New Generation Banks And Old Generation Banks: Comparative Analysis Of United Bank For Africa And Zenith Bank

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. A bank, be it old generation or new generation bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. What differentiate new generation bank from old generation bank are the quality of services, the level of technological advancement etc. A bank links together customers that have capital deficits and custom…