Diamond Bank Plc has stated that it has rewarded savers who participated in its savings promotions with over N4billion in the last seven years.
The bank said its effort is geared towards driving the Central Bank of Nigeria (CBN) financial inclusion initiative and encourage savings culture in Nigeria.
Head, Consumer Banking, Diamond Bank, Aisha Ahmed, stated this recently at the Diamond Bank SavingsXtra promo mid-year draw.
She said the scheme in the past seven-year has increased the flow of funds to support SMEs, accelerate employment generation and development of indigenous entrepreneurship as well as encouraged saving culture among Nigerians.
She explained that at the season eight edition of the promo, N600 million had been earmarked to reward loyal customers.
Meanwhile, the first draw held at the Ikeja Cantonment produced 30 winners of N1 million each in an electronic draw. The process was supervised by the Consumer Protection Council (CPC), KPMG and other regulators. The bank also rewarded customers from Ikeja Cantonment in a “special draw.”
In the special draw, three cantonment residents won N200,000 cumulatively, as the bank said it is a way of appreciating service men who sacrificed family lives for the nation.
She further explained: “As a bank, we feel that it will stimulate the saving culture and we all appreciate what happens when individuals save for the future. It can be used for businesses support, change the life style of the family and for children’s education.”