What Do Banks Do With Their huge Yearly Profits. - Business - Nairaland
Nairaland Forum › Nairaland General › Business › What Do Banks Do With Their huge Yearly Profits. (777 Views)
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| What Do Banks Do With Their huge Yearly Profits. by thebestprice(op): 1:55pm On Jul 02, 2017 |
i have been pondering on how Nigerian Banks spend their huge yearly profits. so i decided to ask the House. mynd44 , lalasticlala |
| Re: What Do Banks Do With Their huge Yearly Profits. by dingbang(m): 2:04pm On Jul 02, 2017 |
If I ask you how you spend your salary in details, would you give me a honest answer? 1 Like |
| Re: What Do Banks Do With Their huge Yearly Profits. by kilojoDesigns: 2:30pm On Jul 02, 2017 |
thebestprice:banks are usually publicly traded. so many people have shares in it. which means many are entitled to a percentage of the profit. so here's a few I can list for you 1. they pay dividends to shareholders (optional) 2. they pay a percentage to account holders, all depending on the type of account and the amount within 3. they pay investors 4. they reinvest, giving out loans etc. 5. they expand their banks by increasing branches, upgrading or acquiring new technology to keep customers happy. also buy advertisement to stay relevant 6. they trade on the stock market and forex etc. 4 Likes |
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