Friday, August 30, 2013

NBC opens private banking facility centre for affluent customers



Affluent people in the society will now be subjected to special banking services, thanks to the introduction of Private Banking suite Facility by the National Bank of Commerce ( NBC). The suite will enable NBC affluent customers to access a range of products and services designed to meet their individual requirements and benefit from easier access to credit facilities offered by the bank. Under this service customers will be required to have a minimum of Sh75 million in the bank account. The NBC has opened a special centre in Dar es Salaam yesterday for that purpose. Gracing the occasion for the introduction of a newly bank service, the IPP Executive Chairman Dr Reginald Mengi said the move will help cater for the country’s growing economy. However, he thanked the bank for the step it has taken as this shows that, the bank has reached at the top higher level of performance in the country bearing the fact that, being a financial institution it plays a key role in facilitating country’s economy. He said as the number of people who require financial services in the country keeps on increasing everyday and this is made evident by the increasing number of registered banks in the country, it’s therefore prudent for banks also to think of ways to expound their services to cater for their regular needs. At this remark, Dr.Mengi praised the MD and her entire management team for the ability which has made the NBC to come at this surprise that it has enabled it to launch such a vital service at the opportune time when the country’s economy is growing at such an exceptional rate. Commenting on the launch of the bank’s Private Banking Suite. Mengi said, “The need for tailor made services is very important and added that, this is underscored by the fact that organizations which succeed are usually those which adopt to the constantly changing market dynamics by providing solutions for their customers”. 

 
Speaking on behalf of the bank, NBC’s Managing Director Ms. Mizinga Melu said, “since NBC has been in operation for the last 46 years the bank has been receiving new customers and hence there is a need to cope with the emerging global technological change. In view of this, therefore the bank has to look for specific requirements which have to be taken into consideration for the development of emerging technologies to suite new products and services. It is for this reason, however she added that, the bank has decided to introduce Private Banking Suite to cater for financial requirements to help achieve their ambitions and also create ways for convenience for customers by building an environment where they can realize their ambitions with ease. She said that, the centre is the first to be launched by the bank in the country, and noted that seven other centers would be replicated later in other cities and big towns in the country by end of 2014. Cornered for an exclusive interview, the Head of Bank’s retail services Mmoloki Legodu said that, with this launch the bank aim to service the diverse financial needs of their customers including their families with exclusivity. However, he said and added that, customers will be able to enjoy the attention of a dedicated relationship manager and use of this State-of-the –art exclusive facility centre to meet all the banking needs, and moreover will not need to stand in queue. Describing the suitability of the service, the Bank’s Marketing, Communications and Corporate Affairs Edwin Mhina said that, customers under this category of service would use their Automated Teller Machine (ATM) cards free for every transaction. He further noted that customers will enjoy a reduction on costs for sending money through telegraphic transfer to settle payments of imported goods. These he said would be reduced to a certain percentage rate which he couldn’t immediately indicate. NBC is one of the most highly recognized retail banks in the country with 46 years experience in providing financial services. Apart from offering traditional banking services, NBC also prides itself with an expanded branch network and footprint. It has 52 branches with over 1,200 staff,  Visa and MasterCard enabled ATMs and over 250 points of sales strategically located throughout the country.

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