Electronic Banking and Profitability of Deposit Money Banks in Nigeria

The study investigated impact of electronic banking on profitability of deposit money banks in Nigeria from 2009 to 2018. Secondary data were obtained from Central Bank of Nigeria statistical bulletin. Data obtained were analysed using Ordinary Least Square estimation technique. E- view software package was used to measure relationship between electronic banking and profitability of deposit money banks in Nigeria. From the result, internet banking has an insignificantly positive impact on profitability. It was also revealed that ATM has a significantly positive impact on profitability. The study recommended that the monetary authorities and deposit money banks in Nigeria should enlighten their customers on the convenience and importance of adopting e-banking channels in completing their transactions. In addition, banks should conduct further research to find new e-banking products to attract and retain their existing customers.