Aso Savings and Loans Plc has recorded gross earnings of N10.012 billion for the financial year ended March 31, 2010.
The result indicated a drop of N78 million or 0.77 per cent when compared with N10.090 billion recorded in the preceding year.
The audited results submitted to the Nigerian Stock Exchange (NSE) and made available to LEADERSHIP showed that the institution also posted loss after tax of N3.247 billion compared with profit after tax of N873.48 million recorded in preceding year.
It said that the Net Asset Value stood at N1,796.12million compared with N5,477.53 million in March 2009.
Meanwhile the bank recently introduced a new savings promotion as part of measures to empower its customers to cultivate savings habit
The Save & Win promo is a 6-month customers’ acquisition and account growing marketing campaign that promises to reward lucky winners with prizes. Some of the prizes to be won include 20 flat screen television sets, 30 refrigerators, 40 deep fryers and 50 microwave ovens, while a star prize winner would win a three bedroom super deluxe bungalow in a choice part of Abuja.
Speaking on the promo,the managing director of the mortgage finance firm, Hassan Musa Usman, said that the promotion was set as a platform for acquisition of property for both its prospective, old and new customers.
“we have designed this promotion as a property acquisition platform for all our prospective, new and old customers. It is also a financial empowerment medium through which a customer can cultivate good savings habit,” he added.
The managing director said that the company has different premium products carefully designed to match individual’s financial capacity no matter the level of income.
He said that for the Opal Account, a customer is expected to open account with a minimum balance of N10, 000, the Pearl Account with a minimum balance of N20, 000, Ruby Account, with a minimum balance of N200, 000 while the Black Diamond Account required N500, 000 as minimum balance.
?