IMPACT OF FINANCIAL MANAGEMENT PRACTICES ON BUSINESS GROWTH OF GUARANTEE TRUST BANK KADUNA.

This study examines the impact of financial management practices on business growth of Guaranty Trust Bank Kaduna. The study aims to investigate the relationship between financial management practices (such as financial reporting, investment decision, and risk management). A descriptive research approach was adopted, using primary data from structured questionnaire. The sample size used in this study is the total number of staff of Guarantee Trust Bank Kaduna branch, Kaduna State, which is a total of 137. Multiple regressions were used for testing of the hypothesis relevant to this study. The test is conducted using a level of significance (alpha) of 0.05. The finding of the study shows Financial reporting (FIR) has a significant positive impact on Business Growth of GT Bank Kaduna. The finding of the second hypothesis shows that Investment decision (FIR) has a significant and positive impact on Business Growth of GT Bank Kaduna. While, also Risk Management (RKM) has a significant and positive impact on Business Growth of GT Bank Kaduna. The study concludes that increase on business growth is dependent on the financial reporting, investment decision, and risk management, as such, these variables should be considered very important when making decisions concerning business growth. It was recommended that Implement accurate and timely financial reporting systems to provide clear insights into the business’s financial health, aiding strategic planning and growth decisions. Also, conducting comprehensive market research and feasibility studies before making investment decisions to ensure alignment with long-term growth strategies.