Prospects of E-Banking Practices in Cooperative Bank of Oromia Mida Kegn Branch, Oromia Regional State, Ethiopia

Abstract

The aim of this paper is to the Prospects of Electronic banking practices in Cooperative Bank of Oromia Mida Kegn Branch, Oromia Regional State, Ethiopia. The study was conducted based on the data gathered from Cooperative Bank of Oromia Mida Kegn Branch (CBO) and from the selected respondents . Mixed research approach was used fulfill the objectives of the study. The study statistically analyzes data obtained from the survey questionnaire. The data were gathered through primary sources , the collected  data were  analyzed  with descriptive statistics through frequency distribution and percentages, mean and standard deviation, Pearson Correlation to come up the results of data. Mean score is used to identify the highest and the lowest of the variables. Pearson‘s Correlation analysis is used to describe (test) independent variables and the dependent variable. The study also suggests a series of measures which could be taken by the Cooperative Bank of Oromia Mida kegn Branch and to address Prospects for the adoption of the E- banking practices in the study. It is possible for the adiotion of the e-banking practices by  enhancing the awareness level of individuals, establishing a clear set of legal framework on the use of technology in banking industry, supporting banking industry by investing on telecommunication infrastructure and hiring well trained and experienced IT professionals to handle the E-Banking business competently with adequate knowledge.

Keywords: Challenges; Prospects; Electronic Banking practices ; Cooperative Bank of Oromia

DOI: 10.7176/RJFA/12-13-02

Publication date:July 31^st 2021