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Ecobank Targets Small Businesses

Posted by By Hillary Dibiagwu on 2005/08/26 | Views: 427 |

Ecobank Targets Small Businesses

Ecobank Nigeria Plc has reinforced its consumer focus with special attention to small and medium businesses.

Ecobank Nigeria Plc has reinforced its consumer focus with special attention to small and medium businesses.

Head, Liabilities Desk, Consumer Banking, Eco-bank, Mrs. Nike Kolawole who made this known in a chat with newsmen in Lagos, also said the bank has developed products that takes care of the needs of the consumer at every point of his life cycle from infancy through youth and adulthood to retirement.

Kolawole said at Ecobank parents have a choice to invest in the bank’s education products for their infant children. The products that address the education needs of the child at this stage are ESSA (Education Support Savings Account), ESSAclubcard and ESSA plus. ESSA is specially designed to help parents/guardians plan ahead for children’s education from childhood to adulthood.

As the child grows into the youthful age, ESSA Plus, MasterCard, Ecosavings card and savings account are products he could invest in and save up for school expenses, she explained. These ranges of products are also meant to help the youth learn the discipline of saving and planning for a secure financial future.

The adult consumer, according to Kolawole can also invest in ESUSU, a smallsavers’ scheme developed by the bank’s consumer banking unit.

Other products for the adult consumer include the bank’s current account, EcoValucard and EcoChattels. EcoChattels is a customer-friendly leasing scheme that enables you to acquire your dream assets without the burden of full up-front payment, while EcoVoyager offers consumers the opportunity to fulfill their dream travels abroad for vacation or pilgrimage.

EcoSelect on the other hand, is a high-yield current account which pays as much as three per cent interest above the base rate, offers the account holder free EcoValucard, free cheque book, free return tickets to Europe for three randomly selected account holders every year.

As the customer retires from active work, he has the choice to invest in EcoSecure, EcoDraft and EcoShelter. One of the most forward looking offerings from the Ecobank stable is ECOSECURE, a share acquisition product that enables the investor to conveniently buy shares and refinance purchase of equities and securities of companies quoted on the Nigerian Stock Exchange.

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Comments (1)

Fay(Katy, Texas, US)says...

Actually translates to bravehearted.