Sterling Bank Deploys 700 ATMs


STERLING Bank Plc is planning to increase the number of its Automated Teller Machines, ATMs, nationwide from 585 to 700 before the beginning of next year. This is to enable its customers to transact business with ease in the coming year and also to cushion the effect of the recently re-introduced charge on remote-on-us ATM transactions on its customers.

The bank also said it would start the 2015 financial year with 5,000 Point of Sales, PoS, terminals. A statement from the bank explained that the additional ATM galleries would be put in place in strategic locations nationwide while a robust infrastructure to support the expansion has also been put in place.

Yemi Adeola, managing director of the bank, said the move would support the Central Bank of Nigeria’s, CBN’s cashless policy.

Also, Shina Atilola, group head, strategy and communications of the bank, said the bank has almost doubled its ATM count between December 2013 and September 2014. “We started the year with 300 ATMs but aim to close the year with about 700. This would involve additional deployments at existing locations, partner locations and ATM galleries,” he said.

Atilola also stressed that the public needed to know that beyond cash withdrawals, customers could confirm their account balances, do transfers (inter and intra bank), pay bills such as electricity and DSTV and buy air time at the bank’s ATMs

Fidelity Bank Rewards Customers

Reginald Ihejiahi, MD, Fidelity Bank
Reginald Ihejiahi, MD, Fidelity Bank

FIDELITY Bank Plc has rewarded 33 lucky customers with N11.62 million in the fourth draw of its ‘Save-4-Scholarship’ promo. Speaking at the event, Chijioke Ugochukwu, executive director, shared services of the bank, said as the name of the promo implies, the bank was focusing on cash awards to support education.

“This is because of the importance the bank, the country and individuals everywhere attach to education and the opportunities it offers. Education is the platform for generational transformation everywhere in the world and Nigeria is not an exception. It is Nigeria that a driver’s son can rise to have a master’s degree, it is in Nigeria that a market women can train six people schooling in the United States, and these are the type of things that the bank intends to encourage. We want a situation where someone will grow up tomorrow and say he was able to attain a certain level of education because of the money his parents won from the promo,” she said.

Commenting on the promo, Richard Madiebo, head of retail banking of the bank, said it would help the customers develop a culture of setting aside a fraction of their income to meet future needs. At the end of the draw, Charles Ukachukwu won the star prize of N2 million. Another customer from Lagos state, Chukwujekwu Osai won N1 million, while a total of eight customers of the bank across the country were rewarded with N500,000, respectively, 21 other lucky customers were rewarded with N210,000 each. In addition, generators and refrigerators were also won.

— Jan. 5, 2015 @ 01:00 GMT


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