MARKETSMONEY MARKETTOP STORY

E- Banking income: GTB, Zenith, FBNH generate N29.6bn in six months

Following the Central Bank of Nigeria (CBN) Commission on Turnover reduction to N1 per mille on every N1000, Deposit Money Banks (DMBs) in the country have leverage on income generation using electronic banking.

For instance, Guaranty Trust Bank, Zenith Bank Plc and First Bank of Nigeria Holdings Plc generated a sum of N29.6 billion in the first six months of 2016.

According to Business247 News Online investigation, the above financial institutions recorded a growth of 106.33 per cent or N15.3 billion in six months of 2016 as against N14.4 billion generated in prior six months of 2015.

The GTBank announced N17.26 billion income generated through its electronic banking from N5.4 billion recorded in prior six months of 2015.

First Bank of Nigeria Holdings Plc’s E-banking related income stood at N10.35 billion in the first six months of 2016, 38 per cent above N7.5 billion generated in first six months of 2015.

Furthermore, Zenith Bank Plc generated N2 billion through its fees on electronic products in first six months of 2016 from N1.4 billion in prior six months of 2015.

Recall that the CBN in 2013 commenced phased reduction of CoT which terminated with zero CoT charge this year. But in a circular to banks early this year signed by Director, Financial Policy & Regulation Department,  Mr. Kevin Amugo,  the CBN replaced the CoT with CAT but subject to maximum of N1 per N1000 (mille).

The regulatory body policy’s on CoT has continued to erod banks fees and commission income, forcing banks to derived income generation through E-Banking income generation, Account services, maintenance and ancillary banking charges among others forms of fees and commission income generation.

The Managing Director/CEO, GTBank, Mr. Segun Agbaje recently said the bank has recorded tremendous growth rates in customer adoption of digital services. He said that GTBank would continue to be a bank of choice for digitally savvy customers.

He said, “Understanding that customers are always on the move; mobile banking puts us in the palm of our customers and provides a unique opportunity to offer quick and more efficient ways of providing banking services.

“Thus, we extended our mobile banking offering with the introduction of the 737 banking; a platform that allows customers transfer funds from, any bank in Nigeria, buy airtime, pay bills, link their BVN, and check account balances using their mobile devices.

“The 737 Banking platform provides us with an array of endless opportunities to partner with stakeholders, drive customers interactions and improve efficiency.”

 

52 thoughts on “E- Banking income: GTB, Zenith, FBNH generate N29.6bn in six months

  • I just want to tell you that I am just all new to blogging and certainly enjoyed you’re web site. Almost certainly I’m want to bookmark your site . You amazingly have tremendous articles. Many thanks for revealing your webpage.

  • I just want to say I am just new to blogging and absolutely loved your web site. Likely I’m likely to bookmark your blog post . You certainly have great articles. Kudos for sharing with us your webpage.

  • I simply want to tell you that I’m all new to blogs and seriously liked your blog site. Probably I’m likely to bookmark your blog . You really come with good article content. Many thanks for revealing your webpage.

  • I simply want to mention I am newbie to blogging and actually enjoyed you’re web-site. Probably I’m going to bookmark your blog . You really have amazing articles. With thanks for sharing your web page.

  • I just want to say I am beginner to weblog and absolutely loved this blog site. More than likely I’m want to bookmark your site . You amazingly come with great posts. Many thanks for sharing your web-site.

  • I simply want to say I am beginner to blogs and truly savored this blog. Most likely I’m want to bookmark your website . You absolutely come with very good articles and reviews. Many thanks for sharing with us your website.

  • I simply want to tell you that I am beginner to blogging and site-building and definitely savored your web blog. More than likely I’m want to bookmark your blog . You definitely come with beneficial articles and reviews. Regards for sharing with us your web-site.

  • I simply want to tell you that I am beginner to blogs and actually loved this blog. More than likely I’m going to bookmark your blog . You amazingly come with terrific stories. With thanks for sharing your web page.

  • I have witnessed that costs for online degree experts tend to be a fantastic value. For instance a full Bachelor’s Degree in Communication from The University of Phoenix Online consists of Sixty credits with $515/credit or $30,900. Also American Intercontinental University Online provides a Bachelors of Business Administration with a whole program requirement of 180 units and a cost of $30,560. Online learning has made getting your education far more easy because you can certainly earn your degree in the comfort of your house and when you finish from work. Thanks for all other tips I’ve learned through your website.

