Stanbic IBTC Bank has rewarded 70 more customers who met the minimum saving criteria across seven regions in its Reward4Saving Promo Season two.
The promo, launched in 2022, aims to encourage a savings culture among customers and reward the same habit. The Promo is open to all Stanbic IBTC Bank customers who have saved a minimum of N10,000 in their Stanbic IBTC Bank savings account for 30 days. The cash reward prizes ranged from N100,000 to N2 million. As part of the bank’s effort to ensure a transparent and fair process, regulatory officials and the media attended to witness the selection of winners through a live draw.
Speaking at the event, head, Consumer Clients, Stanbic IBTC Bank, Sadiya Ojo reiterated its commitment to providing innovative financial solutions that meet its customers’ needs, commending the winners on embracing a savings culture despite tough economic climes.
She also reiterated the bank’s commitment to continue to reward its customers for their dedication and loyalty.
According to Sadiya,” IBTC has rewarded over 700 customers with N100,000 since the commencement of the Reward4Saving Promo Season two. We still have one monthly draw, one quarterly draw, and the grand finale before the Promo ends. We actively encourage customers to build healthy financial habits and get more money as a reward for succeeding.”
Head, Data Enablement and Insights Stanbic IBTC Bank, Kolawole Adebayo also appreciated the regulatory authorities’ support and guidance in ensuring a fair process, noting that deploying technology enables the selection to be made through best practices.
Adebayo stated that, “we carry out these draws using computerised technology. We see all the processes, from client transactions to data collection, applying all the business cases presented to the point where the algorithm pushes data into the draw machines. All of these are without human manipulation too. This process speaks to the transparency in our process to give every qualified customer an equal chance to be winners.”
The Reward4Saving Promo is one of the many initiatives introduced by Stanbic IBTC to reward its customers and encourage a savings culture in Nigeria.
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