The total
savings held by the CDNS stood at Rs 1,150 billion by June 30, while the directorate had Rs 774 billion
savings by the same date, a year ago, he said.
The MP2
Savings is Pag-IBIG Fund's voluntary
savings program that yields higher dividends compared to the regular Pag-IBIG Fund
Savings program.
This year, it took only six months for MP2
Savings collections to reach P4.66 billion, surpassing the total amount collected for the entire 2018.
As a result of their trust, Members'
Savings collections breached the P40-billion mark.
In its share-purchase agreement with the Ropali group, one condition precedent for the closing of the transaction was the approval of the BSP along with the subsequent merger between City
Savings and PR
Savings.
Commenting on the campaign, Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management at Emirates Islamic, said: "We believe in encouraging our customers to secure their future through increased
savings. By offering more rewards with our
Savings Accounts, we hope to create greater opportunities for our customers, and I am confident that this campaign will be well-received by our customers."
Customers can choose from a range of accounts such as the Kunooz
Savings account, E-savings account, Super
Savings account or Investment
Savings account.
Most of us know the importance of
saving. However, not many of us are aware about World
Savings Day, its history and World
Savings Banks Institute among others, Private news channel reported.
SSBBank has now merged into Eaton Federal
Savings Bank.
Central Directorate of National
Savings (CDNS) raises interest rates up to 1.09 percent for national
saving schemes.
The financial authorities are set to put the brakes on
savings banks' "predatory lending" practices to low-income earners.