Nairobi, 13 June 2024 — Stanbic Bank Kenya has launched the “Switch Campaign,” an initiative aimed at mobilising deposits and rewarding new and existing customers. During the campaign period the Bank will award new and existing clients with cash rewards amounting to KES 7.2 million.
The ‘Switch Campaign’ positions Stanbic Bank as the ideal partner, offering a range of benefits tailored to clients’ diverse needs. Salaried Kenyans can open new accounts, while existing clients can reactivate their dormant accounts and enjoy enhanced banking experiences and rewards.
Abraham Ongenge, Head of Personal and Private Banking, Stanbic Bank Kenya, said, “Stanbic is committed to providing financial solutions that drive growth. To this effect, we have designed a deposit account that provides access to additional loan and protection services. With a digitized and seamless account opening process, we are enabling financial inclusion and equipping individuals with the right tools for sustained growth.”
The “Switch Campaign” will run for three months, during which select participants will win cash prizes. Every month, three lucky New-to-Bank Salary Switch participants will receive KES 200,000, KES 100,000, and KES 50,000 for the winner, 1st Runner-up, and 2nd Runner-up, respectively. Similarly, three existing clients will win a similar amount every month for increasing their deposits”, he added.
The Grand Draw will be done at the end of the three-month campaign period, with the grand draw winner receiving KES 1,000,000. In total, 66 participants will win cash prizes during the campaign period.
Individuals can quickly and conveniently open a Stanbic Account through the Stanbic Mobile APP. Stanbic Bank offers accounts with retrenchment cover, a crucial feature that ensures financial security in case of job loss, for as little as KES 200 per month. Moreover, Stanbic Bank clients can access cash advances from KES 30,000 and unsecured personal loans up to KES 6 million, all through the mobile app.
Additionally, Stanbic Bank ensures a smooth transition for personal loans, including unsecured, secured, and home loans. This includes the provision of home loans up to KES 10.5 million with a fixed rate of 9.5% per annum and a maximum repayment period of 25 years.
ENDS
For more information please contact:
Rachel Nderitu
Tel: +254 (723) 710 540 | Fax: +254 (20) 310601 | Email: NderituR@stanbic.com |
For further information go to www.stanbicbank.co.ke
Issued by Engage BCW
On behalf of: Stanbic Bank Kenya
About Stanbic Bank Kenya
Stanbic Bank Kenya is a member of Standard Bank Group, the largest African bank by assets, operating in 20 African countries, four global financial centers and two offshore hubs, with a 162-year history in the continent.
The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 19.4% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.
With a solid foundation in Kenya and history spanning over 100 years, Stanbic Bank is one of the top banks operating in Kenya that provides the full spectrum of financial services. Stanbic Bank Kenya provides the full spectrum of financial services.
The Personal and Private Banking division continues to serve the people of Kenya with a range of personal banking products and solutions. Stanbic Bank also offers Wealth services and product offerings, including insurance, investment, fiduciary, bespoke banking and multi-generational wealth preservation solutions to high-net-worth individuals, retail, business, commercial, and corporate clients across the Bank’s footprint.
Its Corporate and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking delivers this comprehensive range of products and services relating to investment banking; global markets; and global transactional products and services. Stanbic Bank’s Corporate and Investment Banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in oil, gas and renewables, power and infrastructure and agriculture.
Regarding the Business and Commercial Banking, Stanbic Bank Kenya offers banking and other financial services to medium-sized enterprises and high value small businesses. This unit serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.
The Investment and Asset Management unit partners with our clients to fulfil their long and short-term insurance, investment, and asset management needs. The products cater to a wide range of clientele ranging from individuals to corporate and institutional clients.