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Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, has presented 40-inch LED flat screen TV respectively to two of its loyal customers who emerged winners in the December/January 2016 draw of its on-going Happy Days Promo.
The presentation was done in Lagos yesterday by senior officials of the bank in collaboration with an executive official of the Consumer Protection Agency (CPC) Mr. Onifade Abideen to the two winners: Mrs. Nwagbo Anastasia and Mr. Segun Akinsola.
In an interview with our correspondent, Mrs. Nwagbo Anastasia who has been banking with the bank for four years said she was very happy to emerge as one of the lucky winners of the promo.
According to Anastasia, when she received a phone call that she won in the promo she first doubted it until the manager of her experience centre confirmed it to her.
Anastasia who trades in leather bags at Balogun Market, Lagos lauded the bank for the promo and promised to spread the good news to her colleagues in the market.
In the same vein, Mr. Akinsola who has been banking with the bank for just about a year said, when he was told that he won a 40-inch LED flat screen TV, he was skeptical of the information, until his account officer came to his place of work to confirm it.
He said he would continue to put more money as deposit with bank, preferably in a fixed deposit account.
The Heritage Bank team was led by Group Head, Market Intelligence and Analytics, Mrs. Cynthia Erigbouem; Group Head, Lagos Island, Tomi Oyesola; Experience Centre Manager, Allen Ikeja, Aderonke Famoroti; Aniekan Udiba, Experience Centre Manager, Heritage Bank and Team Lead, Market Strategy, Ifeanyi Mofunanya while Executive Officer of Consumer Protection Council (CPC) Mr. Onifade Abideen who is in charge of sales promotion witnessed the presentations.
Heritage Bank recently launched the six-month promo to reward customers who made N20, 000 deposits into its account on a monthly basis with a 42 –inch LED flat screen TV, a customer with N100, 000 deposit at the end of April will be qualified to win N1 million while a customer with N500, 000 deposit at the end of May will be qualified to win a brand new Toyota Corolla saloon car.
Two winners each emerged from across the six geo-political zones of the country: Abuja Group, Lagos Group, North Group, South East Group, South-South Group and South –West Group.
In the Abuja Group, where 64 customers qualified for the December draws, Uchenna Egbo and Adams Oshiomole Mohammed emerged as winners while in the January draws, with 58 qualifying customers, Awalite Adaobi Mmachukwu and Ekanem Idaye Grace Charles emerged as winners.
Obimma Osita Innocent and Nwagbo Nonye Anastasia won in the December draws in the Lagos Group while Asomugha Sunday Okwuchukwu win in the January 2017 draws.
In the North Group, Namadi Abba and Charity Ogbonna won in the December draws while Chinwendu Akamelu and Muyibat Abdulkarim were the winners in the group in January draws.
Okoro John Nwankwo and Emeghobo Ifeanyi Chigozie emerged winners of the 42-inch LED flat screen TV in the December edition while Obangwu Dorathy Ngozi and Ozoemenan Adagba James were the winners in the group for the month of January.
In South-South, Nmah Ihuoma Onwuka and Lynda Ijeoma Ukachike won in December 2016 draws while Akpan Bill Afia and Mary Effiong Thompson won in the January draws.
Makanjuola Segun Kayode and Aromolaran Mayowa Alade won the December 2016 draws while Christiana Adegbola and Babatunde Tayo Anthonia won the January 2017 draws. 
In a keynote address, Mrs. Adaeze Udensi, an Executive Director of the Bank had said the six-month promo was flagged off in December 2016 to celebrate existing and potential customers of the Bank.
She said customers of the Bank were expected to make deposits into their accounts to qualify them for monthly raffle draws, adding that any customer who was able to keep N100, 000 in its account at the end of April 2017 would qualify for a draw to win N1 million while at the end of the promo, (May 31) one lucky customer will win a brand new Toyota Corolla saloon car out of customers who have N500,000 and above as deposits.
The raffle draws were attended by other executive directors of the Bank namely: Messrs Niyi Adeseun (Abuja and North Bank) and Jude Monye (Enterprise Risk Management /Chief Risk Officer) as well as Mr. Joshua Nggada of the Consumer Protection Agency (CPC) and Seyi Oreagba of Lagos Lottery Board among others.

BUSINESS

Zenith Bank Records Improved Half Year 2019 Results, With Interim Dividends Of 30 Kobo Per Share

Gbemileke Ajayi

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In a clear demonstration of its resilience and strong market share, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa.

As a testament to its commitment to its shareholders, the bank also announced a proposed interim dividend pay-out of 30 kobo per share.

Gross earnings grew by 3% from ₦322.2 billion to ₦331.6 billion driven by the significant growth of 24% (YoY) in non-interest income from ₦88.6 billion in H1 2018 to ₦109.7 billion in H1 2019. In particular, fees from electronic products increased by ₦17bn (168%) from ₦10bn in H1 2018 to ₦27 in H1 2019, demonstrating significant progress in our retail banking initiatives. This top-line growth filtered through to the bottom-line as Profit Before Tax (PBT) increased to ₦111.7 billion reflecting a 4% growth over ₦107.4 billion reported in H1 2018 with earnings per share (EPS) increasing by 9% to ₦2.83 in H1 2019 from ₦2.60 compared to the prior period.

