pocohantas:


You guys shouldn't give me headache na. Please read a post and understand. Yes, bankers love deposits, but deposits without transactions is nothing!

If you had read further, you will see where I said, deposit is good to trade and avoid pool borrowing. So, yes, money for risk assets comes from deposits. But deposit isn't the all and all of any branch.

You deposit money, they pay you interest. The customer is even the one gaining. So how exactly do you get back from this customer? Because banks are there to make money.

What is the core function or definition of banking? How do banks make money? Deposits? NO!

How much does deposit itself reflect on the PBT/revenue of a branch?

pocohantas:


So, once a branch has huge deposit, it makes profit? Nice to know that...

olujaidi:


Compounding/reinvesting your interest via NTB or other opportunities consistently

GonFreecss1:


You are the one not reading what others are saying. Go and read a banks financial statement.

GonFreecss1:


You can quote me on this, currently majority of Nigerian banks make money from Tbills, so FD will surely help to create more funds to do Tbills.

GonFreecss1:


Yep!

Basically. That is why your CBN governor was complaining last year about banks investing too much in Tbills instead of lending to businesses that need money.

I will advise many of you here to try and read financial statements and understand the fine prints before basing arguments on what you think you know Instead of what is facts.

phunix:
please could someone with handy information help us with FBN state of things as regard May 16 bidding on Tbills.
Thanks.

Odionastron:


Thanks sir,
But please I have more questions.

1. How do I compound/reinvest my interest? Buy another treasury bill with it?
2. And what other opportunities exists other than treasury bills?
Whatever you can do that will return a profit
Thanks

Nichee:
On most bank TB form there is always a section on the form asking you wether you want to invest your earned interest or Not. So what you do is to check/tick the options as applicable.

For your second question there are other investments like Bond, MMF, Stocks and FD. Due deligence is advised,

quote author=olujaidi post=78469378]

I just came back from GTB. I requested for T. bill but was told non is available for now till next two weeks. I gently went to make enquiry on F.deposit and I was told that my earnings per annum is 4.5%.

I migrated from GTB to FCMB and was told they only accept 300k and above for FD.

Because of my quest for a better offer, I requested for TB but was told that primary bill is not available while that of Secondary is. I requested for the percentage in involved on the secondary bill but was told that he need to forward a mail first with the amount i intend to bid in order to ascertain how many percent available in the market.

Now, my question is , what is the difference between primary/secondary bill, advantage and risk factors one may likely encounter in embarking on the investment. Help me answer this question please

Nichee:
I don't think first bank took part in last auction. The lady I met said they did not recive any advise from their Hq...... But I was able to get a secondary offer of 12.15% for 322days

Nichee:
1.Primary rate is relatively higher than Secondary rate.

2,Primary always comes with 3tenor 91days,182dys & 364 days while secondary do have a flexible tenor depending on availability.

3.Primary tb auction is done fortnightly by cbn while Secondary is done by banks anytime based on availability..

TB is backed by FG... And layman meaning of TB is you are borrowing govt money so the only risk I can think of is default on the part of govt. Or God forbid War. Or if the country disintegrate. Others can contribute.

Thank you
God bless you.
Do you suggest I should wait for primary TB at the end of the month because of percentage interest attached to it or I should out in to secondary TB offered by FCMB.
THANKS A LOT

pocohantas:



I will make this very brief, so you don't quote me with another diatribe. Do banks need deposits? Yes. I said it up there, they trade with deposits, which I believe covers the Tbills you all have been on about. Do "branches" rely solely on deposits to make profit? No.
I hope this doesn't fly over your head, Mr Financial Statement.

GonFreecss1:



Lol! Because we put the heat on you, you changed the statement to rely solely on deposits. Just admit you were wrong stop trying to save face by substituting words to create a lesser impact to your former argument.

And finally, what is this about branches you keep talking about? Lol! You can't separate the branches from the bank, branches make the bank.

Don't let your own logic fly over your own head, before you try to imply said logic is flying over mine. Thank you.

pocohantas:


Let me ask again, what exactly is your point,
Mr Financial Statement?

Lol, dude, I wasn't wrong. I stand by my point. You can go drink sniper if it hurts that much.

Nichee:
1.Primary rate is relatively higher than Secondary rate.

2,Primary always comes with 3tenor 91days,182dys & 364 days while secondary do have a flexible tenor depending on availability.

3.Primary tb auction is done fortnightly by cbn while Secondary is done by banks anytime based on availability..

TB is backed by FG... And layman meaning of TB is you are borrowing govt money so the only risk I can think of is default on the part of govt. Or God forbid War. Or if the country disintegrate. Others can contribute.

Thank you

GonFreecss1:


If you can't see my point, then good for you.

I wish you drink lots of your favorite drink though, sniper is kinda toxic, I am sorry I can't find it in my heart to tell you to drink that.

I also apologize if you feel I came after you, well I basically came after your point. We can always disagree and still be friends.

Happy weekend in Advance.

pocohantas:


I am yet to see your point.

Stick your apology in your pee-hole.
Thank you

GonFreecss1:


Lol! And you win!

Congratulations.

pocohantas:


Lol, you probably thought you were in a competition. I didn't even step into the ring...

GonFreecss1:


If you can't see my point, then good for you.

I wish you drink lots of your favorite drink though, sniper is kinda toxic, I am sorry I can't find it in my heart to tell you to drink that.

I also apologize if you feel I came after you, well I basically came after your point. We can always disagree and still be friends.

Happy weekend in Advance.

Barrytone:


what are you feeling like now?

Nichee:
I don't think first bank took part in last auction. The lady I met said they did not recive any advise from their Hq...... But I was able to get a secondary offer of 12.15% for 322days

Breadfruit:
I submitted for the primary market in GTB. I am yet to be debited and they said I'd be debited Thursday evening/Friday morning....

brandable:



Common sir, you're not fit for this, to be dragging issues with that lady. If you had gone through most of her post you would have seen that she looks for trouble in any thread she goes to, then you would have ignored just like how aremso has done. Biko let it pass. Thanks

GonFreecss1:


My brother. I never even intended to drag any issue o. Just the points being made was what I came after.

In my own lane I am happy with the logic of my argument, other than that, life goes on. Thank you.

pocohantas:


But I wasn't fighting with him na. I only replied in the same uncouth tone he started with...

Pharmtj:
you too like fight abeg

pocohantas:


But I wasn't fighting with him na. I only replied in the same uncouth tone he started with...

Nichee:
What rate and tenor did fcmb offered you?