Zavos, P. A. (2023). The Integration of Environmental Risks into the Credit Risk Management Profile of European Banks. Doctoral Dissertation, University of Piraeus (Greece).

has been cited by the following article:

• TITLE: Impact of Credit Risk Management on the Financial Performance of Microfinance Institutions in Nigeria: A Qualitative Review

  AUTHORS: John Agbana, Josiah Ayoola Bukoye, Ifeyinwa Chinyere Arinze-Emefo

  KEYWORDS: Credit Risk Management, Credit Risk Appraisal, Credit Risk Identification, Credit Risk Mitigation, Credit Risk Monitoring, Nigeria

  JOURNAL NAME: Open Journal of Business and Management, Vol.11 No.5, September 8, 2023

  ABSTRACT: This study reviewed the effect of credit risk management on the financial performance of microfinance institutions (MFIs) in Nigeria. Utilizing a qualitative review methodology, the review found that proactive risk assessment, thorough credit appraisal, proper loan monitoring, and prompt loan recovery procedures are essential components of efficient credit risk management, which has a substantial impact on MFI performance. Credit risk management is also improved by well-defined regulations, qualified personnel, and suitable technology infrastructure. The study cites difficulties MFIs confront, including restricted access to credit information, insufficient regulatory frameworks, and operational limitations. By addressing these issues, financial performance and sustainability can be increased. Enhancing credit information sharing systems, encouraging stakeholder cooperation, and offering capacity-building initiatives are some recommendations. This study offers insightful information that can help practitioners, regulators, and policymakers create a climate that supports efficient credit risk management while boosting financial performance and promoting Nigeria’s long-term growth.