Thursday, June 11, 2015

DIAMOND BANK UNVEILS BET5, OFFERS N15M GRANT TO SUCCESSFUL MSMES



Diamond Bank Plc has announce the launch of Season 5 of the Building Entrepreneurs Today (BET5) programme, a Corporate Social Responsibility initiative aimed at enhancing the productive strength of Nigerian entrepreneurs through capacity building.  

The initiative, which is a core component of the Bank’s Corporate Social Responsibility (CSR), enables each of the businesses that presents outstanding performance to receive N3 million grant that would be injected into their respective operations for expansion and product consolidation.

According to the Bank’s Head of Corporate Communications, Ayona Trimnell, the initiative is aimed at assisting MSME stakeholders gain up-to-date knowledge of business management through rigorous training and mentorship, which will empower them to run their respective businesses successfully and remain competitive in the marketplace.

“Since 2010, we have partnered with the Enterprise Development Centre (EDC) of the Pan Atlantic University in training and nurturing Micro, Small and Medium Scale businesses under this annual capacity building and business education project which involves the training of fifty budding entrepreneurs over a period of six (6) months after which the top five (5) entrepreneurs are awarded Three Million Naira (N 3,000,000) grants to take their businesses to the next level. This initiative has contributed immensely in helping to refine and strengthen the business acumen of a pool of MSME operators as well as creating enduring wealth and employment in the country”.

According to Mrs. Trimnell, this year’s BET programme has been streamlined to focus mainly on Fashion and Lifestyle, Agriculture and Information and Communication Technology, pointing that the ripple effect of increased economic activity on these sectors has remained monumental on the economy.

Tagged “Pitch In 60 Seconds’’, the programme expects MSME operators who are applying to be considered for the training and grant, to submit a 60 seconds video clip showing them ‘’pitching their business idea’’ to the public.  For objectivity, the audience or viewers will be invited to vote for their favourite business idea(s). The businesses with the highest votes qualifies for the next round of selection.

Application for this year’s edition of BET is scheduled to commence on June 16, 2015 and is open to the general public. To apply, please visit: www.diamondbankbet.com for more information.



About Diamond

Diamond Bank is the leading retail Bank, using new technology and digital applications to drive financial inclusion and innovative customer experience, whilst making a significant contribution to Nigeria’s economic growth. Follow us on Twitter @DiamondbankNG

 

Thursday, June 4, 2015

DIAMOND BANK LAUNCHES DIAMOND Y’ELLO DEBIT CARD



4 June 2015 - Diamond Bank Plc today announced its plans to issue MasterCard debit cards to millions of Diamond Y’ello account holders in a move that is expected to significantly expand financial inclusion and reduce cash-based transactions in Nigeria’s economy.

The scheme, according to a statement made available to the press at the 25th World Economic Forum on Africa in Cape Town, South Africa, is targeted at ensuring that interested Diamond Y’ello account holders are issued with debit cards that will give them unhindered access to the Bank’s services and their funds at automated teller machines across the country.

Shedding more light on the rationale for the scheme, Diamond Bank’s Chief Executive Officer, Uzoma Dozie, stated that the launch of the Diamond Y’ello debit card is timely and aligns with the cashless policy of the Central Bank of Nigeria (CBN). According to him, millions of Diamond Y’ello account holders of the bank will have access to the Bank’s services while still enjoying the financial transaction freedom that are now available to the Bank’s numerous customers.

‘’With the introduction of this card, Diamond Bank has raised the bar for cashless banking in Nigeria’s financial services sub-sector. As you know, the card automatically grants account holders unlimited access to their funds and other financial transactions and also provide customers with additional interaction channels besides the agent locations. I think it is the biggest thing that has happened in the industry after the launch of the Fingerprint authentication feature on our Mobile app.”

Speaking further, Mr. Dozie stated that a core component of Diamond Bank’s strategic focus is to ensure the enhancement of the freedom of the financial lifestyle of the unbanked and under-banked by providing convenient banking services and multiple payment channels via the web and the POS, pointing that the Diamond Y’ello debit card will act as a physical link to this unique type of “account you open without documentations and other rigours associated with traditional accounts”.

