BANCABC LAUNCHES THE ULTIMATE FESTIVE GIFT!

BancABC Tanzania Head of Retail and Business Banking, Joyce Malai (left) and the Bank’s Country Head of Treasury and Money Markets, Barton Mwasamengo (right) display a placard after launching a special festive season gift that will see all fixed depositors of BancABC get up to 14 percent interest upfront from 1st November up to 31st December 2018.

BancABC Tanzania Head of Retail and Business Banking Joyce Malai (left) speaks in Dar es Salaam during an event to announce a special festive season gift that will see all fixed depositors of BancABC get up to 14 percent interest upfront from 1st November up to 31st December 2018. She is flanked by the Bank’s Country Head of Treasury and Money Markets, Barton Mwasamengo (right).

• Fixed depositors to get up to 14% interest Upfront!

1st November 1st 2018 - BancABC Tanzania, which is part of Atlas Mara, a London listed entity has made yet another ground breaking move in the market by launching a special season gift to all its customers a move aimed at offering customers the best interest returns on their money this festive season.

The special festive season gift will see all fixed depositors get up to 14 percent interest upfront from today, November 1st up to 31st December this year.

Speaking yesterday in Dar es Salaam during an event to announce the move, the BancABC Tanzania Head of Retail and Business Banking Joyce Malai said the bank has decided to introduce attractive interest to customers who will be opening fixed deposit accounts during November and December and will be paid interest upfront as a gift to use for their needs during this festival season while their principal amounts will remain secure until maturity.

However, Malai said that a customer will have a freedom to choose whether to get paid his interest upfront or on monthly basis. It’s not a must for a customer to get interest upfront. They will have the freedom to choose whether upfront, monthly basis or at the end of depositors maturity. In addition, a customer can borrow upto 8 percentage of his deposits

“This is the best offer in the market so far and we want to encourage our customers and even those who do not have accounts with us to take advantage of this festive season offer,” said Malai.

On his part, the bank’s Country Head of Treasury and Money Markets Barton Mwasamengo said that BancABC Tanzania was keen in meeting its customers’ needs and ensuring that they grow together with the bank. “We value the support that our esteemed customers give us and as a bank we have decided to reward them during this festive season,”

What our customer’s need to do is to just visit any of BancABC Tanzania branches, open a fixed account, deposit 10 million and above then get their interest paid instantly of which they can use to shop, travel, buy friends and family gifts this festive season,” Mwasamengo added.

Mwasamengo said that the offer will apply to customers who open a fixed account with BancABC and will run this campaign up to December 31st this year.