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16.10.2008 Business & Finance

Stanbic Launches New Product

By Kingsley Asare -

STANBIC Bank Ghana has launched a new product to help guarantee financial security for both individuals and corporate institutions.

The product dubbed: “Out of the Blue”, the fourth to be introduced this year, is in two categories — Contract Save or Current  Account and Bonus Investment.

The Contract Save or Current Account is designed for people who are preparing to marry, travel or buy an item.

The Bonus Investment Product is for people who want to secure high yielding investment.

Launching it, Mr Mawuko Afadzinu, Head of  Marketing and Public Affairs of the bank, said the product was to ensure that the bank's customers   and the public enjoyed good and solid financial  health and to make financial and banking services easily accessible and more attractive.

He explained that the Out-of-the-Blue product  would allow customers to win a lot of rewards from now to December.

Mr Afadzinu said customers have to deposit a minimum of GH¢250 in their Contract Save  or Current Account to be eligible to enter the weekly draw.

Lucky customers at the end of every week would win prizes including  micro-waves, television sets, I-pods and I-phones.

The last draw would be held on December 2,  and the ultimate winner would take home GH¢20,000.

Mr Afadzinu said  the bank was poised to expand its branches to 24 by the end of the year from the present 14 .  Three of the new branches will be opened next week.