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Help! I Need To Meet N500m Deposit Target Before June 30 2015 - Career (3) - Nairaland

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Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by chiefinalowo: 1:30pm On May 21, 2015
Billyonaire:


Sorry to hear about the decision of your bank to fire more staff on the premise of reset target goals. If our banks can actually entice depositors with good interest rate, they would not have need to go on these recurring rat race.

One would have loved to really help but I realized bank traded treasury bills with my funds on 44 days tenure while giving little or nothing as interest and using COT charges to take back what ever interest they gave. They are offering 13% on over 500M pa for 90 days, but [b]treasury bill at this moment guarantees at least 17% in 44 days [/b]of the 90 days and I am sure the bank wants to use the funds to trade TB which is the reason that want it fixed. I am sorry my brother, these trends get us all worried. You might wanna keep your mind in the non-banking sectors with time as banking job gives one no time for enterprise mindset.

That is not true.

2 Likes

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by spikesC(m): 1:30pm On May 21, 2015
akintun:


abeg which bank is offering 13% on TB. The last TB a bank bought on my behalf was at 9.9%

Banks have their own TB rates. You should have followed the market and given them a rate to bid for you on.
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by BornnAgainChild(f): 1:31pm On May 21, 2015
Simply get a gun and rob that same bank,afterwhich you deposit what you stole

Thats the only way out

All this banks can be crazy,you know--faced same too but thank God ve left there yeye bank

They almost turn person to ashawo sef


40manlappy:
Dear Nairalanders,

I work with one of the commercial banks in the country. There is a directive from top management in my bank that officers of my grade have to mobilize a fresh deposit of N500M before the end of June 2015.

I would appreciate assistance from all quarters because I have not gotten another job yet and funds mobilization has been very tough this year.

Useful and fruitful leads, contacts etc. would be greatly appreciated.

My bank can give up to 12% pa on a deposit of N250M and 13% pa on N500M if placed as fixed deposit for a period of 90 days.

Mods and Supermods, please help me move this to front page so that I can get the required assistance. God bless you in advance.

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by whytepawn1(m): 1:31pm On May 21, 2015
these are just unrealistic targets in this crunch times. I think the bank is just looking for excuses to lay off workers. why won't female bankers (marketers ) engage in ungodly acts just to rake in such monies. the Op should start looking at the prospect of life after "suit and ties ", it won't be easy but there will always be a way.

1 Like

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by spikesC(m): 1:32pm On May 21, 2015
40manlappy:
Dear Nairalanders,

I work with one of the commercial banks in the country. There is a directive from top management in my bank that officers of my grade have to mobilize a fresh deposit of N500M before the end of June 2015.

I would appreciate assistance from all quarters because I have not gotten another job yet and funds mobilization has been very tough this year.

Useful and fruitful leads, contacts etc. would be greatly appreciated.

My bank can give up to 12% pa on a deposit of N250M and 13% pa on N500M if placed as fixed deposit for a period of 90 days.

Mods and Supermods, please help me move this to front page so that I can get the required assistance. God bless you in advance.


For your bank to give you such target, you must be in a high ranking position. Therefore, you should have had a lot of contacts by now.
This is the time to use those. Make your contacts move their accounts to your bank or make you their account official. Offer incentives from the rate and make your bank increase their rates in favour of a certain amount.

Don't take this situation the wrong way, your bank needs you just like you need them now. So make offers and demands on both sides

2 Likes

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by chiefinalowo: 1:33pm On May 21, 2015
akintun:


abeg which bank is offering [b]13% [/b]on TB. The last TB a bank bought on my behalf was at 9.9%

You can only get that if you are bidding for 364 days.
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by richidinho(m): 1:35pm On May 21, 2015
Sijo01:


Are you by chance the op?

Am helping him out
Since u are here, he shouldn't go far for the search
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 1:38pm On May 21, 2015
Have you achieved one quarter of that amount in 2 - 3 months before? If the answer is NO, then lets be realistic, be prepared to get another Job... If you have not achieved something near to that amount (25%) in that time frame before, it is going to be a difficult task for you.
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 1:38pm On May 21, 2015
slydog:
Mine is 2.5b by June 30th
Am thinking of my plan b

una be olodo. how can u fulfill that target without doing pro.stitution?............ you better start a small scale business and the habitual pro.stitutes do their job in style.
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by hazyfm: 1:40pm On May 21, 2015
Billyonaire:


Sorry to hear about the decision of your bank to fire more staff on the premise of reset target goals. If our banks can actually entice depositors with good interest rate, they would not have need to go on these recurring rat race.

