281148.
  10. Amin, M. E. (2005). Social science research: Conception, methodology and analysis: Makerere University.
  11. Bakashaba, E., Lutaaya, J. M., & Arinaitwe, H. (2022). Credit Risk and Financial Performance of Selected Commercial Banks in Kampala District, Uganda. A Cross-sectional Study. Student's Journal of Health Research Africa, 3(12), 21-21.
  12. Barton, T. L., Shenkir, W. G., & Walker, P. L. (2002). Making enterprise risk management pay off: FT Press.
  13. Belas, J., Gavurova, B., & Toth, P. (2018). Impact of selected characteristics of SMES on the capital structure. Journal of Business Economics and Management.
  14. Boahene, S. H., Dasah, J., & Agyei, S. K. (2012). Credit risk and profitability of selected banks in Ghana. Research Journal of finance and accounting, 3(7), 6-14.
  15. Bordens, K. S., & Abbott, B. B. (2011). Research Designs and Methods: McGraw Hill Education (India) Private Limited.
  16. BoU. (n.d.). Annual Report. Retrieved from https://www.bou.or.ug/bouwebsite/FinancialStability/AnnualReport/Annual/index.html
  17. Bouteille, S., & Coogan-Pushner, D. (2021). The handbook of credit risk management: originating, assessing, and managing credit exposures: John Wiley & Sons.
  18. Catherine, N. (2019). Credit risk management and financial performance: a case of bank of africa (U) limited. Open Journal of Business and Management, 8(1), 30-38.
  19. Cui, J., Jo, H., & Na, H. (2018). Does corporate social responsibility affect information asymmetry? Journal of Business Ethics, 148, 549-572.
  20. Du, G., Liu, Z., & Lu, H. (2021). Application of innovative risk early warning mode under big data technology in Internet credit financial risk assessment. Journal of Computational and Applied Mathematics, 386, 113260.
  21. Dunyoh, M., Ankamah, E. T., & Kosipa, S. J. K. (2022). The impact of credit risk on financial performance: Evidence from rural and community banks in Ghana. Hybrid Journal of Business and Finance, 3(1).
  22. Ellis, T. J., & Levy, Y. (2009). Towards a Guide for Novice Researchers on Research Methodology: Review and Proposed Methods. Issues in Informing Science & Information Technology, 6.
  23. Eton, M., Fabian, M., & Benard, P. O. (2022). Are internal controls important in financial accountability?(Evidence from Lira District Local Government, Uganda).
  24. Finger, M., Gavious, I., & Manos, R. (2018). Environmental risk management and financial performance in the banking industry: A cross-country comparison. Journal of international financial markets, institutions and money, 52, 240-261.
  25. Francis, A., Caleb, T., & Eton, M. (2022). Credit Risk Management Practices and Loan Performance of Commercial Banks in Uganda.
  26. Gabriel, O., Victor, I. E., & Innocent, I. O. (2019). Effect of non-performing loans on the financial performance of commercial banks in Nigeria. American International Journal of Business and Management Studies, 1(2), 1-9.
  27. Geitangi, D. M. (2015). The relationship between credit risk management practices and the performance of loan portfolio of commercial banks in Kenya. University of Nairobi.
  28. Githaiga, J. W. (2015). Effects of credit risk management on the financial performance of commercial banks in Kenya. University of Nairobi.
  29. Graham, A., & Coyle, B. (2000). Framework for: Credit risk management: Global Professional Publishi.
  30. Hasabubwenje, D. (2020). Bank of Uganda needs to do more to prevent closure of banks. Nile Post.
  31. Huang, X., Liu, X., & Ren, Y. (2018). Enterprise credit risk evaluation based on neural network algorithm. Cognitive Systems Research, 52, 317-324.
  32. Isa, M. Y. M., Choong, Y. V., Fie, D. Y. G., & Rashid, M. Z. H. A. (2018). Determinants of loan loss provisions of commercial banks in Malaysia. Journal of Financial Reporting and Accounting, 16(1), 24-48.
  33. Isaac, M. (2021). Effect of Credit Management on Profitability of Selected Commercial Banks in Rwanda. The International Journal of Business Management and Technology, 5(6).
  34. James, K., & Lorna, M. (2019). Credit Risk Management and Salary Loan Performance in Commercial Banks in Uganda:A Case Study of Stanbic Bank Uganda Limited. Management and Economic Journal, 3(9), 659-667.
  35. Kaitibi, D. B., Ganawah, E. T., Yokie, M. A., Jalloh, M., & Koroma, B. M. (2017). Impact of efficient credit management on profitability of commercial banks in Sierra Leone. Open Journal of Business and Management, 6(1), 139-150.
  36. Kalu, E. O., Shieler, B., & Amu, C. U. (2018). Credit risk management and financial performance of microfinance institutions in Kampala, Uganda. Independent journal of management & production, 9(1), 153-169.
