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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by pocohantas(f): 5:50pm On May 15, 2019 |
Acidosis: But tbh, deposit is nothing in the long run. It helps, but it doesn't really impact on the bank's revenue. What banks love is risk assets or transactions that bring quick money. Like dorm transfers and all. What is deposit? Deposit is just to avoid pool borrowing and probably trade. It doesn't pay salary... |
Re: Treasury Bills In Nigeria by Acidosis(m): 6:07pm On May 15, 2019 |
igbizen: You're a big man na. I don't use the regular deposit money banks for FDs so I'm probably wrong with my generalisation. You pay Witholding Tax (WHT) of 10%? |
Re: Treasury Bills In Nigeria by Acidosis(m): 6:10pm On May 15, 2019 |
pocohantas: You're right o, without even mentioning account maintenance charges, USSD and other DIY charges. Banks make money through several channels. How banks like Diamond, Skye etc. failed is still beyond my understanding. I can't manage that business and fail. 1 Like |
Re: Treasury Bills In Nigeria by Jejebabaa: 6:31pm On May 15, 2019 |
Any update on today's primary markets auction results ? |
Re: Treasury Bills In Nigeria by pocohantas(f): 6:38pm On May 15, 2019 |
Acidosis: Lol, don't be so sure o. Managing a branch or even unit isn't easy. Let alone the whole bank. Anyway, DB was a case of very poor and inexperienced management. 2 Likes |
Re: Treasury Bills In Nigeria by cy4cent(f): 6:52pm On May 15, 2019 |
freeman67: Thanks for the input. I'm not in Nigeria, if I were i would have gone to the bank, do the TBills, and request another account officer before her very eyes. Waiting for her to help me get a new ATM card, before I tell her I'm insisting on TBills. If I tell her before she gets it, she may backpedal. |
Re: Treasury Bills In Nigeria by swatt44(m): 1:52am On May 16, 2019 |
The Tbill ,can I get it for N50k |
Re: Treasury Bills In Nigeria by Onboard1: 3:56am On May 16, 2019 |
cy4cent: The strategy I normally used on my account officer is "TIP". I give him tip after every successful TB. With that, he is always willing to help. So even if she (your acct officer) hesitates or becomes unfriendly but finally did it, find her something and she will become loyal. |
Re: Treasury Bills In Nigeria by temple2grace: 5:58am On May 16, 2019 |
Please does anyone have the result of the auction held yesterday? Kindly assist us with the info please. |
Re: Treasury Bills In Nigeria by freeman67: 6:24am On May 16, 2019 |
cy4cent: Eiya... Sorry but I believe if you can get your banks general customer service(Diaspora Banking contact) contact. Its just to either mail or call them that all. |
Re: Treasury Bills In Nigeria by cy4cent(f): 7:13am On May 16, 2019 |
Onboard1: Makes mad sense thanks for chiming in, will definitely grease her palm with something when I do the TBills. |
Re: Treasury Bills In Nigeria by cy4cent(f): 7:20am On May 16, 2019 |
freeman67: Thanks for the suggestion, you guys are life savers.� 1 Like |
Re: Treasury Bills In Nigeria by MCeemajesty(m): 9:02am On May 16, 2019 |
Auction Result 15/05/2019 (91-Day) - 10.0000% (182-Day) - 12.3000% (364-Day) - 12.4900% |
Re: Treasury Bills In Nigeria by aremso(m): 9:02am On May 16, 2019 |
pocohantas: i disagreed with the bolded, check the financials of the banks especially the FUGAZ, about 30-40% of their revenue were from TB and where do they get money for investment in TB if not deposits? 3 Likes |
Re: Treasury Bills In Nigeria by pocohantas(f): 9:38am On May 16, 2019 |
aremso: Follow the message trail... |
Re: Treasury Bills In Nigeria by Nobody: 9:40am On May 16, 2019 |
MCeemajesty: |
Re: Treasury Bills In Nigeria by bozz007(m): 9:42am On May 16, 2019 |
pocohantas: Trust me, what bankers love most is deposit. If there is no deposit, where will the money for risk assets come from? If there is no deposit, which funds will customer want to transfer? 3 Likes |
Re: Treasury Bills In Nigeria by bozz007(m): 9:43am On May 16, 2019 |
Acidosis: Bad loans killed them |
Re: Treasury Bills In Nigeria by pocohantas(f): 9:46am On May 16, 2019 |
bozz007: 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? |
Re: Treasury Bills In Nigeria by Nobody: 9:54am On May 16, 2019 |
Yes i did Sholapey: |
Re: Treasury Bills In Nigeria by bozz007(m): 10:06am On May 16, 2019 |
pocohantas: Okay, I’ve heard you. It’s not fight. |
Re: Treasury Bills In Nigeria by pocohantas(f): 10:08am On May 16, 2019 |
bozz007: Lmao, I am not fighting with you. I even had to edit my post to be more subtle. |
Re: Treasury Bills In Nigeria by bozz007(m): 10:20am On May 16, 2019 |
