Title:
ROLE OF FINANCIAL INNOVATION IN INCREASING THE EFFICIENCY OF FINANCIAL PERFORMANCE OF BANKS (FIELD STUDY ON ANIMAL RESOURCE BANK)

Authors:
Dr. Abdelsalam Awad Khair Elseed and Dr. Suliman Musa Elzain , Sudan

Abstract:
This study aimed to highlights the concept of financial innovation and shows its advantages; Study the relationship between financial innovation and financial performance of the banks. The study found that, the use of the risk forecasting strategy contributes to raising the efficiency of banks financial performance and also found that the use of options contracts contributes to raising the efficiency to financial of banks financial performance. The study recommended to encourage banks to get benefit from the innovative financial tools offered by financial engineering, in addition to increase awareness of the concept of financial innovation and its multiple advantages through holding seminars, seminars and training courses