The Effects of Financial Innovation on the Financial Performance of Commercial Banks in South Sudan
Abstract
The purpose of the study was to assess the effect of financial innovation on
commercial bank’s financial performance as the key players in the banking sector
over a period of 5 years. South Sudan’s financial system has been going through
transformations from foreign commercial banks which come with advanced
technology. The study used a casual research methodology and studied 16 commercial
Banks registered with the central bank of South Sudan for January 2009- December
2013. The findings indicate that return on asset (ROA) recorded a mean of 3.2534
with standard deviation of 1.2548. The average number of daily transactions using
ATM for the commercial banks during the study period was 156,547 with standard
deviation of 20,51. It was clear that adoption of financial innovation resulted in strong
financial results of commercial banks in South Sudan.
Publisher
University of Nairobi