In a sign that demonstrates that indeed 'Cash is King', those privileged few are afforded privileges like dedicated bank managers who look after their investment affairs, issued with platinum credit cards that match their status, reserved parking and are serviced at lavish bank suite far away from the long queues that have become the norm in local banking halls. Stanbic Bank raised its game on Thursday when it launched Private Banking - an offering targeting high value clients.
Barclays Bank, which had a successful VIP offering known as Prestige banking, is said to be busy preparing to launch Premier Banking, exclusively for the wealthier customers.
First National Bank Botswana (FNB), which has become a leader in product innovation, has been servicing its top-notch customers through an offering called Private Clients under its Wealth Management division. Standard Chartered Bank has Excel Banking, of which one has to maintain a minimum of P25, 000 in their accounts to be a member.
In a sign that Standard Chartered is also targeting the VVIP market, it will soon introduce a more superior offering called Priority Banking to the Botswana market.
