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ABSTRACT
This study investigates the relationship between financial performance and economic growth of listed banks in Nigeria. Utilizing a quantitative research approach and an ex-post facto research design, the study examines the interplay between economic growth, financial performance, and key banking indicators. Secondary data from annual reports and financial statements of 13 banks listed on the Nigerian Exchange Group over a five-year period serve as the primary data source. Multiple regression analysis, alongside descriptive statistics and Pearson correlation matrix, is employed for data analysis. The findings reveal a significant positive relationship between return on asset (ROA) and economic growth, underscoring the importance of profitability in driving economic expansion. However, liquidity ratio (LR) and loan to deposit (LD) ratios exhibit non-significant individual effects on economic growth. The study's insights contribute to understanding how specific financial performance variables influence economic growth in Nigeria, offering implications for policymakers and financial institutions aiming to enhance the banking sector's contribution to sustainable economic development.
