ISSN: IJSB: 2520-4750 (Online), 2521-3040 (Print) JSR : 2708-7085 (online)

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.

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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

 

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DOI: https://doi.org/10.58970/IJSB.2201

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