Author Topic: Intrest rates (Read 6129 times)

Eric · « **Reply #10 on:** January 18, 2009, 20:47:16 PM »

The current trend cannot continue. Lending rate is 13%, investment rate is 20%. Therefore if you borrow 1000 ytl over 1 year you pay back 1130 ytl. If you invest the 1000 ytl you have borrowed over the year you get back 1200 ytl. Pay back what you have borrowed and you make a profit of 70 ytl. In other words the bank makes a loss of 70 ytl. Multiply this up to whatever figure you like, the banks make a loss. How long can this continue? I forsee a big reduction in investment rates before long.

No I am not a banker but I can do simple maths.

number2 · « **Reply #11 on:** January 18, 2009, 21:24:40 PM »

I went in Yapikredi for my interest on friday, it has now dropped to 15%, and as far as i know it is still only a 50,000ytl guarantee, when was it increased, and when was it publicly stated. Alan

wickwilly · « **Reply #12 on:** January 19, 2009, 06:19:39 AM »

It is still only 50000 Guarantee. The 100000 was not approved by parliament.

WW

banker · « **Reply #13 on:** January 19, 2009, 08:38:50 AM »

The guarantee is still 50.000 ytl per person. And %20 is really impossible today but %13 and %15 are really low.

saoirse · « **Reply #14 on:** January 19, 2009, 10:01:03 AM »

banker for say 100000 tl whats the best rate you could offer?

banker · « **Reply #15 on:** January 19, 2009, 12:32:08 PM »

I can offer you %16.5 for now.

kevin b · « **Reply #16 on:** January 19, 2009, 15:09:50 PM »

quote:
Originally posted by banker

The guarantee is still 50.000 ytl per person. And %20 is really impossible today but %13 and %15 are really low.

Why is rate suddenly low Alper

banker · « **Reply #17 on:** January 19, 2009, 15:32:04 PM »

Central bank took %2 down because of international markets position.
I think this will go down for next two month too. This is a good idea to make your interest accounts as long as you can like 50-60 days.

If you need any help please do not hesitate to send an email.

peecee · « **Reply #18 on:** January 20, 2009, 16:35:56 PM »

Banker, do you think the rates are going to continue to fall?

tinkerman · « **Reply #19 on:** January 20, 2009, 16:57:42 PM »

They will fall for the next couple of months.

Author Topic: Intrest rates (Read 6129 times)

Share me