CRITICAL EVALUATION OF DEBT MANAGEMENT IN BANKING INDUSTRY (A CASE STUDY OF ZENITH BANK PLC)

ABSTRACT The study is aimed to evaluate the critical of debt management in banking industry using Zenith bank as the case study. The objective of the study was to asses the debt management strategies employed by Zenith bank Plc, to evaluate the impact of these strategies on the bank’s financial performance and to identify the challenges faced in debt management and propose actionable recommendations for improvement. The method employed was qualitative research methods and a questionnaire were designed and distributed for the respondents to answer. From the results, strong correlation between effective debt management practices and the financial performance of the selected bank. The analysis demonstrate that the bank’s strategic initiative have led to measurable improvement is key to financial radices over the years. The study recommended that, continuous refine the credit risk assessment processes by integrating advance data and machine learning techniques. This will improve the accuracy of borrower evaluation and reduce default rates further.