NewStats: 3,261,931 , 8,175,569 topics. Date: Saturday, 31 May 2025 at 05:38 AM 5k3z46

Agbor man.

tall2ce:

Some firms dey pay 37k sef some go give 25k sef. Lol

cant compare those firms with bank. D bank makes billions

The way liability dey pursue asset.
Is seriously serious
One bank don enter egbesse self

Narldon:






Since you know my Facebook profile...


Tell me my Birthdate...

narldon talk to me, lets make reconcile again

Franco93:
SHINA PETERS VS JIM OVIA

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Today, Zenith Bank is the largest bank in Nigeria, while Shina Peter might be ashamed to live in his house now.

This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it. On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children. Some people carrying iphone7 today, may not be aware that they are carrying their future.

When you are young, don't spend money. Invest it.
Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future.

Let's be wise.

nice write up.

Keneking:
Useless assets

Those block work and glasses abi.

Strong room
Bomb detector
CCTV
three floor building
Alucoband
Computers
Turnstile
air-conditioning units
Flowers
ATMs

Useless assets....nonsense asserts that they use to build balanced sheet nonsense

Spot on Bro, spot on.

r2beez:


Pls tell them

but all the same it's worrisome that their total asset stood at 1.0bn why their liability 923bn
How can dat be?
A=L+E

OreoPaschal:

Brotherly... deficits or deposits. it still does not change the fact that, their net-worth is in negative! The net-worth is what everyone will consider when assessing the viability or progress of this firm. . Give me a comprehensive conviction if i am wrong.

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.

dumo1:

Abeg which one be ETI again??

Ecobank Transnational Incorporated

Xtopherprince:


Speak English.......

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.

OreoPaschal:

Brotherly... deficits or deposits. it still does not change the fact that, their net-worth is in negative! The net-worth is what everyone will consider when assessing the viability or progress of this firm. . Give me a comprehensive conviction if i am wrong.

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, '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. ..!

blackaxe78:
Just imagine!


Standard Trust Bank, Savannah Bank, Societe Generale Bank and Afri Bank did not make the list

List is void!

rodeo0070:

Ecobank Transnational Incorporated

OK. thank you for the reply.

How are we sure Emefiele is not favoring his former employer with government money?

kittykollinxx:
first bank would overthrow zenith in no time. but ECO bank na mumu bank don't be decieved

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 tho.

lonelydora:
Whether good or bad, my money will remain with First Bank. Better to do business with bank that has stood the taste of time and with so many government s domiciled with them. No matter the politics, first bank can never be affected. Savannah bank comes to mind.

A slay queen can never cook better than a granny who has years of experience.

Please what about GTBank?

OreoPaschal:
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off.

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.

daywalker12911:

Stanbic IBTC is very stable. TheValues quoted are grossly inacurate

So says their customer care

majekdom2:
I use both banks and GTB and it is only first bank I have found frustrating. Excellent services by all of them but for the theft and fraud being committed by first bank. Why would I be charged for card maintenance fee when there are months I don't even transact with the . Obviously, they are loosing more customers. @ firstbank, If any of your team is viewing this thread, pls do something about that. Why would an be debited monthly for several charges even as there was no transaction on/with the that month.

Gtbank charges too. I guess all banks do the same. It's a norm. Just that the rate may be different across board.

Chibuking81:


https://www.thisdaylive.com/index.php/2017/07/04/zenith-fbn-gtbank-access-uba-diamond-among-top-1000-global-banks/

Zenith, FBN, GTbank, Access, UBA, Diamond among Top 1000 Global Banks
July 4, 201703041

Obinna Chima
Six Nigerian banks which included Zenith Plc, FirstBank Nigeria Limited, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc and Diamond Bank Plc were ranked among The Banker Magazine’s Top 25 Banks in Africa that was released last night, in the magazine’s 2017 1000 Global Banks’ ranking.

According to the ranking, Zenith Bank was placed first in Nigeria and 10th in Africa. The bank was also ranked as the 430th bank in the world.

Zenith Bank was closely followed by FirstBank as the second largest bank in Nigeria, 12th in Africa and 567th in the world. GTBank was ranked the third in Nigeria, 13th in Africa and 588th in the world.
Access Bank occupied the fourth position and was ranked 14th in Africa and 628th in the world, while UBA was placed fifth in Nigeria, 22nd in Africa and 832 in the global ranking.



Diamond Bank was ranked sixth in Nigeria, 24th in Africa and 881 in the world.

I've got my Zenith, First, GTB, Access bank s representing here.

Only my Stanbic bank akant dey Bleep up.

rychard:
When the current CBN governor used to be an MD of the Bank... Why not!!!

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.

kittykollinxx:
first bank would overthrow zenith in no time. but ECO bank na mumu bank don't be decieved

The liabilities of the banks should worry anyone..... None of them has a network of 1billiin naira

holysainbj:

Atimes read well and assimilate better.
Can't you see ETI? They are even more bankable than every other coporation up there. Even though it's their WA holdings that was listed.

I tire o!

Yazmin:


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, '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. ..!

Can i have your whatsapp ?... I will need to discuss privately with you. I am anticipating, Thank you.

OreoPaschal:
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off.

I think it was a mistake. They meant to type 1trillion

Narldon:








Since you know my Facebook profile...



Tell me my Birthdate...

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.

kittykollinxx:
first bank would overthrow zenith in no time. but ECO bank na mumu bank don't be decieved

Na your mumu . Try to build your own company and let's see how far you get.

canalily:
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.

All these Monitoring Spirits..


ISSORITE



What is your E-mail Address?

Narldon:

All these Monitoring Spirits..

ISSORITE


What is your E-mail Address?

whch monitoring spirit

canalily:
whch monitoring spirit

LoL



Reply my pm

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.

Narldon:


LoL


Reply my pm

did u sent it to my mail

canalily:
did u sent it to my mail

Yes sir