EFFECT OF INTERNAL CONTROL COMPONENTS ON FINANCIAL PERFORMANCE OF FINANCIAL INSTITUTIONS IN RWANDA A CASE STUDY OF BANK OF KIGALI MAIN BRANCH (2020-2022)

Registration ID: IJNRD_213188

Published ID: IJNRD2402035

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MUNGANYIMANA Elytha

Effect; Internal control components; Financial Performance; Financial Institutions; Bank of Kigali (BK).

The study entitled “Effect of internal control components on the Financial Performance of Financial Institutions in Rwanda. A case of bank of Kigali main Branch (2020-2022)”, was conducted for assessing the validity of four research hypotheses such as: H01: Control environment, risk assessment, activity control, information and communication and monitoring have no significant effect on return on investment of Bank of Kigali; H02: Control environment, risk assessment, activity control, information and communication and monitoring have no significant effect on return on asset of Bank of Kigali; H03: Control environment, risk assessment, activity control, information and communication and monitoring have no significant effect on return on equity of Bank of Kigali; And H04: Control environment, risk assessment, activity control, information and communication and monitoring have no significant effect on net profit margin of Bank of Kigali. The study has adopted descriptive research design, correlational research design, and quantitative research design as used secondary quantitative data. Data was collected from BK financial reports of 2020 to 2022 and also as all indicators was not defined in the BK’s annual reports, some indicators were attributed to the existing indicators. Data analysis was made using Statistical Package for Social Scientists (SPSS) version 20 as it facilitates for linear regression model. To keep consistency on decision about hypothesis validity, the researcher chooses the use of coefficient tables only and leave summary table and ANOVA table (Analysis of Valiance). All in all, the study objective was achieved and all research hypotheses rejected in favor of alternative hypotheses. The study concludes that, generally, there is a positive and strong correlation between internal control components and financial performance of financial institutions case of Bank of Kigali. Based on the results the internal control contributes positively and significantly in financial performance of financial institutions case of BK at 5% level of significance. In other words, appropriate internal control is recommended tool for increasing financial performance of financial institutions.

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MUNGANYIMANA Elytha (February-2024). EFFECT OF INTERNAL CONTROL COMPONENTS ON FINANCIAL PERFORMANCE OF FINANCIAL INSTITUTIONS IN RWANDA A CASE STUDY OF BANK OF KIGALI MAIN BRANCH (2020-2022). INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(2), a308-a317. https://ijnrd.org/papers/IJNRD2402035.pdf

Volume 9 Issue 2, February-2024

Pages : a308-a317

Paper Reg. ID: IJNRD_213188

Published Paper Id: IJNRD2402035

Research Area: Social Science and Humanities 

Author Type: Foreign Author

Country: Nonko Cell and Kavumu village, Kigali City, Rwanda

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