  • Hi there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Thanks!

  • fantastic publish, very informative. I wonder why the opposite specialists of this sector do not understand this. You should continue your writing. I am sure, you’ve a huge readers’ base already!

  • Wow in actual fact a great post. I like this.I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him. Overall, Lots of great information and inspiration, both of which we all need!

  • 9/24/2016 business247ng.com does it again! Very perceptive site and a thought-provoking post. Thanks!

  • Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.

  • I’m not sure where you’re getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for fantastic info I was looking for this information for my mission.|

  • Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.

  • If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.

  • Call USA/Canada>>>toll free 1844***722{{{6675—-)))Quickbooks support number,Quickbooks telephone number for support …………..1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ 1-844-722-6675((((Quickbooks tech Support phone number @ LOVE DOSE Quickbooks Phone Number))))1-844-722-6675((((Quickbooks customer Support phone number @@Call 1-844-722-6675 for all type help by Quickbooks tech support phone number, 1844-722-6675 Intuit Quickbooks Tech Support Phone Number, 1844-722-6675 Quickbooks Help Desk Phone Number, 1844-722-6675 Quickbooks tech support number, Quickbooks technical support phone number,@@ 1844-722-6675 @ Quickbooks phone number, 1844-722-6675 Quickbooks technical support number, 1844-722-6675 Quickbooks support phone number, 1844-722-6675 Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number,@@@@ Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, @@@@@ Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number It is very popular toll free number which vide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number, Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks support phone number, Quickbooks support phone number Quickbooks customer support phone number Quickbooks Support Helpline Number, Quickbooks contact number Quickbooks tech support phone number Quickbooks support team phone number Quickbooks contact number 1844-722-6675 Quickbooks technical help telephone number, Quickbooks technical help contact number, Quickbooks technical support contact number, Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone number, Quickbooks 24 hour contact number, Quickbooks customer support contact number, Quickbooks customer service contact number, Quickbooks official number, Quickbooks official contact number, Quickbooks 844 contact number, Quickbooks toll free number, 844 number for Quickbooks support, Quickbooks 24/7 support phone number Quickbooks support phone number,Quickbooks support phone number,Quickbooks help phone number, Quickbooks technical support numberQuickbooks support number, Quickbooks phone number, Quickbooks tech support number, Quickbooks customer support number, Quickbooks customer support phone number, Quickbooks customer service phone number, Quickbooks customer service phone number, Quickbooks support phone number Help@Call1-844-722-6675/Quickbooks 24/7 support phone number,Quickbooks telephone number for support? call 1844-722-6675@/Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone numbertelephone number for Quickbooks online support,Quickbooks official support number,Quickbooks official number,Quickbooks official phone number,phone number for Quickbooks supportQuickbooks 24/7 support phone numberQuickbooks support number,Quickbooks telephone number for support Quickbooks phone number,(1-844-722-6675)// Quickbooks customer care number Quickbooks Toll Free, Intuit@(1-844434-0118)@- Quickbooks Technical Support Number Quickbooks help desk phone number vides online solution for all USA/CANADA clients For any help of query call 1 844 434 0118 to get all Quickbooks account solution For any help of query call 1 844 434 0118 to get all Quickbooks account solution @@Call 1-844-722-6675 for all type help by Quickbooks support telephone number,Quickbooks support phone number,Quickbooks support phone number,Quickbooks help phone number, technical support numberQuickbooks support number, Quickbooks phone number, Quickbooks tech support number, Quickbooks customer support number, Quickbooks customer support phone number, Quickbooks customer service phone number, Quickbooks customer service phone number, Quickbooks support phone number Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks help desk phone number Call, @(1-844-722-6675)@- It is very popular toll free number which vide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number Call,@(1-844-722-6675)@-Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks support phone number, Quickbooks support phone number Quickbooks customer support phone number for all type help by Quickbooks support telephone number, Quickbooks help phone number, Quickbooks technical support numberQuickbooks support number, Quickbooks phone number, Quickbooks tech support number, Quickbooks customer support number, Quickbooks customer support phone number, Quickbooks customer service phone number, Quickbooks customer service phone number.

  • 9/27/2016 I’m pleased with the way that business247ng.com handles this kind of subject matter. Usually to the point, often contentious, consistently well-researched and more often than not quite stimulating.

  • Wow! Thank you! I continually wanted to write on my site something like that. Can I take a portion of your post to my site?

