UBA begins hunt to grow deposit base with offer of N120m in savers’ promo

In a bid to grow its savings deposit base, United Bank for Africa (UBA) has launched a new savings promo tagged “UBA Wise Savers Promo”.

The bank said the promo is in line with the its tradition of deepening the savings culture by rewarding and encouraging its loyal customers.

The promo, open to both existing and new customers, is scheduled to run till September 30, 2019, and will give 80 people the sum of N1.5 million each across all participating regions.

Tomiwa Sotiloye, the bank’s head of retail liabilities, explained at the official launch of the campaign that the promo is consistent with the bank’s novel initiatives in prioritising customers, adding that, “we believe it is time we reward our customers who have been very loyal over the years. Without them, we could not have made the giant strides attained all these years and in recent times.”

Tomiwa also noted that customers are invaluable to all that the bank does, adding that, “We listen and give them nothing short of the best that they deserve, that is why we pioneered various products that have evidently shown that we always match our words with action – Leo Chat Banker is one out of the numerous examples that have won us several accolades and most recently a prestigious award from Euromoney which conferred us with the best digital bank in Africa”.

To qualify for the wise savers’ promo, new and existing customers of the bank are expected to make a N10,000 monthly deposit into their UBA savings account for 3 consecutive months before each draw date, or make a one-time deposit of at least N30,000 saved for 90 days before each draw date. Subsequently, 20 lucky customers will each win N1.5 million in the promo every quarter.

Draws will take place every quarter until 80 customers win the N120 million up for grabs.