Descriptive analysis shows financial awareness improves financial resilience in commercial banks, suggesting training is crucial.
In the context of increasing pressures from government of Uganda, to enhance financial inclusion and improve access to banking services, promoting resilience in Commercial banks becomes more critical. The study investigated the effect of financial awareness on the financial resilience of commercial banks in Uganda. The study employed a descriptive, correlational, and cross-sectional design, using semi-structured questionnaires. Data was analysed descriptive, Pearson correlation, and simple regression analyses. Finding revealed that financial awareness significantly contributes to financial resilience with an adjusted 𝑅² value of 0.495. Financial awareness is a significant factor to the financial resilience of commercial banks as employees with higher levels of financial awareness tend to make more informed decisions which help the bank effectively manage risks and adopt to market changes, thereby strengthening its overall financial resilience. The study emphasizes the need for continuous training and development of financial awareness and more in financial literacy to promote sound financial decision-making and bolster financial resilience in Uganda's banking sector.
No takes yet. Share an insight, caveat, or question.
Kakundwa et al. (2025) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: