Okey Nwosu http://okeynwosu.com Just another Today\'s Nigerians weblog Thu, 29 Jan 2009 07:49:40 +0000 http://wordpress.org/?v=2.3.3 en FinBank rolls out four consumer products http://okeynwosu.com/2009/01/06/finbank-rolls-out-four-consumer-products/ http://okeynwosu.com/2009/01/06/finbank-rolls-out-four-consumer-products/#comments Tue, 06 Jan 2009 07:48:49 +0000 admin http://okeynwosu.com/2009/01/06/finbank-rolls-out-four-consumer-products/ SHARETHIS.addEntry({ title: "FinBank rolls out four consumer products", url: "http://okeynwosu.com/2009/01/06/finbank-rolls-out-four-consumer-products/" });]]> First Inland Bank Plc, one of the leading players in the Nigerian financial services industry, has rolled out four consumer products to empower its customers to live out their dream live style. The products include: FinBank Rent Assistance Product, FinBank Laptop Acquisition Scheme, FinBank Hajj/Umra Account and FinBank Bureau de Change Customers Product.
The FinBank Rent Assistance Product is a consumer finance product designed to support customers and prospects make bulk rent payment with flexible monthly repayment schedule.
With the rising cost of rent occasioned by skyrocketing cost of building materials, meeting this obligation has become a major budgetary consideration for urban dwellers. To encourage Nigerians to live in houses of their dream through a convenient repayment plan, FinBank introduced the product to take the burden of bulk rent payment off its esteemed customers. The product is available to both existing and prospective customers who are expected to make an equity contribution of only 30 percent.
Similarly, the FinBank Laptop Acquisition Scheme complements the Banks pioneering interest in internet banking. The product is designed to provide financial support for employees and persons who would like to own laptops.
With 20 percent equity cash contribution of the total cost of acquisition, the laptop is made available to the applicant, with a guaranteed flexible monthly repayment schedule. The facility confers automatic Flash Me Cash membership and allows payments through salary accounts or issuance of post-dated cheques.
For Muslims who wish to observe the yearly pilgrimage in the Holy City but have not been able due to the cost, FinBank has introduced FinBank Hajj/Umra Account to encourage them save towards realizing their dreams. An interesting feature of the account is that it is a savings account that has features of a current account.
The account is in recognition and response to the need to provide every Muslim faithful with an opportunity to fulfill one of the most fundamental religious obligations. The Bank recently acquired the Arab Gambian Islamic Bank, a full-fledged Islamic Bank in the Gambia and the experience it garners will be brought to bear in introducing Islamic banking products into the Nigerian market.
The benefits accruing to customers and prospects who subscribe to this product include group life insurance, free debit cards and Flash Me Cash membership.
The fourth in the bouquet of products, FinBank Bureau de Change Product, is a stop gap funding to Bureau de Change operators for the bi-weekly bid for foreign exchange at the Central Bank of Nigeria (CBN). It is exclusively designed for Bureau de Change (BDC) operators that are licensed by the CBN for BDC operations in Nigeria in order to finance bids for foreign exchange. Operators are required to make only 25 percent equity contribution of the total bid amount.
FinBank is committed to providing its customers with exciting products and services that are suited to their varying needs. This is in line with the Bank’s mission of delighting its customers and other stakeholders with the very best in people, technology and practice.

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]]> http://okeynwosu.com/2009/01/06/finbank-rolls-out-four-consumer-products/feed/ FinBank partners JAMB on sale of on-line forms http://okeynwosu.com/2008/12/04/finbank-partners-jamb-on-sale-of-on-line-forms/ http://okeynwosu.com/2008/12/04/finbank-partners-jamb-on-sale-of-on-line-forms/#comments Thu, 04 Dec 2008 07:48:48 +0000 admin http://okeynwosu.com/2009/01/29/finbank-partners-jamb-on-sale-of-on-line-forms/ SHARETHIS.addEntry({ title: "FinBank partners JAMB on sale of on-line forms", url: "http://okeynwosu.com/2008/12/04/finbank-partners-jamb-on-sale-of-on-line-forms/" });]]> The Joint Admissions and Matriculation Board has appointed FinBank to partner in the sale of 2009 On-Line University Matriculation Examination (UME) application documents. The appointment mirrors the prevailing e-banking strength of FinBank to efficiently support any on-line payment and collection. FinBank’s flagship e-banking product, Flash Me Cash, a convenient payment solution, has effectively been deployed to boost payments for government ministries, departments and agencies bills as well as payment for DSTV subscription.

FinBank pioneered internet banking when it introduced Flash Me Cash, an e-payment solution product which uses the internet and GSM phones as transaction platforms.

This development is also in recognition of the Bank’s growing branch network across Nigeria and the increasing endorsement of its convenient electronic banking products.

To this end, Professor, Dibu Ojerinde, the Registrar/Chief Executive of JAMB who said the current sale of the forms will last until February 2009, has urged FinBank to sell the forms in all its branches nationwide.

Each set of the application document comes with a package containing one on-line scratch card, a copy of 2009/2010 University Matriculation Examination (UME)/Direct Entry (DE) “Guidelines for Admissions to First Degree Courses in Universities and other Degree Awarding Institutions in Nigeria”, a copy of syllabus for the 2009 Universities Matriculation Examination (UME) and one compact disc entitled JAMB Examination Ethics.

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