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STRATEGIC MARKETING IN NEW GENERATION BANKS IN NIGERIA: A CASE STUDY OF CITIZENS INTERNATIONAL BANK LIMITED

ABSTRACT

The importance and the need for marketing in banking was not recognised

because for a very long period, banking was a sellers market.

While most customers had the impression that they were privileged to

enjoy the services of a bank. Additionally, bankers have traditionally been bank

oriented coupled with the fact that marketing is a recent American invention and

only in recent years have they become customers oriented.

Based on the literature, the study was conducted to examine and investigate

whether New generation commercial banks understand and apply the strategic

marketing concept in their operation. The study was conducted on CITIZENS

INTERNATIONAL BANK LIMITED AS A CASE STUDY. The method of

research used for the data collection was the Questionnaire, oral interview and

the documentary records on citizens bank as well as any other relevant material.

The research study further understudied the extent to which the banks apply the

strategic marketing concept in their operation, in terms of searching into

customers needs and consulting them in decision making.

In the light of the findings, a number of recommendation was made as

regards to: the method of application of the strategic marketing in New generation

commercial banks, the tools used, i.e both human and material tools required for

effective implementation of the marketing concept and the forum to be created

whereby the under privileged staff, should be educated on the subject matter and

parameters of marketing and strategic marketing concept.

TABLE OF CONTENT

Title page- – – – – – – – – i

Approval page – – – – – – – -ii

Dedication – – – – – – – – -iii

Acknowledgement – – – – – – – -iv

Abstract – – – – – – – – – -v

Table of content – – – – – – – -vi

CHAPTER ONE

INTRODUCTION – – – – – – – -1

1.0 Background of the study – – – – -1

1.1 Statement of the problem – – – – -5

1.2 Purpose of the study – – – – – -6

1.3 Significance of the study – – – – -8

1.4 Research questions – – – – – -9

1.5 Scope of the study – – – – – – -10

CHAPTER TWO

LITERATURE REVIEW – – – – – – -11

CHAPTER THREE

Research methodology – – – – – – -39

Design of study – – – – – – – -40

CHAPTER FOUR

Presentation, analysis and interpretation of data – -48

CHAPTER FIVE

Summary of findings – – – – – – -60

Conclusion – – – – – – – – -61

Recommendations – – – – – – – -62

Suggestions for further research – – – – -64

References – – – – – – – – -65

Appendix I – – – – — – – – -68

Questionnaire. – – – – – – – -69

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