It would be recalled that in 2014, Diamond Bank launched the Diamond Y’ello account into the Nigerian market as part of its financial inclusion programme to reach the unbanked.

Diamond Y’ello account, which was introduced in partnership with the mobile telecommunications giant, MTN, is a fully mobile hybrid account that offers the over 55 million subscribers on MTN Nigeria network a fusion of financial services and telecoms incentives.

Every MTN subscriber has access to a Diamond Y’ello account. Benefits include easy access to
Diamond Y’ello account holders’ community, full banking services with interest payments on account balances and access to loans via application from the subscriber’s mobile device on demand.

The Diamond Y’ello Account is activated by dialing *710# on any MTN line. According to the Bank, there are over 3 million Diamond Y’ello accounts owners who are serviced by over 500,000 agents in Nigeria.


End
About Diamond
Diamond Bank is the leading retail Bank, using new technology and digital applications to drive financial inclusion and innovative customer experience, whilst making a significant contribution to Nigeria’s economic growth. Follow us on Twitter @DiamondbankNG

Thursday, May 28, 2015

DIAMOND BANK TICKLES NIGERIAN YOUTHS WITH 2 MOUTH-WATERING ACCOUNTS



Diamond Bank has opened a window of money management opportunities that will make Nigerian youths not only to save excitedly but also to develop healthy saving character and build prudent expenditure and investment profile.  Among the Bank’s basket of financial products are two different types of accounts– Diamond Future and Cool Teens – specially created to enable teenagers save with excitement and also for parents to save for their children and easily meet their future financial  goals and needs.

The Bank’s Head of Corporate Communication, Ayona Trimnell, stated that the reason for developing the products for the youths and children is basically not because of the need to shore up its performance scorecard at the end of the financial year but to enable Nigerian youths belong to the banking community and know that they have a right to start early to chart healthy financial course in life.

“We want young people to know that Diamond Bank is not just for adults, Diamond Bank is your bank too. We have worked hard to be the bank that understands the financial needs of parents and their children and to provide the right products and support to help them save to achieve their dreams,” she stated.

According to statistics from the CBN and the Nigeria Bureau of Statistics (NBS), 63 per cent of the country’s 168 million population are under 25 years and about 64.3 per cent of this huge population that are between the ages of 15-24 do not have a bank account, leaving them with no secure and supportive way to save for future goals.

According to Ayona, an extensive research conducted by Diamond Bank in conjunction with Women’s World Banking aimed at  better understanding each client segment, opened the door for the Bank to work to meet these needs with a comprehensive offering of youth accounts specifically designed for each target client segment.
Explaining, she pointed that the Diamond Future Account is specifically designed for parents to save for their children while the Cool- Teens and S.W.A.G Accounts are for youths between the ages of 13 and 17 years of age and tertiary students respectively.

“We want to challenge young people from early teens to more mature students and Corps members, to visualize the future and work with them to bring their aspirations to life. We are excited to offer account features that will truly engage young people, motivating them to share their goals with others and challenging them to save more with contests and competitions with other youth. Most importantly, we are providing young Nigerians the opportunity to practice managing their own finances through accounts that are for them, not their parents,” she stated.

According to her, Diamond Future is a parent-controlled account for parents with children up to 18 years of age. Diamond Future partners with parents to help secure their children’s bright future with a target plan that breaks down their savings goals into manageable steps. With the target plan, parents set a five-year savings goal and determine a flexible savings plan that works for them: they decide how often and how much to deposit to prepare for elementary, secondary or tertiary education costs. Parents receive an attractive 13-month bonus for each year that they stick to their savings plan—on top of accrued interest—and they can establish free standing order instructions (automatic transfers between bank accounts) so they can be sure to achieve their goal.

With Cool-Teens, Diamond Bank offers youth their own account, so they can begin to learn how to manage money on their own. This teen-controlled account is typically designed for youth from 13-17 years of age (or secondary school pupils in more generic terms) with parental consent. This is an opportunity to put teens in control of their own finances whist teaching them how to manage their money with an account that is made for them, not their parents. The account includes a free debit card in their name with pre-set limits set by parents and offers teens the opportunity to practice managing their finances with ATMs as well as mobile and internet banking which will be managed by the parents