  • 9/28/2016 business247ng.com does it again! Quite a perceptive site and a good post. Keep up the good work!

  • business247ng.com does it yet again! Quite a informative site and a good article. Thanks!

  • 9/30/2016 In my view, business247ng.com does a excellent job of covering topics of this kind! Even if sometimes intentionally polemic, the material posted is in the main well-written and challenging.

  • Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office

  • I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas

  • 10/2/2016 @ 11:16:20 Appreciate the site– extremely easy to navigate and much to explore!

  • I’m pleased with the way that business247ng.com handles this sort of subject matter. Generally on point, often polemic, consistently thoughtful and also challenging.

  • Hiya! You some kind of professional website hosting? Great message. Are you able to tell me learn how to subscribe your blog?

  • Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated

  • 10/5/2016 I’m pleased by the manner in which business247ng.com handles this sort of subject matter. Usually to the point, often controversial, consistently well-researched and more often than not quite stimulating.

  • Heya i’m for the first time here. I found this board and I in finding It truly useful & it helped me out a lot. I’m hoping to offer something again and help others such as you helped me.

  • Soon after study a number of of the weblog posts in your site now, and I truly like your way of blogging. I bookmarked it to my bookmark web-site list and might be checking back soon. Pls take a look at my website as well and let me know what you feel.

  • Interesting, I wonder what the statistics are on your first point there on homedecorated

  • I’m gratified with the way that business247ng.com handles this type of topic. Generally on point, sometimes controversial, consistently well-researched and challenging.

  • Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.

  • 10/12/2016 I’m gratified with the way that business247ng.com deals with this type of issue. Usually on point, often polemic, always thoughtful and more often than not quite thought-provoking.

  • QuickBooks Enterprise Technical Support Phone Number Canada >>>>>>>>>>>>>>>> 1-844-722-6675 , 1.844<722<6675=@= QuiCKbOOksSupport Phone NumBER!@!!1-844-722-6675 @@! Quickbooks SuPpoRT 1-844-722-6675 QUickBOokS SupPORT PHonE NumbER USA!JEETôßPppu? 1 844 722 6675 Quickbooks SuPpoRT PhoNENumber..,O»G!!!!??ô US 1-844-722-6675 quickbooks help TELEPhoNE Number..,, !!!!??ôquickbooks help Number..,, !!!!??ôquickbooks SuPpoRT Number..,, quickbooks Number..,, quickbooks PhoNE Number..,, quickbooks TELEPhoNENumber.. 1-844-722-6675 ,, quickbooks 24 hourNumber..,, quickbooks customer SuPpoRT Number..,, QuickBooks tech SuPpoRTPhoNEnumber, Intuit QuickBooks Tech SuPpoRT PhoNE Number, QuickBooks Help Desk PhoNE Number, QuickBooks SuPpoRT number, QUickBOokS SupPORT PHonE NumbER, QuickBooks1-844-722-6675 PhoNEnumber, QuickBooks 1-844-722-6675 SuPpoRT number, QUickBOokS SupPORT/quickbooks-technical-support-number-1-844-722-6675- PHonENumbER. It is very popular toll free number which vide by QuickBooks SuPpoRT, QuickBooks Customer PhoNE Number, QuickBooks CustomerNumber, 1-844-722-6675 QuickBooks CustomerSuPpoRT PhoNE Number, QuickBooks Customer SuPpoRT Number,

  • An additional issue is that video gaming became one of the all-time largest forms of recreation for people of nearly every age. Kids engage in video games, plus adults do, too. The actual XBox 360 is just about the favorite gaming systems for individuals that love to have a huge variety of games available to them, and also who like to relax and play live with some others all over the world. Many thanks for sharing your opinions.

  • you could have a fantastic blog here! would you prefer to make some invite posts on my blog?

  • When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove people from that service? Thank you!

  • Kudos for the great blog you’ve set up at business247ng.com. Your enthusiasm is certainly inspiring. Thanks again!

  • Definitely, what a fantastic website and educative posts, I surely will bookmark your website.Best Regards!

  • 10/22/2016 business247ng.com does it again! Quite a interesting site and a thought-provoking post. Keep up the good work!

  • download film terbaru sub indo has diamond like clarity and also in order for this to be striking you must use both that and.

  • 10/25/2016 In my view, business247ng.com does a great job of handling subjects of this type! Even if sometimes intentionally polemic, the information is in the main thoughtful and stimulating.

  • Pingback: 4shared mp3

Comments are closed.