BancABC re­wards top de­pos­i­tor

Chronicle (Zimbabwe) - - National News - Leonard Ncube Vic­to­ria Falls Re­porter

CHINOTIMBA Pri­mary School in Vic­to­ria Falls has won a ve­hi­cle in a com­pe­ti­tion be­ing run by BancABC Lim­ited.

The bank launched the com­pe­ti­tion last year un­der which it re­wards in­sti­tu­tions that main­tain a min­i­mum monthly bal­ance of at least $10 000.

This is meant to en­cour­age busi­nesses and in­sti­tu­tions to keep their money in banks.

Chinotimba Pri­mary School was on Tues­day pre­sented with the prize of a Nis­san truck af­ter beat­ing 200 other schools coun­try­wide, to be­come the win­ner of the com­pe­ti­tion for 2016.

The prize came as a sur­prise to the school as the bank man­age­ment kept it a se­cret un­til the event.

It was joy and ju­bi­la­tion as pupils and teach­ers wel­comed the car with song and dance with chil­dren go­ing into a cho­rus “Thank you to BancABC.”

Pre­sent­ing the prize at the school BancABC head of re­tail depart­ment Mr Ru­faro Ha­tendi said the fi­nan­cial in­sti­tu­tion was a bank for schools.

“We started this cam­paign last year and Chinotimba Pri­mary School was one of the schools that par­tic­i­pated af­ter open­ing an ac­count with our Vic­to­ria Falls branch.

“I am pleased to say Chinotimba Pri­mary School came out the win­ner of the com­pe­ti­tion out of 200 schools par­tic­i­pated coun­try­wide and there­fore wins this truck,” said Mr Ha­tendi.

An elated Mrs Cyn­thia Khu­malo, Chinotimba Pri­mary head­mistress, said the ges­ture trans­forms the school into a self-sus­tain­ing in­sti­tu­tion.

“We are very ex­cited as a school and we want to thank BancABC for this ges­ture.

“We are no longer go­ing to hire trans­port for our ac­tiv­i­ties es­pe­cially when we go to pro­cure our items such as co­bra and books as well as car­ry­ing equip­ment for our extra-cur­ric­u­lar ac­tiv­i­ties,” said Mrs Khu­malo.

She said the school now has a fleet of three ve­hi­cles.

“This came as a sur­prise to us as we were only told to­day. We knew they were com­ing but we didn’t know the rea­son as we waited the whole day.

We are now a self-suf­fi­cient school. We had an El­grand and a bus we pur­chased is on its way and this adds to our small fleet.

“We opened an ac­count with the bank and de­posited money, which we were sav­ing to buy a bus.

Each par­ent was pay­ing $55 to­wards pur­chase of a bus and we had a bal­ance of $60 000 in our ac­count when we en­tered the com­pe­ti­tion and we made sure it had at least $10 000 ev­ery month,” added Mrs Khu­malo.

She said the school will main­tain the ac­count with the bank.

BancABC is an in­no­va­tive bank­ing and wealth cre­ation part­ner that of­fers world­class fi­nan­cial prod­ucts and ser­vices that in­clude cor­po­rate bank­ing, trea­sury ser­vices, re­tail and SME bank­ing.

The com­pe­ti­tion is tai­lor-made for burial so­ci­eties, as­so­ci­a­tions, non­govern­men­tal or­gan­i­sa­tions, schools, churches and em­bassies.

To qual­ify, the ac­count holder has to main­tain a min­i­mum bal­ance of $10, 000 or more per month.

This in­sti­tu­tional ac­count can as­sist in achiev­ing earn­ings on daily cash at no monthly fixed fee with free ac­cess to sav­ings — @ncubeleon.

Mrs Cyn­thia Khu­malo, Chinotimba Pri­mary School head­mistress, re­ceives car keys from a BancABC rep­re­sen­ta­tive

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