Dec 20, 2010, 10:57 AM
According to bank officials, the promotion was a loyalty reward to their customers, among them, “was savings promo and end of the year dash.”
Three customers won cash prizes with the 1st winner, Mrs. Suwadou Jallow, who received D15,000 education subsidy for three children.
The 2nd prize winner Mathias O. Olatunbosun won D10,000 for two children, while the 3rd winner Fatoumatta Sillah got D5,000 for one child sponsorship.
Ebrima Faal Bah, Skye Bank’s business development manager, noted that the promotion was introduced at the end of the year, to encourage savings among their clients to keep money for particular uses.
“Those qualified for the draw deposited D500 weekly or D2000 for the month for the new customers, but for the existing customers we said if they maintain minimum balance of D10,000 throughout the promotion period, you will be qualified for the draw,” he said.
He said they had gone through the account to ensure no customer is left out, adding that eight people were qualified for the draw.
Mr. Akim Yusuf, the Managing Director and Chief Executive Officer of Skye Bank Gambia Limited, explained that this is not about the money or the prize.
“That is how we are going to be able to build the African economy, by promoting good savings culture in the people,” he said, adding that it is going to be an annual event for the bank.