presentation iro mk

11
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.

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Page 1: 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.

Page 2: PRESENTATION IRO MK

CATEGORIES OF FINANCIAL INSTITUTIONS

Deposit Taking/Lending

InstitutionsFinance and

Insurance Institutions

Pensions Providing Institutions

Page 3: PRESENTATION IRO MK

FUNCTIONS OF FINANCIAL INSTITUTIONS

2. Accepting Deposits

4. Providing Commercial

Loans

3. Providing Real

Estate /Mortgage

Loans

1. Issuing Share

Certificates

Page 4: PRESENTATION IRO MK

TYPES OF BANKS

Central Bank

Commercial Banks

Development/Specialized Banks

Mortgage Banks

Microfinance Banks.

Page 5: PRESENTATION IRO MK

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.

Page 6: PRESENTATION IRO MK

OUR SERVICES

Instant transaction alert

Deposit/Fund mobilization

Granting of loans

Business advisory services

Financial Intermediation

Leasing

Bills Collection

Mobile Banking

Page 7: PRESENTATION IRO MK

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.

Page 8: PRESENTATION IRO MK

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.

Page 9: PRESENTATION IRO MK

QUESTIONS AND ANSWERS

Page 10: PRESENTATION IRO MK

THANK YOU

Page 11: PRESENTATION IRO MK

STAR PRIZE OF STANFORD SAVERS PROMOBRAND NEW KIA RIO CAR