BY GEORGE MANGULA
Commercial Bank of Africa (CBA), which opened shop in Uganda in 2014 as an affiliate of CBA Kenya, has now launched its private banking service for diplomats, senior government officials and the wealthy.
CBA sources said the new unique service, which starts this week, “will give the targeted clients exclusivity, convenience and personal touch never seen before in Uganda- giving clients different banking options.”
Dorothy Nyakana, the bank’s Private Banking Manager, says the service targets salaried employees earning net salaries of shs10 million and above. It also targets top professionals including lawyers, engineers and businessmen with a net of shs1 billion.
“We …took time creating an attractive deposit option coupled with preferential lending terms to help manage and grow our customers’ wealth and enhance the client offering for our private banking clients,” Ms Nyakana says.
Ms Nyakana says that the CBA private Banking Account defines the spectrum of value propositions, a dedicated private banking relationship manager, access to preferential foreign currency exchange rates.
She adds there is choice of either a shilling and dollar Gold credit card and a globally accepted priority pass that is accepted in exclusive lounges in more than 800 airports worldwide.
The manager says they are hopeful the new service will make the bank a key player in this market, “especially as we are renowned for enhanced customer service experiences attained through robust information systems and efficient communication platforms.”
Nyakana says those who will open the private banking account with CBA will receive comprehensive and flexible range of products and benefits such as home loans, business loans, overdrafts, fixed and call deposits.
The financial products, according to Ms Nyakana, are offered at preferential rates.
