Business News Mon, 10 Dec 2018

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FBN BANK gets $72.5m capital boost; reward loyal customers

The FBNBank Ghana Limited has received US$72.5 million from its parent bank, the First Bank of Nigeria Plc to shore up its capital as it attempts to meet the Bank of Ghana’s (BoG) GH¢400 million new minimum capital requirement.

Subsequently, the bank is liaising with the BoG and other government agencies to obtain the necessary approval.

The Managing Director of the bank, Mr Gbenga Odeyemi, announced this at the grand draw of the bank’s Save and Win Promo which was held on Thursday in Accra.

“The FBNBank Ghana Limited is delighted to announce that it has received an inflow of US$72.5 million from our parent bank,the First Bank of Nigeria to shore up our capital in order to meet the Bank of Ghana’s new minimum capital requirement,” he said.

Mr Odeyemi further stated that the FBNBank Ghana Limited remained resolute in its quest to put its customers and stakeholders at the heart of the bank’s business and to be Ghana’s bank of first choice that delivers value and excellence.

The draw

In all, 10 customers of the bank were rewarded for emerging winners of the promotion which was introduced in May this year.

The winners were drawn from the third mini draw held at the Santa Maria branch. They included Sustenance Godwin Degboe of the Tema Branch (65 inch smart TV set), Mary Yankey (55 inch smart TV set), joint account owners Ida Yaa Nyarkoah and Josephine Gbewornyor (Ipad), Comfort Amoah (43 inch smart TV set) and Damiani Mazen (Gas cooker).

The rest are Grace Martha Boamah (double door fridge), Florence Allotey (washing machine), Abdul Zibo Latif (laptop) Edward Asiedu (32 inch digital TV set) and Agnes Boateng (table top fridge).

The promo

Customers needed to make a deposit of GH¢200 into existing or new individual savings or current account to enter into the promotion. Each GH¢200 deposit earned the customer a point.

All customers who at the start of the promo had a minimum balance of GH¢1,000 in their accounts were given one point for every GH¢1,000 as advance points up to a maximum of 10 points.

Advance points were earned only on an incremental basis for as long as the customer’s deposit remained in the account during the period of the promotion.

The bank organised mini draws in July, August and October to award 30 winners in the promo before rewarding the ultimate winners yesterday.

The draw was supervised by officials of the National Lotteries Authority.

Source: Graphic.com.gh

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