Money

This study considered the influence of credit risk management on the financial performance of deposit money banks in Nigeria. Data for the study was collected from investigated annual financial report spanning 2020 to 2024. The banks investigated includes First Bank, Access Bank, United Bank for Africa, Wema Bank, Unity Bank, First City Monument Bank, Zenith Bank and Fidelity Bank. The fixed effects and random effects regression procedures were applied on panel data and the Hausman test diagnostic technique was applied on the random effect regression output to determine the most efficient estimate which was selected for analysis. The estimation was carried out using E-view 9.0 econometric software. This study found that credit risk management negatively and significantly influence the financial performance of deposit money banks in Nigeria. Precisely, non-performing loan, loan loss provision among others negatively and signficantly impact the financial performance of deposit money banks. Based on these findings, this study recommends that bank manager should intensify action to minimize the rate of non-performing loan because of the risk it poses to financial performance and that banks should limit the amount set aside as loan loss provision because it diminishes the fund that would have been available for credit creation, thus depressing financial performance.