International records / OpenAlex research

Diversification and Financial Survival of Selected Deposit Money Banks in Nigeria

A stable financial system efficiently allocates resources, manage financial risks and supports productive sectors of the economy for growth and development. Evidence from research showed that deposit money banks are faced with decline capital adequacy ratio, asset quality ratio, management capacity ratio, earnings ratio and liquidity ratio. Extant literature showed that full integration of diversification (income diversification, asset diversification. fund diversification) into the bank operation can ensure effective financial stability. This study examined the effect of diversification on fi…