Community banks were
established in Nigeria to help remedy the rural development problem that has
been facing Nigeria since after World War II. The fundamental concepts of a
community bank is of a self sustaining financial institution, owned and managed
by community or a group of communities for the purpose of providing credit
deposit, banking and other financial services to its members. The objectives of
the research work therefore covered the pace of providing financial and banking
services and other facilities to communities that were inadequately supplied
with such services, the rapid enhancement of the development of productive
activities in rural areas, the promotion of emergence of an effective
integrated national financial system that responds to the need of the whole
economy from individual and grassroots community level through level of local
government areas and states to the national level. The study also covered the
problems encountered by these banks in carrying out their functions and then
the recommendations of the possible solutions.
Chapter one of this
works looks into the fate of banking services of community bank in these new
This is due to the
pressure of globalization, consolidation, deregulation and rapidly changing
technology. In order to properly place
themselves in favourable positions for competition and be one of the
competitions and be one of the corporations to be reckoned with in the new
century. It lay emphasis on how top bank management will help in
achieving this goal.
Chapter two reviews
the origin/history of community banks in general. It narrates how it started and its relevance
to government and consumers at most. It
also deals with the objectives of the community banking system and their
functions. It will then moves on to
those techniques that should be implemented to improve their payment and
service delivery systems and operations.
This techniques includes
installation of a modern computer
inter-connectivity beckoned that would enable them achieve communication of
data and multimedia over intranet, extranets and with the whole world, over the
Internet. The techniques also include;
creating awareness by advertising, giving prices, gifts and premium to
potential customers, creating of friendly atmosphere with customers, i.e.
showing interest in consumers needs and community cultivation.
Chapter three deals
on the area of the study, which is Ohha community Bank including staff
population. This requires the
administration of questionnaire. Then
the data analysis.