COVID-19 PANDEMIC AND ECOBANK’S FINANCIAL PERFORMANCE IN LUSADA OGUN STATE NIGERIA
Abstract
The study examined the impact of COVID-19 pandemic on Ecobank Crawford University branch financial performance. Return on asset was used to measure the dependent variable which was proxied by Ecobank financial performance while capital adequacy ratio, liquidity ratio, and asset quality ratio were used to proxy the impact of COVID-19 pandemic from 2019 to 2021. The study used E-Views 10 statistical package to carry out the data analyses and Ordinary Least Square (OLS). It was discovered that a positively significant relationship existed between capital adequacy ratio and COVID-19 while there was no significant relationship between liquidity ratio and Ecobank’s return on asset. Asset quality ratio did not contribute positively to bank return on asset. Therefore, the study recommended that Crawford University Ecobank branch should be conscious of managing its liquidity by diversifying its assets, and managing loans and deposits properly.
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