| Azlan Othman |
THE culture of saving is very important and Standard Chartered Bank (SCB) is promoting it by providing different types of products, said Rino Donosepoetro, the Chief Executive Officer (CEO) of SCB Brunei.
The bank is quite big in supporting the culture of savings in the Brunei community, he told the Bulletin during a sideline interview at the launching of the National Savings Day 2016 at Perpindahan Lambak Kanan Primary School yesterday.
“One way is through the Money Matters column in the newspaper, which essentially helps educate the society on financial literacy,” he added.
Another method is through the ‘Smart Saver’, which is an investment fund product that works like a savings account. Essentially, instead of putting funds straight upfront, the clients can save money every month for as low as $100. Instead of going into the normal savings account, the money is saved through the investment fund that the person wishes to use.
Rino Donosepoetro (2nd L), Chief Executive Officer of Standard Chartered Bank during the launching of National Savings Day 2016 yesterday
Speaking on the activities the bank lined up yesterday, Rino said that they are part of a month-long programme targeting schools nationwide. “Coin boxes, money boxes and games for the students placed at the SCB booth teaches the students the basics of saving and future planning,” he said.
Meanwhile, Siti Aminah binti Haji Abdul Rahman, the Assistant Manager of Wealth Management and Bancassurance at Baiduri Bank, told the Bulletin that they have been promoting financial planning to the primary to tertiary students and working groups.
Siti Aminah binti Haji Abdul Rahman (3rd R) and other staff of Baiduri Bank with the primary school students. – PHOTOS: AZLAN OTHMAN
“We see this National Savings Day focusing on primary school students as a very good hand-in-hand programme with the government. Baiduri Bank has showcased three customised financial games for younger children on ways to start their savings journey. The bank also held roadshows at primary schools and gave talks on the basics of financial planning,” she said.
Baiduri Bank is also one of the flagship sponsors for the Junior Achievement Programme which enters its third year. It is a very popular programme where staff of the bank visit schools to see the juniors’ progress in setting up a business. They really go outside and sell their own products, she noted.
“We are also introducing more financial planning talks and investment seminars for the public and facilitating trading on stock exchange and in foreign exchange,” she added.
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