NBS handover K15m cheque to ‘Nyumba Yanga’ promotion winner
NBS Bank on Friday handed over a whooping K15 million (USD26,000) to a Lilongwe based business lady, Jessie Kachala, for emerging a winner in a promotion dubbed Nyumba Yanga.
The mechanism of the promotion was that NBS was asking customers to deposit K20,000,(USD35) and leave it for thirty days without touching it.
Another mechanism was that the Bank was asking customers to fix deposit K200,000 money for more than a month.
Speaking when NBS Chief Executive Officer, Benadetta Mandoloma said the NBS launched Nyumba Yanga promotion on 20 May, 2015 and closed on 31 August, 2015, as one way of thanking customers for believing in the bank to handle their finances and also encourage saving culture.
Mandoloma said, the promotion was named Nyumba Yanga because the customers had a chance to win a house as a grand prize of the promotion.
In his speech, Minister of Local Government and Rural development, Kondwani Nankhumwa commended NBS Bank for the promotion.
Nankhumwa urged Malawians to embrace saving culture.
During, the function, Nankhumwa pledged to open the account with the Bank.
Kachala has since rejected to take the house offer and has since opted to take the money valued similar to the house.
Asked why rejecting the house, Kachala said she rejected the house because she want to strengthen her businesses.
So when are other banks going to have similar competitions?They are just there to make profits out of people’s deposits.When you borrow from them you endure obsene interest.Other banks should emulate the same.Mayiyu game yamumasukila.Capital yoyambira business mpakana 15 mita?
Waphula…undigaile1000000
Sometimes I wonder how these competition are run. Some of us have been so royal but have never won any prize. Tisintha bank basi
let us say big up to the bank. One step at a time. But can u also consider lending rates and accessibility. A lot of people have land to put up as security but cannot have deeds because they do not have cash tocorrupt officials at lands dept.