Purpose: This research study generally assessed the relationship between Investment risk management and financial performance of Rwanda Social Security Board. It equally important assessed the effect of risk environment, analyzed the effect of risk control, and assessed the effect of risk monitoring on the financial performance of the Rwanda Social Security Board (RSSB). Materials and Methods: The used research design in this study was descriptive. A sample size of 125 respondents was drawn from 180 employees working in RSSB Headquarters. The study used a purposive sampling technique to select respondents. Information was collected using a structured questionnaire administered to respondents and statistically analysed using means, standard deviation and regression analysis via SPSS version 25.0. Results: Results from the first objective shown by a mean M=5.87 and standard deviation SD=2.77 strongly agreed with the statement that a formal risk management system is in place and overall investment objectives are defined and communicated to staff. The study agreed that RSSB Board of Directors approves all investment policies and ensures management takes necessary action. As shown by the mean M =5.45, S.D=1.96. The study concurred that guidelines governing investments are in place and RSSB stands on it, demonstrated by M= 5.67, S. D=0.499. From the results, the second objective demonstrated that the respondents strongly agreed that RSSB ensures that principles and procedures relating to investment and risk response is followed consistently. By M =5.87, S.D=2.77, duties are separated at different levels of management and the Board strongly agreed by M=5.58, SD=2.037, and testing, auditing, assessments of RSSB investment procedures are performed by independent personnel strongly agreed by M =5.85, S.D =2.07. A proactive way to deal with risk administration includes designating risk spending plans and setting risk resilience. Portfolio managers should practice vigilance inside plainly characterized boundaries as a component of their investment strategy. The result from the third objective revealed that there is a strong monitor of investment threshold and rating of sound investments by M =5.58, S.D =2.77. When the risks have been characterized and controls have been set around these risks, a methodical procedure of ordinary observing and detailing of these risks by a independent group guarantees approval and consistency of the approach. Regression analysis, a unit increment in risk environment may bring to increment in productivity by 2.008. A unit enhancement in risk control might bring an increase in productivity by 0.887. Recommendations: From the research findings presented, the study recommended the need to dissect the risk of administrations and consumptions. There is a requirement for the management to completely comprehend their commitments and take fundamental activities in guaranteeing money back, train workers to change their center convictions and help to guarantee the effective achievement of firm objectives. Management should work to improve cost and expenses risk management, even if the current ratio was better, management will need to significantly reduce expenses.
Purpose: This research generally assessed the contributions of horizontal business combination on financial performance of commercial banks and established the relationship between bank business combination bank financial performances. Methodology: The study adopted descriptive design to the population of 150 staffs of I&M bank with 109 sample size through purposive sampling. The study analyzed the information from 90 respondents, and financial statements of the bank for the period of 2011-2018. This research adopted a mix of both qualitative and quantitative approaches, primary data were from respondents using questionnaires and interview while secondary data were from financials statements and reports (2011 -2020). The research used SPSS version 20 to produce descriptive analysis (mean, mode, frequencies and standard deviation) for interpretation. Findings: The researcher performed correlation analysis and multiple regression analysis and found 0.834 correlation coefficient, 0.719. adjusted R squared at 95% confidence interval, holding horizontal combination, vertical combination and Lateral combination to a constant zero, financial performance of I&M bank would be 0.262, a unit increase in holding horizontal would lead to increase in performance of I&M bank by a factor of 0.356, a unit increase in vertical combination would lead to increase in performance of I&M bank by a factor of 0.832, a unit increase in Lateral combination would lead to increase in performance of I&M bank by a factor of 0.359. The study concluded that horizontal combination or lateral combination may include the need to increase their capital adequacy, improve on their new product development and acquiring new market share. Recommendations: The study recommends I& M Bank to take advantage of benefits that accrue from conducting business combinations, especially the potential which offers the increasing financial performance, to analyze carefully the type of business combination and to undertake the horizontal with reference to their particular effect on financial performance indicator parameters such Liquidity, Operating profit, Solvency and Profitability.
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