Weekend banking, a window designed to enhance access to financial services, received a major boost recently as Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, announced the commencement of Saturday banking in key cities across the country.
The new service window, which will further expand financial inclusion in the country, is available at major shopping malls and markets where the bank has branches across the federation. These include Ikeja Shopping Mall, Lagos; The Palms, Lekki, Lagos, and Grand Towers Abuja Mall, Federal Capital Territory, as well as the regular markets.
The Chief Executive Officer, Stanbic IBTC Bank, Mr Yinka Sanni, said that as Nigeria?s huge unbanked population steadily migrates to the formal banking system, the bank is well positioned to help everyone actualise their aspirations via the availability of branches and service points where top-of-the-class services and products can be easily accessed.
Noting that the Nigerian financial services industry is rapidly evolving, Sanni said it was imperative that the changing needs and goals of both existing and potential customers are constantly monitored to enable the provision of appropriate products and solutions.
?At Stanbic IBTC Bank, we are resolute about taking advantage of the growth opportunities in Nigeria. There can be no better substitute for proper on-the-ground presence in the country. The Standard Bank Group, to which we belong, has been investing steadily in its African footprint for over two decades. Nigeria remains a key market for the group given our confidence in its massive growth potential,? Sanni said.
?We will continue to avail Nigerians ease of access to the bank?s suite of products and services. By making these products and services available on a non-traditional workday, we believe that many more people and businesses will derive significant benefits from this window.?
The Executive Director for Personal and Business Banking, Stanbic IBTC Bank, Mr Obinnia Abajue, said the full range of the bank?s products and services are accessible on Saturdays, complementing other service channels such as ATMs, internet and mobile banking, among others.
Explaining the bank?s rapid expansion across Nigeria, Abajue stated, ?Stanbic IBTC is as much a retail bank as it is an investment bank. The bank?s determination to enable retail customers across the country to physically access its array of products and services is one prime consideration for its rapid expansion. The full suite of Stanbic IBTC products and services are accessible at any of our 180 branches spread across the country.?
He further explained that the bank?s four key value offerings to the retail segment are: access to market leading 24/7 transactional banking capabilities; access to borrowing for personal and business purposes; access to investment services and opportunities as well as support with asset and wealth protection services. In doing this, services that were previously considered purely elitist are now made available to the general market thus increasing financial inclusion as well as economic empowerment.