Postbank commemorated the World Savings Day under the theme: ‘If yousave a bit, big things happen.’ The theme emphasizes the importance of saving to accomplish goals perceived to be too expensive or out of reach and building safety nets to prevent financial disasters. Speaking at the bank’s head office branch, the Managing Director, Mr. Raphael Lekolool thanked the bank’s customers for their loyalty and contribution in enabling the institution to achieve its mandate. He further added that the bank recognizes that savings is critical for individual and collective prosperity as a nation. In achieving the mandate, Mr. Lekolool said that as a bank, they will continue to review their product offering to continue meeting customers’ needs. “We endeavour to help you achieve financial independence by offering superior and affordable savings products while delivering excellent service,” Mr. Lekolool said.
Further, he reaffirmed the bank’s commitment to ensure that more Kenyans save. He emphasized that the bank is repositioning itself in the savings space through digital innovations and high yielding savings solutions.
In line with this year’s theme, the Managing Director imparted financial tips to the bank’s customers. He stressed on the need to live economically in an effort to ensure that one is equipped for the future. “In line with our World Savings Day 2020 theme: ‘When you save a bit, big things happen,’ I encourage each one of you to have a dream; think about your future and what you would want for yourself and your family, develop short, medium and long term goals, work out a budget and live economically to ensure that you are equipped for the future.”
The World Savings Day is an annual event commemorated to increase the public’s awareness on the importance of savings for both modern economies and individuals all around the world. It is observed on October 31st every year to promote the importance of savings and restore people’s confidence in banking and more especially in savings. It is important for Kenyans, from all walks of life to adopt a savings culture as it enhances financial independence.
Postbank’s is primarily engaged in the mobilization of savings for national development. The bank offers savings products whose interest is not taxed. Savings is important to the economic progress of the country given its relationship to investment. Postbank has a role to drive financial inclusion in Kenya hence the need to celebrate the day.