Globalization and Performance of Local Commercial Banks in Uganda: A Case Study of Equity Bank Kabalagala Uganda
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Date
2010-06
Authors
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Journal ISSN
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Publisher
Kampala International University, bachelors degree in international business administration
Abstract
This research sought to investigate the effects of globalization on performance of local
commercial banks in Uganda. The specific objectives were to establishing the challenges facing
local commercial banks in Uganda due to globalization and to determine the strategies adopted
by local commercial banks in response to globalization.
The findings of the research were that the challenges faced by commercial banks in Uganda due
to globalization were high competition, fraud, dynamic business environment, strict government
regulations and cultural differences. Also, the research findings indicated that strategies adopted
by local commercial banks in Uganda in response to globalization challenge were;-mergers and
Acquisitions, Strategic Alliances, Joint ventures, Restructuring, and Retrenchment.
The research concluded that globalization affected the performance of commercial banks in
Uganda.
Based on the research findings, the following were recommended; strategies such as mergers and
Acquisitions, Strategic Alliances, Joint ventures, Restructuring, and Retrenchment should be
used by banks, banks should diversify their products to meet customers ever increasing
expectations, banks should establish research and development departments for conducting
research on recent happenings and finally, banks should continue to equip their management
with current information on globalization.
Description
A Dissertation Submitted To the School Of Business and Management in Partial Fulfillment of the Award of Bachelors Degree in International Business Administration of Kampala International University
Keywords
Globalization, Commercial Banks, Equity Bank Kabalagala