The impact of the banking sector development on the financial performance of the communication sector in sierra leone

1.4 Statement of Purpose 
The study seeks to examine the nature and extent on the effects of the Banking 
sector development on the financial performance of the communication sector 
in Sierra Leone for 20yrs through analysis on range of research and studies 
related the world over. The findings to the study are essential to policy makers, 
regulators, industrial practitioners and also financial institutions executives as 
it can be used to improve their ability to adequately make a good use of 
banking products and services offered and able to evaluate and ascertain the 
benefits gained. It shall also be of help in order for firms to be able to agitate 
for more better services and build a strategic partnership with the banking 
sector which will in turn be of a sustainable development between the two and 
bolster economic growth in the nation. 
The study will also highlight key banking and financial practices that shall be 
useful for policy makers, government, regulatory bodies and industrial 
executives and also
aimed at establishing, if there is any significant 
relationship between the banking sector services on the financial performance 
of the selected institutions and develop recommendations on how to enhance 
banking services that will improve the financial performance of the selected 
institutions in Sierra Leone. 
The study also adds to knowledge and further helps other scholars and 
researchers who intend to study in details, banking sector development and its 
considerable impact on other economic sectors financial performance and 
productivity in the real economy of a nation.
1.5 Research Question 
How do banking development influences other industrial sector financial 
performance? 

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1.6 Research Objectives 
The main objective of this study is to investigate the impact of the banking 
sector development on the financial performance of the communication sector 
in Sierra Leone. 
Sub Objectives; 
 To evaluate the product and services of banks that do impacted the 
financial performance of the communication sector; 
 To assess the impact on the financial position of the interest rate charged 
on loans and advances by the banking sector; 
 To determine the financial performance of the selected institutions in 
terms of profitability; 
 To evaluate the capital structure of companies to ascertain the 
percentage financed by the banking sector and how it affect financial 
performance.