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Nairaland Forum / Nairaland / General / Business / Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria (27069 Views)
Adesola Adeduntan: CBN Queries First Bank As CEO Is ‘Purportedly Forced Out" / Lagosians Struggle To Enter FCMB Bank As Lockdown Eases (Video) / Zenith Bank Becomes Nigeria’s Largest Bank By Customer Deposit (2) (3) (4)
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Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by cstr1000: 12:57pm On Aug 27, 2017 |
Agbor man. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 1:07pm On Aug 27, 2017 |
tall2ce:cant compare those firms with bank. D bank makes billions |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by joinnow: 1:08pm On Aug 27, 2017 |
The way liability dey pursue asset. Is seriously serious One bank don enter egbesse self |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 1:57pm On Aug 27, 2017 |
Narldon:narldon talk to me, lets make reconcile again |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by voicelez: 2:07pm On Aug 27, 2017 |
Franco93: nice write up. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by chibuzorAbia: 2:49pm On Aug 27, 2017 |
Keneking: Spot on Bro, spot on. 1 Like 1 Share |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Celcius: 2:56pm On Aug 27, 2017 |
r2beez: OreoPaschal: That is likely a typographical error. I believe its trillion(s). Even some frugal bank managers can have 1 billion in their cabal/liability. Bankers know what I mean. Don't forget Stanbic IBTC is an international bank and one of the best PFA in Nigeria. They have more liability(deposit) because they have few structures and the likes. Don't forget, bank count these stated liabilities as assets, because they are used to give loans, investments, etc. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by rodeo0070(m): 3:14pm On Aug 27, 2017 |
dumo1: Ecobank Transnational Incorporated 1 Like |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by rodeo0070(m): 3:18pm On Aug 27, 2017 |
Xtopherprince: LOL. It simply means a group of companies offering financial services with operations beyond the country (Pan African Spread and other subsidiaries). These were factored in the total asset base calculations. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Yazmin: 3:22pm On Aug 27, 2017 |
OreoPaschal: Hi. it obviously a mix up, but even if correct , shows a good rather than bad scenario for customers and the bank alike. what it simply shows is liabilities (deposits from customers) versus it's assets (loans/placements/non earning ownings/BA's, CP's , TBILLS. ..et.c.). Even if the figures were correct (which they are not), it means that stanbic bank has collected deposits from customers to the tune of N912.7billion (liabilities) and that the value of loans to customers,plus all its buildings worth, plus placecents in t bills,Bankers acceptances , commercial papers, funds with CBN all total up to 1Bn (obviously wrong figure). I know of a single customer of the bank whose loan figure is over N4billion. But following your conclusion above,it would be rated the best bank since customers are sure that their monies deposited are still intact and not given out to anyone as loans which may become bad and thus make them unable to access their funds when need. it doesn't work as such however. Net-worth considers Capital ( shareholders equity and other capital tiers), which is not even mentioned on the post. Thus no meaningful analysis can be made from the snapshot above. Stanbic is a sound bank in all ramifications and from the view of any sound financial analyst. You may ask any treasury management banker or any banker with at least 3 years experience on customer relationship for detailed explanations of financial analysis. Yours faithfuly could also answer more questions you may wish to ask or clarifications. Shallom. ..! 1 Like |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nmanuanu(f): 3:27pm On Aug 27, 2017 |
blackaxe78: |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 3:29pm On Aug 27, 2017 |
rodeo0070:OK. thank you for the reply. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Chukazu: 4:18pm On Aug 27, 2017 |
How are we sure Emefiele is not favoring his former employer with government money? |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lebete3000: 5:42pm On Aug 27, 2017 |
kittykollinxx: Why do you say so cos I'm about switching from Gtbank to Ecobank oh. Please advise me appropriately. I also have a First, Access and Stanbic Bank account tho. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lebete3000: 5:48pm On Aug 27, 2017 |
lonelydora: Please what about GTBank? |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lebete3000: 5:52pm On Aug 27, 2017 |
OreoPaschal: Onigbese bank....no wonder they're always so 9ice to me whenever I come therr. Even their MD dey follow me talk for one of their branches I come dey feel like 50cent. Thank God sey I no get any money for their akant. Wayo fifu. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lebete3000: 5:55pm On Aug 27, 2017 |
daywalker12911: So says their customer care |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lebete3000: 6:02pm On Aug 27, 2017 |
majekdom2: Gtbank charges too. I guess all banks do the same. It's a norm. Just that the rate may be different across board. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by lebete3000: 6:04pm On Aug 27, 2017 |
Chibuking81: I've got my Zenith, First, GTB, Access bank accounts representing here. Only my Stanbic bank akant dey Bleep up. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by DonDiego(m): 6:36pm On Aug 27, 2017 |
rychard: Poor excuse. Two former FBN MDs Joseph Sanusi and Lamido Sanusi were former CBN governors too. The truth is that the fraud in First Bank by many of its executive and non executive directors over the years has hobbled it. That is one of the reasons why the bulk of the bank's profits today go into provisioning for huge non performing loans granted to many of these fraudulent directors and their companies. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Themandator: 8:16pm On Aug 27, 2017 |
kittykollinxx: The liabilities of the banks should worry anyone..... None of them has a network of 1billiin naira |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by WALEXYY(m): 8:41pm On Aug 27, 2017 |
holysainbj: I tire o! |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by OreoPaschal(m): 8:56pm On Aug 27, 2017 |
Yazmin:Can i have your whatsapp contact?... I will need to discuss privately with you. I am anticipating, Thank you. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Franchise21(m): 10:32pm On Aug 27, 2017 |
OreoPaschal:I think it was a mistake. They meant to type 1trillion |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 11:47pm On Aug 27, 2017 |
Narldon:since u refuse chating me hoping i dnt knw u let alone ur birthdate, ok buh i knw u and ur birthdate is 5th march. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by enpopa2(m): 3:57pm On Aug 28, 2017 |
kittykollinxx: Na your mumu pass. Try to build your own company and let's see how far you get. 1 Like |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Narldon: 4:37pm On Aug 28, 2017 |
canalily: All these Monitoring Spirits.. ISSORITE What is your E-mail Address? |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 5:29pm On Aug 28, 2017 |
Narldon:whch monitoring spirit |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Narldon: 5:32pm On Aug 28, 2017 |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by kellyjoesteve: 5:44pm On Aug 28, 2017 |
One of the best bank in Nigeria with clear picture for the future. Just love their insurance aspect so much. For your loan, insurance, job-Tips and business idea check my signature. |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 5:48pm On Aug 28, 2017 |
Narldon:did u sent it to my mail |
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Narldon: 5:56pm On Aug 28, 2017 |
Osemwegies And Okeys Own A Mobile Entertainment Business In Canada / See The Suggestion Someone Gave On Reducing The Overwhelming ATM Queues / $20billion Dollars Idle In Few Individual's Domiciliary Accounts-cbn
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