MANAGEMENT COMPETENCY AND GROWTH OF COMMERCIAL BANKS IN RIVERS STATE

Abstract

The study examined the relationship between management competency and growth of commercial banks in Rivers State. The explanatory cross-sectional survey research design was adopted for the study. The population of the study consisted of Twenty-Three (23) commercial banks operating in Rivers State with their headquarters in Port Harcourt. The comments of the Test/Measurement were used to validate the instrument. Cronbach alpha was employed to ascertain the reliability of the instrument. A total of one Hundred and Fifty-One (151) copies of the questionnaire were administered to respondents through the help of two research assistance. The researchers were able to retrieve One Hundred and Twenty-Five (125) copies of the distributed questionnaires. Mean and standard deviation were used for the univariate analysis while the bivariate analysis was done using Spearman Rank Order Correlation. The multivariate analysis was done using Partial Correlation. Findings revealed that there is a significant relationship between management competency and growth of commercial banks in Rivers State; Also, organizational resources significantly moderates the relationship between management competency and growth of commercial banks in Rivers State. The study also concluded that management competency correlate with growth, and it is being moderated by the organizational resources. The study recommended amongst others that management of commercial banks should invest in continuous learning and development programs to equip managers with the latest industry knowledge, behaviour skills, and technological advancements for organizational growth enhancement.