pocohantas: Your tone seemed like you wanted to fight o. I wasn’t saying Banks don’t earn income from other transactions. What I meant was that deposits LET you do the other transactions. So, yes deposits are the most important for any Bank. You are right that they won’t earn anything if they just sit on the deposits but if the deposits are not there, how do the fees from transactions come in? That’s why they give huge targets for deposits because they know once the monies come in, other income lines will naturally flow through. 6 Likes |
Re: Treasury Bills In Nigeria by pocohantas(f): 10:33am On May 16, 2019 |
bozz007: They can always borrow from the pool. Targets are just targets. How many percentage of an RM's KPI is this deposit target? How many percentage is PBT/revenue/risk assets...etc? There are branches with poor deposit, plenty transactions and they do fine. Plenty deposit, poor transaction = loss making branch. Other income lines do not flow in naturally. It isn't easy to get people to take loans. With high interest rates? It doesn't come naturally at all. The highest you might get is all these petty commissions and fees. The Head Office just wants to build their deposit base and trade with those monies. While the branches struggle to meet up. Do deposits itself reflect on a branch's PBT/revenue? I have never seen, maybe I haven't been looking right. Branches that do well are transaction branches, not deposit branches. I made my first post because, customers think once they deposit money...banks are home and dry. |
Re: Treasury Bills In Nigeria by Acidosis(m): 10:42am On May 16, 2019 |
pocohantas: You're both right. Deposits these days are a form of transaction. An example is mobile and internet transfer. Also remember that a customer without deposits can rarely make any reasonable transaction. You need deposit to buy airtime, use ATM services, etc. These little and somewhat 'insignificant' services, are very important. The fact that banks want you to leave your money in a savings account or FD rather than TBills (which is also a form of transaction) shows the extent of importance they attach to your deposit (idle money). Remember, they make some money from TBill transactions yet discourage customers from investing in TBills. |
Re: Treasury Bills In Nigeria by pocohantas(f): 10:57am On May 16, 2019 |
Acidosis: Tbills isn't "transaction" to a bank. It is an outsourced transaction, so it is a useless transaction. If a branch isn't making profit or trying to cut cost, they won't even be interested in your FD, because it would eat deep into their books. That said, I wasn't talking on individual base, but at a branch level. Banking is financial intermediation. If I collect 100m from someone that has too much, I can give an OD to someone that doesn't have. I collect my fees upfront, transaction is done. I am not interested in pay-in today, transfer tomorrow customers. They are important, but they are not my target in this discourse. Is Deposit important? Yes. Does a branch thrive on just deposits? No That is my point. |
Re: Treasury Bills In Nigeria by bozz007(m): 11:06am On May 16, 2019 |
pocohantas: If you are speaking from the head office perspective, the pool you are talking about come from deposits. If you look at the balance sheets of banks, their loan to deposit ratios hover between 40 and 50%. Why? Most times, you don’t need to beg customers that deposited money with you to do transactions like transfers, e-banking and rest of them compared to trying to get them to deposit the funds with you. While a branch can make some money doing transactions, the most profitable are the ones with biggest deposits. You can easily earn pool income on those deposits if you don’t have plenty transactions. It’s no coincidence that the biggest banks are banks with the largest deposits. Have you or do you work in a Bank? |
Re: Treasury Bills In Nigeria by pocohantas(f): 11:08am On May 16, 2019 |
bozz007: So, once a branch has huge deposit, it makes profit? Nice to know that... |
Re: Treasury Bills In Nigeria by bozz007(m): 11:10am On May 16, 2019 |
pocohantas: Yes, a branch won’t make as much money on only deposits. But a branch with deposits has more chances of making more profit than a branch without. |
Re: Treasury Bills In Nigeria by pocohantas(f): 11:11am On May 16, 2019 |
bozz007: How exactly will they do this? |
Re: Treasury Bills In Nigeria by Acidosis(m): 11:15am On May 16, 2019 |
pocohantas: Unfortunately, you cant tell a customer when and how to withdraw his money I understand your view though. You believe a bank should prioritize quality over quantity; profitability over market share, or rather banks should seek after market share but not at the expense of profitability. |
Re: Treasury Bills In Nigeria by pocohantas(f): 11:19am On May 16, 2019 |
Acidosis: I have never had a problem with a customer withdrawing his money... but I love customers that yield good profit. They are the real MVPs. That is it. |
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