Role of equity bank in the promotion of international trade in Kenya
Abstract
International business transactions have been transformed by the globalization of economies
which has been spearheaded by the advancement in technologies (Patricia R. Todd et al, 2004).
This has led to the advancement of many banks in the promotion of trade internationally. Banks
have been able to facilitate international trade by guaranteeing international payments hence
reducing the risk of trade transactions; this has led to economic growth of trading countries.
This study sets out to determine role of Equity Bank in enhancing international trade in Kenya.
The researcher shall look into the role of the bank in offering advisory roles to international
trading companies. How they facilitate trade financing and foreign exchange risk management
and facilitation of international trade transactions. Commercial banks provide pre-export and preimport
loans to financial intermediaries; they also facilitate the settlement of international
payments. They issue letters of credit and extend similar guarantees, which reduce the risk that
importers and exporters may default on their obligations to deliver or to pay. The objective of the
study is to determine the role of Equity Bank in promoting international trade in Kenya. The
findings aim to empower commercial banks to support international traders for mutual benefit as
well as empower the traders in Kenya to carry out trade Internationally hence improving the
country‘s economic condition.
The study aims to use a descriptive research design with target population from Equity bank with
the collection of both primary and secondary data for the research on this study. The researcher
shall narrow the research to the staff working at the bank with a major focus on the section that
deals with international transactions, particularly the top, middle level and lower management
staff. Data collected shall be analyzed using SPSS and presented in diagrams, charts and tables.
The researcher will then discuss the summaries, findings and recommendations of this study.
Publisher
University of Nairobi
Description
Thesis