INFORMATION TECHNOLOGY AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Abstract

This study ascertained the impact of Information Technology on the Performance of Selected Deposit Money Banks in Anambra State, Nigeria. Survey research design method was adopted in this study to obtain sample opinions of respondents. The Spearman rank order Correlation Coefficient was used to test the hypothesis at 5% level of significance between observed and expected frequency. Some of the major findings were that information Technology had a positive significant effect on Performance and Liquidity of deposit money banks in Ekwuluobia metropolis, Anambra state. The recommendations based on the findings were that: The introduction of ICT has improved DMBs performance within the banking system.  Hence, electronic banking activities should be enhanced to continue to enforce improved DMBs performance within the banking system in Ekwuluobia, Anambra state, Nigeria.