Stanbic IBTC Bank PLC has introduced a new product, the Blue Blossom account, specifically for women.
The Blue Blossom account, which was launched at a virtual event at the weekend is tailored to help women get better and easier access to business finance.
“This product aims to help bridge the financing gap for women in careers/businesses and to promote women’s economic empowerment, in line with the CBN’s Nigerian Sustainable Banking Principles,” said Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC.
Giving further information on the product, the bank said with a minimum account opening balance of N20,000, a Blue Blossom account holder has a zero current account maintenance (CAM) fee, with access to loan facilities at highly competitive rates.
Remy Osuagwu, Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC, also mentioned that the Stanbic IBTC Blue Blossom account is in line with Stanbic IBTC Bank’s long-standing commitment to enable enterprise and empower women, their businesses and careers.
Olajumoke Bello, Head, Product and Strategic Partnerships, Stanbic IBTC Bank, while unveiling the product, stated that the Blue Blossom Account confirms its unabated drive to promote financial inclusion, especially among women.
Omolola Fashesin, Head of Sustainability, Stanbic IBTC Holdings PLC, stated that the new offering is a product of an intense research study by the organisation, which revealed that over 40 per cent of its customers are females.
Nike Majekodunmi, Founder and CEO, Nuts About Cake Ltd, who was also the Guest Speaker at the virtual product launch, said: “Looking for money for my business was one of the most humbling experiences of my life. I have accessed finances several times from different institutions, so I’d encourage every woman to go for it.”