The importance of Banking sector in the growth of Nation economy: A case study of Stanbic bank in South Sudan
Author (s)
AKECH DAVID AKUIEN
Abstract
The banking industry is essential to supporting other institutions and general economic development in sub-Saharan African countries, acting as a vital support system for other institutions and overall economic development. This research aims to examine the correlation between banking sector assets, bank deposits, and liquid liabilities and their implications for the economy. A comprehensive survey was conducted, targeting all commercial banks in South Sudan. The questionnaire was completed by 50 directors, managers, and senior officers. The findings showed a tenuous inverse link between consumer deposits and economic expansion. To address these concerns, it is imperative for the government to establish a stable political system, exercise fiscal discipline, and establish effective information infrastructure within the banking sector. Policymakers should also prioritize tackling tax evasion and avoidance to bolster bank profitability and effectively deal with the challenges faced by the economy.
Keywords: Banking sector, Nation economy, Banking sector assets, Bank deposits, Liquid liabilities, Sub-Saharan countries, South Sudan.
| Title: | The importance of Banking sector in the growth of Nation economy: A case study of Stanbic bank in South Sudan |
|---|---|
| Author: | AKECH DAVID AKUIEN |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.58970/IJSB.2201 |
| Media: | Online & Print |
| Volume: | 28 |
| Issue: | 1 |
| Issue publication (Year): | 2023 |
| Acceptance Date: | 24/07/2023 |
| Date of Publication: | 29/07/2023 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2201.pdf |
| Free download: | Available |
| Page: | 1-20 |
| First Page: | 1 |
| Last Page: | 20 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
AKECH DAVID AKUIEN (2023). The importance of Banking sector in the growth of Nation economy: A case study of Stanbic bank in South Sudan. International Journal of Science and Business, 28(1), 1-20. doi: https://doi.org/10.58970/IJSB.2201
Retrieved from https://ijsab.com/wp-content/uploads/2201.pdf
About Author (s)
AKECH DAVID AKUIEN, MBA (Finance) University of Juba, BSc (Banking and Finance), Diploma (Banking and Finance), Dr Garang Memorial University, South Sudan
DOI: https://doi.org/10.58970/IJSB.2201