One would have loved to really help but I realized bank traded treasury bills with my funds on 44 days tenure while giving little or nothing as interest and using COT charges to take back what ever interest they gave. They are offering 13% on over 500M pa for 90 days, but treasury bill at this moment guarantees at least 17% in 44 days of the 90 days and I am sure the bank wants to use the funds to trade TB which is the reason that want it fixed. I am sorry my brother, these trends get us all worried. You might wanna keep your mind in the non-banking sectors with time as banking job gives one no time for enterprise mindset.

For the first time I agree with u on ds

1 Like

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by MKO4ever(m): 1:44pm On May 21, 2015
sucreblazing:
scrap ur pen.is comot and put to.to

grin you don mad grin
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by willsofsteel: 1:44pm On May 21, 2015
WaiTing to See wHo giVes thE bEst adVice
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by U2ice(m): 1:46pm On May 21, 2015
portaableg:
Rich Dad Poor Dad I suppose

Yeah tnks..corrected

1 Like

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by sulakishop(m): 1:47pm On May 21, 2015
MONEY RITUAL THINGS...
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by knostbrown01(m): 1:48pm On May 21, 2015
idu1:
Resign from that fuvking job!!!!
You have new job 2give him
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by freshvine(f): 1:49pm On May 21, 2015
40manlappy:
Dear Nairalanders,

I work with one of the commercial banks in the country. There is a directive from top management in my bank that officers of my grade have to mobilize a fresh deposit of N500M before the end of June 2015.

I would appreciate assistance from all quarters because I have not gotten another job yet and funds mobilization has been very tough this year.

Useful and fruitful leads, contacts etc. would be greatly appreciated.

My bank can give up to 12% pa on a deposit of N250M and 13% pa on N500M if placed as fixed deposit for a period of 90 days.

Mods and Supermods, please help me move this to front page so that I can get the required assistance. God bless you in advance.


Buy a toy gun preferably black color and approach any of the management board in your bank.

Point it at him in his air-conditioned office and say:
sir, you are one of those that sent us out to get 500 million naira, I need yours now or a promotion letter.
Where the hell do you expect me to muscle such fund from?
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by 9jatatafo(m): 1:52pm On May 21, 2015
Billyonaire:


Sorry to hear about the decision of your bank to fire more staff on the premise of reset target goals. If our banks can actually entice depositors with good interest rate, they would not have need to go on these recurring rat race.

One would have loved to really help but I realized bank traded treasury bills with my funds on 44 days tenure while giving little or nothing as interest and using COT charges to take back what ever interest they gave. They are offering 13% on over 500M pa for 90 days, but treasury bill at this moment guarantees at least 17% in 44 days of the 90 days and I am sure the bank wants to use the funds to trade TB which is the reason that want it fixed. I am sorry my brother, these trends get us all worried. You might wanna keep your mind in the non-banking sectors with time as banking job gives one no time for enterprise mindset.

The volume of cash mentioned is on the high side. That said, how can one go about this TB? Can you give me useful info? Thanks.

1 Like

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by MaziOmenuko: 1:58pm On May 21, 2015
U2ice:
Hmmmm...that's why I luv that book
"Rich dad Poor dad"


Goodluck on ur search

You didn't hear that the writer of that book has since filed for bankruptcy? The dude is fvcken broke! So all his 'hypes' and 'feel-good' motivations are trash as they didn't work for him.

3 Likes 1 Share

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 2:01pm On May 21, 2015
Billyonaire:


Sorry to hear about the decision of your bank to fire more staff on the premise of reset target goals. If our banks can actually entice depositors with good interest rate, they would not have need to go on these recurring rat race.

One would have loved to really help but I realized bank traded treasury bills with my funds on 44 days tenure while giving little or nothing as interest and using COT charges to take back what ever interest they gave. They are offering 13% on over 500M pa for 90 days, but treasury bill at this moment guarantees at least 17% in 44 days of the 90 days and I am sure the bank wants to use the funds to trade TB which is the reason that want it fixed. I am sorry my brother, these trends get us all worried. You might wanna keep your mind in the non-banking sectors with time as banking job gives one no time for enterprise mindset.

Are you sure about the bold??

Meanwhile, doing TBs through a bank is almost same as their FDs, on that amount.


I'd rather opt for mutual funds.

