PRESENTATION IRO MK
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Transcript of PRESENTATION IRO MK
BRIEF BACKGROUND OF FINANCIAL INSTITUTION
Financial institution is an establishment that conducts financial transactions such as investment, loans and deposits. Almost everyone deals with financial on regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions.
CATEGORIES OF FINANCIAL INSTITUTIONS
Deposit Taking/Lending
InstitutionsFinance and
Insurance Institutions
Pensions Providing Institutions
FUNCTIONS OF FINANCIAL INSTITUTIONS
2. Accepting Deposits
4. Providing Commercial
Loans
3. Providing Real
Estate /Mortgage
Loans
1. Issuing Share
Certificates
TYPES OF BANKS
Central Bank
Commercial Banks
Development/Specialized Banks
Mortgage Banks
Microfinance Banks.
INTRODUCTION OF STANFORD MFBANK LIMITED
•The Bank has the vision to become a World-class banking institution.
Stanford Microfinance
Bank was established on the 1st of July,
2015. It is located @ 142 Abak Road, Uyo –
Akwa Ibom State.
OUR SERVICES
Instant transaction alert
Deposit/Fund mobilization
Granting of loans
Business advisory services
Financial Intermediation
Leasing
Bills Collection
Mobile Banking
OUR PRODUCTSA. Stanford Current + Account
• No COT• Minimum balance of N200,000• Maximum of 3 withdrawalsB. Stanford Corporate/Current Account (STACA):• Minimum account opening fee of N5,000• COT is applied C. Stanford Savings Account (STASA):• Interest rate is 4% p/aD. Stanford Savings +:• Minimum balance of N100,000• Interest rate is 6% p/a• Cheque Book is provided• Third Party payment allowed.E. Stanford Group Life Account (STAGLA):• Designed for clubs & associations• Group Members can access loans through this account.F. Stanford Yuletide/Target Account (STAYEA): • Allows customers to save for yuletide or a particular
target• Interest is 8% p/a
G. Stanford Bright Future Account (STABFA):
• Designed for youths, Corp members, students, etc.• Designed to encourage savings• No Charges• Interest is 5% p/aH. Stanford Royal Kiddies Account (STARKA): • Account is for children from the ages of 0-18• Minimum savings is N5,000 monthly• Interest rate is 9% p/a• Qualification to attend Royal Kiddies end of year party• Top savers get instant giftsI. STANFORD INVEST MONEY (SIM): • Aimed at ensuring creation of more wealth• Feature include attractive interest rate throughout the
duration of term.J. STANFORD DAILY CONTRIBUTION: • To encourage traders to save more money• Beneficiaries can access soft loansK. SATNFORD EASY LIFE: • To assist individuals purchase items like cars, tricycles
etc• Equity contribution of at least 30% is required.
OUR SUCCESS STORIES1. Loans granted to over Four Hundred business
customers.
2. Promo to appreciate customers for their
goodwill (Prizes like cars, tricycle, generator,
refrigerator and other prizes where won).
3. Provision of mini buses for the public.
4. Loans granted to Civil/Public Servants in
the State.
5. Accessed CBN Loans and disbursed to
beneficiaries.
6. Easy granting of loans without
collateral.
8. Interest drawback scheme for farmers who accessed agric
loans.
QUESTIONS AND ANSWERS
THANK YOU
STAR PRIZE OF STANFORD SAVERS PROMOBRAND NEW KIA RIO CAR