Determinants of Client Characteristics and Financial Performance of Deposit Money Banks in Nigeria

This study examined the effect determinants of client characteristics on financial performance of deposit money banks in Nigeria. Client fee and client size proxies for client characteristic and return on assets for measure of financial performance. The ex post facto research design was adopted for this study. Data were drawn from the annual report and accounts of fifteen 15 deposit money banks in Nigerian covering a period of ten 10 years from 2011 to 2020. Data extracted were analysis and tested with multiple regression analysis. The results show that client fee and client size has a negative effect on return on assets of deposit money banks in Nigeria, and these effects were not statistically significant at 5 level of significance. Based on the findings of this study, it recommended amount others that the shareholders should consider the complexity of clients' businesses especially oil and gas businesses when fixing the audit fees for the fact that those complex businesses are more difficult to audit. Okerekeoti, Chinedu U. "Determinants of Client Characteristics and Financial Performance of Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-3 , April 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49819.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/49819/determinants-of-client-characteristics-and-financial-performance-of-deposit-money-banks-in-nigeria/okerekeoti-chinedu-u