Connect with us

BUSINESS

SunTrust Bank Targets Over 100 Million Unbanked Nigerians

Avatar

Published

on

 

SunTrust Bank

The Chief Executive Officer, SunTrust Bank Limited, the latest commercial bank licensed by the Central Bank of Nigeria, Mr. Muhammed Jubrin, says the lender is planning to attract over 100 million unbanked Nigerians into the banking sector, using technology.

He said this would go a long way in deepening the financial sector and achieving the CBN’s goal of encouraging savings culture among the populace.

In a statement on Sunday, Jubrin was quoted as saying, “It is unfortunate that we have just about 30 million Nigerians within the banking sector, as captured by the Bank Verification Number project; this is alarming when we consider the number of Nigerians that should have bank accounts.

“We are determined to use technology to attract more Nigerians into the banking sector. We are very positive that this is possible and with the success in the telecommunication sector, we are sure, that our mobile banking applications will entice millions of able Nigerians into the sector.”

Jubrin said the success story in the telecommunications sector was enough to give the management of the new bank hope that their aim of banking millions of unbanked Nigerians using technology was achievable.

He promised that the bank would bring banking to customers’ home.

“We will be everywhere but we will be nowhere…We will offer telephone, mobile and Internet banking underpinned by the traditional banking ethics of probity and integrity,” the CEO added.

“The bank’s competitive edge will be the strong reliance on technology and it will be encouraging customers to access its services from the comfort of their homes and offices and as such the bank will not be engaging in a proliferation of branches.”

The SunTrust MD explained, “Our services will be available to our customers 24 hours daily, seven days a week and from anywhere in the world where there is a good Internet service.

“Even our data centre is outsourced, this way we will not have the overbearing requirement to put on the generator at our locations.”

According to the CEO, “we will not be emphasising physical security as we are making serious investment in cyber security instead.”

On the focus and strategy of the bank, the CEO said, “Over 90 per cent of banking transaction are being transacted electronically worldwide.

BUSINESS

Introducing Zenith Bank Naira Giveaway [Details Attached]

Gbemileke Ajayi

Published

on

Zenith Bank Plc is offering its esteemed customers a chance to win cashback up to N2000 when you use your Zenith Bank Naira Mastercard to perform a minimum of 5 transactions in this month of January.

To be eligible to win, you must meet the following criteria:  You must have an active Zenith Bank account and if you do not, simply dial *966#.
CLICK ON THE BANNER BELOW
Continue Reading

BIG STORY

Zenith Bank Flags Off Z-Woman Business Package, Offers N10m Loan At Single-Digit Interest Rate [DETAILS]

Avatar

Published

on

Zenith Bank Plc has introduced a new package for women called the Z-Woman Business Package.

The Z-Woman Business Package is designed to address the unique needs of women-owned businesses.

The package includes:

Loans of up t0 N10m at a single-digit interest rate

Free digital skills training

Free exhibition stands at Zenith Bank events.

To register, please visit www.zenithbank.com/zwoman

Continue Reading

BUSINESS

Access Bank, Wigwe Honoured At THISDAY Silver Jubilee Celebration

Avatar

Published

on

Access Bank and its Group Managing Director, Herbert Wigwe, were honoured as the ‘Bank of the Decade’ and ‘Banker of the Decade’ respectively by THISDAY Newspaper at its 25th-anniversary celebration held at the Eko Convention Centre, Lagos.

The silver jubilee celebration was witnessed by dignitaries including former Commonwealth Secretary-General, Emeka Anyaoku; Afenifere chieftain, Ayo Adebanjo; founder of Dangote Group, Aliko Dangote; Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari; and former Governor of Anambra State, Peter Obi.

Receiving the awards, Wigwe attributed his success to the collective effort of all employees of the Bank and customers, saying, “It is such an honour to be recognized by such a prestigious platform, renowned for its work in unbiased and qualitative reportage. This award is dedicated to all members of staff who have worked tirelessly to ensure the growth and success of the Bank and all its subsidiaries. Furthermore, we thank all 32 million of our customers who trust us as we continue our journey to being Africa’s gateway to the world”.

Over the past decade, Herbert Wigwe has overseen the growth of Access Bank, from a relatively small bank into Africa’s largest retail bank. Wigwe has closed a series of strategic high-profile mergers while pushing and driving participation in community-focused initiatives that have endeared the bank to its customers. Since the completion of its merger with Diamond Bank, Access Bank’s customer base has grown from about 13 million to 32 million.

With subsidiaries and rep offices in 13 countries – Ghana, United Kingdom, UAE, China, Lebanon, India, Sierra Leone, Gambia, Rwanda, Zambia, Congo, Cameroon and most recently Kenya – Access Bank continues to defy critics, strengthening its place as a powerhouse in the Nigerian and indeed African banking industry.

Continue Reading

Most Popular