Posted by By OMODELE ADIGUN on
Bank PHB has introduced an array of products to satisfy the different needs of its various customers across the country.....
Bank PHB has introduced an array of products to satisfy the different needs of its various customers across the country.
The products are Bank PHB Partner Account, which not only enables customers to earn bonus interests for introducing customers to the bank but also pays customers interests on their deposits; Bank PHB Paytime, which enables customers to have stress-free access to funds before pay day; and Bank PHB Phuture account, a savings account for kids and teenagers, which supports parents and guardians to plan the education of their children or ward.
Apart from the products ,other features and benefits include insurance cover, scholarship awards for beneficiaries and payment of high interests.
For example, there is Bank PHB Possibilities, a bouquet of consumer banking products designed to make it possible for the banking public to acquire any desired asset of their choice including cars, electronics, shares of quoted companies and even landed properties and houses with ease.
The variants of Bank PHB Possibilities are the Easy Life Scheme, which makes it easy for customers to buy any asset of their choice by paying just a fraction of the amount while Bank PHB pays the balance. The buyer is then allowed to pay the balance to Bank PHB over an agreed period of time.
Another variant of the Bank PHB Possibilities is the Share acquisition scheme, in which the Bank supports customers to purchase shares in quoted companies.
The attraction of the products is its ability to enable Nigerians buy money earning assets or investment products. Financing under this facility is accommodated for a period long enough to make good returns on any good investment in the capital market.
Bank PHB Possibilities also come with the Real Estate Acquisition variant. This product will enable beneficiaries purchase land, complete a building, renovate an old building or buy a new one in major cities across the Federation.
Market watchers believe that the Bank PHB Partner account is one product that is bound to keep the banking public continuously excited and change the way banking is done traditionally in the country.
This is the first product in the Nigerian banking industry that provides opportunities for bank customers to earn extra income by introducing customers to Bank PHB. Partners, besides allowing customers to earn the normal interest on their deposits also allows them to earn bonus interest for new customers introduced.
Bank PHB's decision to roll out these array of consumer and retail banking products is in response to its commitment to continually excite customers with exceptional service, delivered with passion to excel.
The roll-out of the products is expected to further boost its competitive edge in the Nigerian banking industry. Already, Bank PHB's latest nine-month interim result for the period ended March 2006 shows significant growth in total earnings and profitability.