CREDIT RISK MANAGEMENT AND FINANCIAL PERFORMANCE OF FINANCIAL INSTITUTIONS IN UGANDA: A CASE STUDY OF CENTENARY BANK MUKONO BRANCH
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Date
2024-08-27
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Abstract
The study, which examined credit risk management and the financial performance of
financial institutions in Uganda, was carried out at the Centenary Bank branch in
Mukono. The study aimed to evaluate the impact of credit risk assessment on the
financial performance of financial institutions in Uganda, investigate the impact of
credit policies on financial performance, and assess the influence of credit risk
mitigation strategies on financial performance. A cross-section survey research strategy
was utilized, incorporating both qualitative and quantitative methods. Questionnaires
were used to gather data, which was then analyzed using the OLS model and SPSS
software.
The results of the study showed a considerable correlation between financial
performance and credit risk management. The study makes an original contribution by
suggesting that there is a positive relationship between credit risk management and
financial performance of financial institutions. These insights in explaining the
relationship is useful for academic understanding and business growth.