INTERCONTINENTAL BANK(IB PLC) HAS REDUCED SALARY BY 20% & ALSO CAN'T PAY UPFRONT SINCE JUNE BEGINNING. THE BANK HAS OVER TRADED THE STOCK MARKET AND AS SUCH CAN'T PAY UPFRONT DESPITE POSTING N45 BILLION PBT AND HAVING DEPOSIT BASE OF N1.07 TRILLION. WHAT DOES THIS PORTEND FOR THE BANKING INDUSTRY?I DOUBT IF CBN IS AWARE.WITH A MANAGED SHARE PRICE OF N43 AND FINAL DIVIDEND OF 45KOBO, INVESTORS AND DEPOSITORS/CUSTOMERS ALIKE SHOULD BE ON RED ALERT.IT IS LEFT FOR YOU ALL TO DECIDE.

konti:

this guy are u an intercontinental bank staff? abeg no talk wetin u no sabi. abi u dey work for one of these roadside banks. better be guided.

Why don't you tell us if it's true or not. Intercontinental bank is very lousy with lousy financial statement. and inter is not the only one in this boat, Zenith, pHb are also in deep financial crisis. I'll be surprise if they don't start cutting jobs soon. when an organization starts by cutting salary it shows that they are struggling to stay afloat. Most of these banks are overhyped, oversold without a strong national economy to back their success up. BE ON ALERT FELLAS.

I hope customers money in their bank will not be tempered with?

kufreabasi:

I hope customers money in their bank will not be tempered with?

million-dollar question. but seriously, all these s0-called 'superbanks'. hmm. i dont trust any organisation owned by naija pple, run by naija pple, 4 naija pple-we are just naturally crooked pple, sad to say. plus if ENRON could crash, anybody can crash. make una shine una eye!

Watch Out 4 PHB!!!! Coming Soon!!!

Available to all Customers!!!!

Pleeeease! Let's stop spreading a false gloomy picture
Don't think it's that bad

joomiegal:

million-dollar question. but seriously, all these s0-called 'superbanks'. hmm. i don't trust any organisation owned by naija people, run by naija people, 4 naija people-we are just naturally crooked people, sad to say. plus if ENRON could crash, anybody can crash. make una shine una eye!

l dont know why am replying this!!! would have made sense if ur location shows otherwise.

@Finecat

l think u have a personal grudge against nigerian banks

@poster
dont see why u shd post this at every section. lf u are not happy with the bank, move to another industry!!!!!!!!! its not by force to work!!!!



OUR BANKS ARE STRONG AND GETTING STRONGER.

lf u dont believe in them, abeg put ur money under the pillow/work in another industry!!!!!!!!!!!!!!!

MyPeace:


l don't know why am replying this!!! would have made sense if your location shows otherwise.

@Finecat

l think u have a personal grudge against nigerian banks



OUR BANKS ARE STRONG AND GETTING STRONGER.

No grudges at all, i just believe in honesty ! Nigerian companies are incapable of honesty. especially the banks. It seems to me that you work for one of the banks. there is nothing wrong with supporting your organization but please be honest with the situations. Most banks in Nigeria are strong in projections and in hopes. You and i know that the recapitalization thing was a fraud perpetrated by solude. The growth experienced by the banks are too rapid and too sudden. The only survival of any reputable business is steady and sustainable growth. How can a body stand without a backbone?? How can banks succeed when the economy is shambles?? Most of the populace are in abject poverty and these banks are posting bumper profit. i've warned many people about this last year and this is only a tip of the ice berg. Many banks will begin to show their true colors very soon.

l dont work with any bank. but l abeg to disagree with ur prophesy of doom. There maybe some loopholes, but not as u portend it. l do hope u dont have ur money with any bank.

cheers!