World Savings Day: Standard Bank promotes lecture to students

The lectures served also to measure the level of knowledge about savings among the student community, through contests.

As Victor Jardim, Head of Private and Business Banking from Standard Bank, said, the celebration of October 31 has been a tradition in the country, and Standard Bank promotes financial education on savings in schools.

“These two education institutions, with which we have been working annually, have been challenged to give these knowledge transfer exercises in the context of financial education for their students, so they can learn and put into practice the culture of savings”, said Victor Jardim.

The main lessons passed on to students, according to the bank representative, were that “our  society needs to be educated to make better use of its available cash and that to save you do not need a lot of money, it is a matter of being disciplined and comply with a previously prepared plan”.

In turn, the lecturer of Commercial Institute of Maputo, Paulo Rassul said that the lectures promoted by Standard Bank have been important because students and the public in general needs financial education.

“People have various ways to save money. But the best way to do it is through bank deposit” said the lecturer, adding that, as an education institution, “we established a strategic partnership with Standard Bank, in order to introduce financial education in our syllabus because we need to teach the subject in our day-to-day activities”.

After participating in the lecture and cultural events promoted by the bank, Shelcya Lordes, student of 1^st year of Management course at ICM, said that she learned that “saving is not only about saving large sums of money for huge expenses, it is also possible to save money with coins for small expenses”.

“The secret of saving money is to save to meet future needs”, said Shelcya.