Membership Requirement

  • All Nigerians from the age of 16 years and above resident in or outside Nigeria.
  • Membership is open to Nigerians from all works of life.
  • Each Member must hold both the minimum ordinary shares and investment shares applicable to the desired tier of membership.

Admission Procedure

  • Everyone interested in joining Greenbnk Cooperative must do so through written application form or our online application forms.
  • Memberships must meet the mandatory Know Your Members (KYM) criteria on the forms.
  • Member must meet the initial minimum entry registration contribution of N1,000.00 ($1.00).

 

 

Classes Of Membership

Ordinary

  • Minimum ordinary shares of 20 units and maximum of 20,000 units at N50.00/share.
  • Minimum Investment Threshold: N1,000.00 to N25,000.00
  • Interest Rate: 2% per annum. (Subject to Money Market Rates)

Bronze

  • Minimum ordinary shares of 1000 units and maximum of 20,000 units at N50.00/share.
  • Minimum Investment Threshold: N51,000.00 to N200,000.00
  • Interest Rate: 4% per annum. (Subject to Money Market Rates)

Pyramid

  • Minimum ordinary shares of 500 units and maximum of 20,000 units at N50.00/share.
  • Minimum Investment Threshold: N26,000.00 to N50,000.00
  • Interest Rate: 3% per annum. (Subject to Money Market Rates)

Silver

  • Minimum ordinary shares of 5000 units and maximum of 20,000 units at N50.00/share.
  • Minimum Investment Threshold: N201,000.00 to N1,000,000.00
  • Interest Rate: 5% per annum. (Subject to Money Market Rates)

Gold

  • Minimum ordinary shares of 20,000 units and maximum of 20,000 units at N50.00/share.
  • Minimum Investment Threshold: N1,001,000.00 to N5,000,000.00
  • Interest Rate: 7% per annum. (Subject to Money Market Rates)

Platinum

  • Minimum ordinary shares of 100,000 units and maximum of 20,000 units at N50.00/share.
  • Minimum Investment Threshold: N5,000,000.00 and above.
  • Interest Rate: 10% per annum. (Subject to Money Market Rates)

Benefits

  1. Savings attracts interest on per annum basis.
  2. Ordinary Shares earns minimum interest on per annum basis.
  3. Investment Shares earns minimum interest on per annum basis.
  4. Investment shares attract capital appreciation as 40% of total net profit is re-invested in investment project for expansion and continuity.
  5. Investment shares attract profit sharing as 60% of total net profit is shared proportionate to volume of shares of each member.
  6. Access to various baskets of investment opportunities.
  7. Flexibility to divest shares and also increase investment shares.
  8. Access to cooperative loans.
  9. Access to business project syndication.
  10. Members have the flexibility of making their ordinary or investment shares acquisition at once in bullet form or prorated on weekly or monthly basis.

Register & Make Contributions

You can make your contribution through Bank transfer or cash deposit with clear narration of member`s name and purpose (e.g. Contribution, ordinary shares, investment shares).

Account Name:

Greenbnk Global Investment Cooperative Society Ltd

Bank Name:

United Bank of Africa plc (UBA)

Account Number:

1028439199