Heritage Bank has launched HB SkoolBank, a new value proposition targeted at education sector stakeholders ranging from school owners, parents and students across different levels.

The new proposition is developed to improve the education system, support and empower the entire school community through a bouquet of various exciting financial product offerings. This is in a bid to further strengthen the bank’s innovation-driven commitment to provision of value-enhancing banking services

Ifie Sekibo, MD, Heritage Bank

Ifie Sekibo, MD, Heritage Bank

In a news release to herald the launch of the product, Heritage Bank’s Executive Director, Ivory Banking, Mrs Mary Akpobome said, “The SkoolBank proposition is an offshoot of a vision of Heritage Bank to transform the education landscape of the nation and prepare a generation that is well armed to meet the highly technical challenges of the next century”.

Akpobome added that “The task of creating the right attitude and the enablement that can engage our children on the importance of savings and financial empowerment is the core focus of SkoolBank”

Explaining further, she stressed that, “The HB SkoolBank is not a savings account. It is a proposition that warehouses or carries under its umbrellas different propositions such as deposits, loans, project financing, lease and more. This proposition caters for all the needs of anyone affiliated with a school at the primary, secondary and tertiary institutions”.

Group Head Cowry Banking, Davidson Regha, equally noted that “With the rising economic challenges that continue to threaten infrastructure development in the education sector, thereby leading to increment in tuition at schools and universities, our goal is that this new education bundle will help to fill the financing gap many students and parents are faced with. We look forward to offering this excellent opportunity with required efficiency and know-how to our numerous customers”.

Regha described further explained that the SkoolBank offering would cater for teachers’ education/training, loan and lease facilities for car and mortgage. It would also enable Students to access training curriculum, savings, insurance cover, financial literacy, discount cards, online learning among other value offers. Additionally, the HB SkoolBank benefits for Parents include school fees loan, direct debit, car lease and children insurance while the school itself would be able to collect school fees with ease through improved performance applications, various facilities and partnership offerings.