The New Finance Bank (NFB) has introduced a promotion dubbed Moto Buu in which customers will win various cash prizes.

Launched on Friday in Lilongwe, Moto Buu is among other things meant to appreciate, cultivate and accelerate the bond between NFB and its customers.

Speaking at the launching ceremony, NFB Chief Commercial Officer Bernard Mkandawire said the bank was delighted with the passion people in Malawi have invested in the bank hence prompting them to give the best innovative banking products and services.

“It is with this spirit of our growing bond and being a people’s brand that we are unveiling Moto Buu in order to strengthen our bond with customers and promote the culture of saving,” Mkandawire said.

He further said the promotion will involve mobilization of deposits through individual and group savings accounts for both existing and new customers.

Mkandawire said that for one to enter the promotion, they need to deposit a minimum of MK20, 000 into their savings account and maintain it for one month to qualify for the monthly prizes adding that a block of MK20, 000 will count as a single entry.

“The more deposits one makes the higher the chances of winning and we believe this promotion shall excite the market and drive more rewards to customers,” he said.

According to Mkandawire, the ultimate prize in the three-month promotion is K1 million. There will also be monthly prizes of MK100, 000, MK50, 000 and consolation prizes of 30 branded merchandise.

The promotion has been unleashed a month after NFB listed on the Malawi Stock Exchange and also completed the acquisition of Pride Malawi Assets, a microfinance institution.

“Our success story is an amazing one. We remain a formidable force in the banking industry, adding excellence to our pride a lion.

“We will stop at nothing to give out the best innovative banking products and services that are driven by sound solutions as well as customer needs,” Mkandawire said.