Barclays unveils new product
Mar 04, 2010
Barclays Bank and a consortium of nine companies have launched of a new service.
By Emojong Osere
Barclays Bank and a consortium of nine companies have launched of a new service.
The Premier Life Banking Service allows special account holders to access the bank’s and the collaborating firms’ services at discounted rates.
“The service is designed to meet the needs of customers who prefer a more exclusive service,†Charles Ongwae, the managing director, said during the launch at the Kampala Serena Hotel on Tuesday.
The bank will open premier life centres countrywide for the service.
The new product has services like meeting rooms, Internet, off-shore banking and preferential rates. One pays sh45,000 a month to access the service and get to an international visa electronic debit card.
The collaborating firms include Emin Pasha, Mweya Safari Lodge, Ssesse Island Beach Hotel, Select Garments and the Sylvia Owori Boutique.
Others are Karibuni airport lounge, the Kampala Serena Hotel, Air Uganda and Glamour Images.
Barclays, which is expected to pay-out 1.5 billion Pounds (sh3 trillion) in staff bonuses for 2009 across the business and a further 1.2 billion Pounds (sh2.4 trillion) over the next three years, will post a monthly charge of sh45000 to access the premier services.
Service subscribers would also be entitled to an international Black Premier Life Visa Electronic Debit Card and a life insurance.
The companies the bank in collaborating with include Emin Pasha, Mweya Safari lodge, Ssesse Island Beach Hotel, Select Garments and Sylvia Owori boutique. Others are Karibuni airport lounge, Kampala Serena Hotel, Air Uganda and Glamour Images.
The account holders will have access to the nine company’s services at negotiated rates.
“Our aim is to provide all our customers with a great banking experience,†Ongwae added.
Eligible premier account holders at the bank, which financed its recent bail-out scheme by raising cash from Arab tycoons including Manchester City owner Sheikh Mansour, will however, be mandated to have a net income of sh1.5 million for Kampala-based customers and sh1.2 million for clients in other parts of the country.
Customers wishing to enjoy a 50% discount of the sh45000 monthly charge will on the other hand, be required to maintain sh10 million in their primary current accounts.
The launch makes Uganda the second East Afican economy to run primer life services after Kenya.
Barclays Bank and a consortium of nine companies have launched of a new service.
The Premier Life Banking Service allows special account holders to access the bank’s and the collaborating firms’ services at discounted rates.
“The service is designed to meet the needs of customers who prefer a more exclusive service,†Charles Ongwae, the managing director, said during the launch at the Kampala Serena Hotel on Tuesday.
The bank will open premier life centres countrywide for the service.
The new product has services like meeting rooms, Internet, off-shore banking and preferential rates. One pays sh45,000 a month to access the service and get to an international visa electronic debit card.
The collaborating firms include Emin Pasha, Mweya Safari Lodge, Ssesse Island Beach Hotel, Select Garments and the Sylvia Owori Boutique.
Others are Karibuni airport lounge, the Kampala Serena Hotel, Air Uganda and Glamour Images.
Barclays, which is expected to pay-out 1.5 billion Pounds (sh3 trillion) in staff bonuses for 2009 across the business and a further 1.2 billion Pounds (sh2.4 trillion) over the next three years, will post a monthly charge of sh45000 to access the premier services.
Service subscribers would also be entitled to an international Black Premier Life Visa Electronic Debit Card and a life insurance.
The companies the bank in collaborating with include Emin Pasha, Mweya Safari lodge, Ssesse Island Beach Hotel, Select Garments and Sylvia Owori boutique. Others are Karibuni airport lounge, Kampala Serena Hotel, Air Uganda and Glamour Images.
The account holders will have access to the nine company’s services at negotiated rates.
“Our aim is to provide all our customers with a great banking experience,†Ongwae added.
Eligible premier account holders at the bank, which financed its recent bail-out scheme by raising cash from Arab tycoons including Manchester City owner Sheikh Mansour, will however, be mandated to have a net income of sh1.5 million for Kampala-based customers and sh1.2 million for clients in other parts of the country.
Customers wishing to enjoy a 50% discount of the sh45000 monthly charge will on the other hand, be required to maintain sh10 million in their primary current accounts.
The launch makes Uganda the second East Afican economy to run primer life services after Kenya.