  37. Kalui, F. M., & Kiawa, E. (2015). Efects of Credit Risk Management Procedures on Financial Performance among Microinance Insituions (MFIs) In Kenya: A Case of MFIs in Nairobi County. Internaional Journal of Humaniies Social Sciences and Educaion, 2(3), 81-103.
  38. Kargi, H. S. (2011). Credit risk and the performance of Nigerian banks. Ahmadu Bello University, Zaria.
  39. Khemakhem, S., & Boujelbene, Y. (2018). Predicting credit risk on the basis of financial and non-financial variables and data mining. Review of Accounting and Finance, 17(3), 316-340.
  40. Kimotho, D., & Gekara, M. (2016). Effects of Credit Risk Management Practices on financial performance of Commercial banks in Kenya. International journal of economics & finance, 2(3), 116-189.
  41. Kirinya, A. (2020). Tropical Bank Set to Close Mbale, Mbarara Branches. Retrieved from https://ugandaradionetwork.net/story/tropical-bank-set-to-close-mbale-mbarara-branches
  42. Kithinji, A. M. (2010). Credit risk management and profitability of commercial banks in Kenya.
  43. Kothari, C. R. (2004). Research methodology: Methods and techniques: New Age International.
  44. Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research activities. Educational and Psychological Measurement, 30(3), 607-610.
  45. Lekwauwa, N., & Bans-Akutey, A. (2022). Commercial banks’ profitability and portfolio management in Ghana. Annals of Management and Organization Research, 3(4), 245-257.
  46. Lisa, O., & Hermanto, B. (2021). Analysis of Risk profile, Good corporate governance, Earnings, and Capital (RGEC) in Syariah commercial banks and conventional commercial banks. e-Repository Dosen Universitas Gajayana Malang.
  47. Liu, G., Mirzaei, A., & Vandoros, S. (2014). The impact of bank competition and concentration on industrial growth. Economics Letters, 124(1), 60-63.
  48. Liu, Y., Brahma, S., & Boateng, A. (2020). Impact of ownership structure and ownership concentration on credit risk of Chinese commercial banks. International Journal of Managerial Finance, 16(2), 253-272.
  49. Ma, Z., Hou, W., & Zhang, D. (2021). A credit risk assessment model of borrowers in P2P lending based on BP neural network. PloS one, 16(8), e0255216.
  50. Mafumbo, P. (2020). Credit management, credit policy and financial performance of commercial banks in Uganda. International journal of business and management review, 8(5), 68-99.
  51. Maliisa, T. (2013). Credit risk management and financial performance in housing finance Bank Uganda. Uganda Management Institute.
  52. Mbiti, J., Lugogo, F., & Keoch, R. (2018). Contribution of Credit Risk Management Strategies on Financial Stability: A Case of Commercial Banks in Kilifi County-Kenya. European Journal of Business and Management, 10(17), 1-12.
  53. McKee, G., & Kagan, A. (2018). Community bank structure an x-efficiency approach. Review of quantitative finance and accounting, 51, 19-41.
  54. Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates. The Journal of Finance, 29(2), 449-470.
  55. Muhindi, K., & Ngaba, D. (2018). Effect of firm size on financial performance on banks: Case of commercial banks in Kenya. International Academic Journal of Economics and Finance, 3(1), 175-190.
  56. Mutembei, C., & Gitonga, M. N. (2022). Assessment of Credit Risk Identification on Loan Repayment Performance of Saccos in Imenti South Sub-county, Meru, Kenya. Asian Journal of Economics, Business and Accounting, 22(23), 326-334.
  57. Nathan, S., Ibrahim, M., & Tom, M. (2020). Determinants of non-performing loans in Uganda’s commercial banking sector. African Journal of Economic Review, 8(1), 26-47.
  58. Nelson, O. N. F. (2020). The Impact of credit risk management on the profitability of a commercial bank: The case of BGFI bank Congo. International Journal of economics and Finance, 12(3), 21.
  59. Nyabyenda, R., & Murekeyimana, T. (2022). Assessing the Impact of Credit Management Practices on the Profitability of Manufacturing Companies in Rwanda. 10, 35-49.
  60. Olobo, M., Karyeija, G., Sande, P., & Khoch, S. (2021). Credit Risk Management Practices and Performance of Commercial Banks in South Sudan.
  61. Omar, M. A., Muturi, P., & Samantar, P. (2018). Effects of credit management practices on profitability of telecommunication companies in Garowe, Somalia. International Journal of Social Sciences and Information Technology, 4(5), 408-421.
  62. Opiding, A. (2018). Credit Risk Management and profitability in commercial banks in Uganda: A case study of Diamond trust bank. Uganda Management Institute.
  63. Oranefo, P. C., & Egbunike, C. F. (2023). Accounts Payable Turnover and Firm Performance of Quoted Manufacturing Firms in Nigeria. International Journal of Accounting and Management Information Systems, 1(1), 45-65.
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