Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Electronic Banking and Customer Satisfaction in Centenary Rural Development Bank, Uganda
Asiimwe Babrah, Dr Arinaitwe Julius, Dr Ariyo Gracious Kazaara, Dr Omedo Vincent
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 2, No. 8 |
| Published | 31 August 2023 |
| ISSN | 3006-4384 |
Abstract
The study aimed at electronic banking and customer satisfaction in centenary rural development bank, Uganda and it was guided by the following objectives; To establish the relationship between e-funds transfer and customer satisfaction of Centenary Bank, to examine the relationship between telephone banking and customer satisfaction of Centenary Bank and to assess the relationship between internet banking and customer satisfaction of Centenary Bank. The study population consisted of 215 respondents (Centenary Bank human resource manual, 2015). These consisted of 10 administrative bank managers and 120 lower bank officials using main branch (Mapeera Building) and 85 customers. The administrators were chosen because they were in charge of overseeing the implementation of the electronic banking in the bank. Findings of the study shown a moderate linear relationship (Multiple R = .188) between internet banking and customer satisfaction of Centenary Bank. Going by the adjusted R Square, it was shown that internet banking account for 16.7% change in customer satisfaction of Centenary Bank. These findings were subjected to an ANOVA test, which showed that the significance (Sig F = .001) of the Fishers ratio (F = 16.958) was greater than the critical significance at .05. Hence, the findings were accepted. Trust building among the customers should be a major concern for Centenary Bank while improving the usefulness of the system. In order to enhance trust in internet banking, trust-creating activities must be continuously pursued. Centenary Bank managers should develop a system that provides up to date and research.miu.ac.ug/publications 120 METROPOLITAN JOURNAL OF BUSINESS & ECONOMICS (MJBE) ISSN 1813-4238 Vol. 2 Issue 5, August - 2023, Pages: 120-140 relevant financial information with good user interface consistency in order to enhance trust. To counter the legal threat and security posed to net banking and ecommerce, the necessary legal codes backing the industry must be established; this will enhance the growth of the industry.
Keywords
electronic banking
customers
banking industry and customer
Cite This Article
Asiimwe Babrah, Dr Arinaitwe Julius, Dr Ariyo Gracious Kazaara & Dr Omedo Vincent (2023). Electronic Banking and Customer Satisfaction in Centenary Rural Development Bank, Uganda. Metropolitan Journal of Academic Multidisciplinary Research, 2(8). https://journals.miu.ac.ug/pages/article.php?article_id=1307
More in This Issue
View full issue →
21
Impact of Advertising on Consumer Buying Behaviour a Case Study of Mbs (Migadde Blick and Sons) Fruit Agencies Ltd
advertising and consumer buying behaviour
22
IMPACT OF AUTMATED TELLER MACHINES ON THE PERFORMANCE OF COMMERCIAL BANKS IN UGANDA. A Case Study of Equity Bank Kyengera Branch
automated teller machines and performance
23
Impact of Micro Credit Finacing on Agricultural Production. Acase Study of Bundibugyo District in the Western Region of Uganda
micro credit financing
financial institutions
agricultural production
24
Impact of Reward Systems on the Organizations’ Performance in Uganda’s Schools: A Case Study of Mk. International Schools-Busega Branch
reward systems
organizations
Performance and schools