Between December 2018 and June 2019, the Group’s total deposit increased by 3% with retail deposits growing by ₦267 billion (31%), from ₦861 billion to close at ₦1.1 trillion. Despite the growth in our deposit base, we optimized interest expense leading to a 4% reduction from ₦74.7 billion to ₦72.1 billion due to the Group’s improved funding mix and our profound treasury management skills. Net Interest Margins (NIMs) witnessed a compression from 10% in the same period last year to 8.6% in H1 2019, as a result of the declining yield environment but the cost of funds improved from 3.4% to 3.0%.

Our robust risk management ensured that our absolute Gross Non-Performing Loans (NPLs) remained flat. However, the marginal movement in NPL ratio was as a result of the 3% reduction in our loan book from ₦2.02 trillion as at December 2018 to ₦1.95 trillion at the end of the period. We are creatively deploying new retail loan products to ensure we capture a reasonable share of the retail loan market. We remain committed to maintaining our strong balance sheet with a liquidity ratio at 74.6% and Capital Adequacy Ratio (CAR) at 25%, ensuring we remain above regulatory thresholds.

Zenith Bank Half Year 2019 Abridged Financials

Going into the second half of the year, we will continue to consolidate our leadership in the corporate space while our retail banking drive will continue unabated. We expect to see an improvement in economic activities even as we maintain our promise of delivering a unique service experience to our customers.

Consistent with this superlative performance and in recognition of its track record of excellent performance, the bank was recently ranked as the Most Valuable Banking Brand in Nigeria in 2018 by The Banker Magazine. Similarly, Zenith Bank was recognized as the Best Corporate Governance Bank in Nigeria by The World Finance for the sixth time just as Ethical Boardroom, a Europe based Boardroom watchdog reaffirmed this recognition by naming the bank as the Best Bank in Corporate Governance in 2018. Recognition has also come the way of the bank as it was recently named as the Best Institution in Sustainability Reporting in Africa 2018 (SERAS Awards) and the Bank of the Year 2018

 

(BusinessDay).

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BUSINESS

UBA Partners LCCI For 2019 Lagos International Trade Fair, Promises Customers 20% Discount On Registration

Peter Okunoren

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Pan African financial services institution, United Bank for Africa (UBA) Plc, and the Lagos Chamber of Commerce and Industry(LCCI) have partnered to organize the 2019 edition of the Lagos International Trade Fair.

The Fair, which holds between November 1st and 10th, 2019, is the 33rd edition and is expected to provide an avenue for networking and other business opportunities that will assist to catapult business activities in Africa’s largest and busiest city, Lagos and in Nigeria.

UBA, which is the headline partner will be working together with LCCI, to provide a veritable platform that is intended to grow both domestic and international trade. It further presents participants and visitors with opportunities to seal medium and top business deals.

In line with UBA’s unflinching support to the growth of small and medium enterprises (SMEs), the bank is giving a 20% discount to its Small and Medium business customers who register to attend the fair.

UBA’s Group Head, Marketing, Mrs. Dupe Olusola, who expressed excitement at the partnership, noted that the bank, with its extensive spread across Africa and other major economies of the world, is always on the lookout for partnership opportunities that will benefit the business environment and the economies where it operates.

Olusola noted that the Bank is delighted as this year’s Lagos International Trade Fair is coming after a very successful organization of UBAmarketplace by the Bank in Abuja, where over 120 SMEs from 20 African countries exhibited their products, attracting over 50,000 footfalls.

She said, “UBA, the Pan African financial institution, has branches in 20 African countries, including the United Kingdom, the United States of America and France and has always been involved in activities that aim to strengthen business connections and networks across key economies.

“Thus, we have decided to partner with LCCI to promote this year’s fair which is in its 33rd edition because the Lagos International Trade Fair has become a genuine avenue for both domestic and international trade through business to business meetings, product launches, enlightenment opportunities for government agencies’ programmes, and international trade partnership deals across borders” she explained.

She added that the partnership will also offer the bank the opportunities to showcase its array of products to its teeming and new customers, adding that the bank will set up stands at various points to serve its customers and attend to various concerns.

The Director-General of the Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf who praised the collaboration between both institutions, noted that it is a partnership that is expected to yield great benefits, owing to the fact that the LITF hosts an average of 2,000 exhibitors annually, with over 200 foreign exhibitors from 16 countries.

He also added that arrangements have been put in place to make this year’s fair even bigger and better than the previous editions, adding that already, existing and potential exhibitors have been responding positively to register and participate at the Fair.

“We at LCCI believe that this is part of the bold initiatives of the bank with a corporate culture founded upon strong organizational values and performance-driven operating standards”, Yusuf said.

Yusuf stressed that the Chamber would maintain the brand promise of the Fair, with the theme ‘Connecting businesses, Creating value’, adding that this will be sustained this year in all its marketing campaigns.

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BUSINESS

Win N200,000 Cash Prize In The Zenith Bank #ZBZeroBalanceChallenge

Gbemileke Ajayi

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Win big in the Zenith Bank #ZBZeroBalanceChallenge ⠀
How to win?
(1) ‎Post your one minute video on Instagram before 12 noon on Sunday the 18th of August 2019.⠀
(2) Use the hashtag #ZBZeroBalanceChallenge and tag + follow @zenithbankplc on Instagram.⠀
Click Here to view and download the Zero Balance song.⠀
Note!  ‎
  • Winners will be announced on Tuesday the 20th of August 2019.
  • The participant must have zenith zero account
  • To Open zero account, kindly dial #966*0# and follow the prompts

Prizes🎁

1st prize: N200,000 
2nd prize: N100,000 
3rd prize: N50,000 ‎
The promos run from Sunday the 18th of August 2019.
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