1 Like

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by adconline(m): 2:01pm On May 21, 2015
How about u focus on SME customers that have 500k to 2m? About 150 of them can help u!
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 2:03pm On May 21, 2015
The timeline for your target is quite short.

But you can do a lot within the time line if you are committed and focused to the task.

To start with, you need to break down your target into achievable components and set about the task immediately.

For instance, you need 100 people to give you N5m deposit each in order to meet your target.

You need 50 people to give you N10m deposit each to meet your target.

I believe you already have some customers who have account in the Bank. You start with them. Beg them with every imaginable or unimaginable strategy to increase their deposit in the Bank. You can promise them increased rate on their deposit if they are not already enjoying the rates you just mentioned on your post.

From there, you move over to your church or mosque or whatever organisation or society or club you belong. Sound a note of alarm and urgency to them to give you deposits. To get these ones, you have to pester the life out of them. As a Banker, I have made it a commitment to be very prominent in my church to attract the attention of the top pastorate and high networth members. I am a key member of many service units in the church and I always attend and participate actively in major church events. By doing this, I have been able to draw myself close to so many high networth individuals and the church pastorate from where i have opened many juicy accounts. I am also a member of several professional and social associations, clubs and organisations where I manage their accounts.

After that you move over to your own family, friends and relatives. As far as I am concerned, I have defined my friendship with people on the basis of how relevant they are to me. If you are my friend and you refuse to open an account in my Bank or give me fixed deposits when they clearly have the money, then there is no need to remain friends. If you are a family member and all you do is to be begging me for money, I will demand that you open at least 10 accounts for me before you can deserve the next payment from me. Even my parents and uncles have accounts in our Bank and they have referred so many people to open accounts for me and give me deposits.

With all these communal efforts combined and with your own personal efforts, by God's grace you will achieve over 50% of your target by June ending to retain your job.

The solution is not in quitting. That is a lazy man's recommendation.

The truth is that all these targets helps you in your own personal development. It gives you so much exposure and contacts that can help you when you eventually exit the Banking industry. And the drive, commitment and passion you put into achieving your targets ensures that you can never fail in your own business when you eventually decide to be self employed.

Hope my advise is useful.

A fellow banker.

15 Likes 1 Share

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by MaziOmenuko: 2:03pm On May 21, 2015
akintun:


abeg which bank is offering 13% on TB. The last TB a bank bought on my behalf was at 9.9%

chiefinalowo:


That is not true.

masonkz:


Are you sure about the bold??

Lol...as if you guys don't know our resident nairaland online - 'billyonaire'.

Who said living a fake life doesn't pay? Some people actually believe him even when it is obvious he doesn't know what he is talking about.

3 Likes

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 2:05pm On May 21, 2015
MaziOmenuko:






Lol...as if you guys don't know our resident nairaland online - 'billyonaire'.

Who said living a fake life doesn't pay? Some people actually believe him even when it is obvious he doesn't know what he is talking about.


LOL I fear o. when did TBs rise to 17% biko? except if it's not done through commercial banks. But then, even Investments banks don't get it at that high.

1 Like

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by MaziOmenuko: 2:08pm On May 21, 2015
masonkz:


LOL I fear o. when did TBs rise to 17% biko? except if it's not done through commercial banks. But then, even Investments banks don't get it at that high.

17% is a steal! Even if na blood money?!
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 2:09pm On May 21, 2015
MaziOmenuko:


17% is a steal! Even if na blood money?!

Apparently he thinks he's talking to fools.
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nobody: 2:11pm On May 21, 2015
Approach any of this multi million dollar Church. moreover dy av got nothing to loose. just present them with a good proposal and bingo...
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by sucreblazing(m): 2:17pm On May 21, 2015
grin you don mad grin[/quote] cheesy[quote author=MKO4ever post=33957895]



grin we are both mad grin
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Denn(m): 2:20pm On May 21, 2015
...reminds me of old times...

Nemo dat quod non habet
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by juicebox: 2:25pm On May 21, 2015
.

2 Likes

Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by gebest: 2:27pm On May 21, 2015
even you yourself knows you are lying.
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by publicenemy(m): 2:34pm On May 21, 2015
kennygee:
Take a salary advance loan from your bank to start a business, when the business has footing, tender your resignation.

Lol...are you an ibo lady?
Re: Help! I Need To Meet N500m Deposit Target Before June 30 2015 by Nicepoker(m): 2:35pm On May 21, 2015
Slavery JOB. Resign b4 heart attack kills u o

1 Like

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