Apr 12 2008
|more articles from|
BMI acquires Diners Club Bahrain
Announcing this strategic development, Andrew Bainbridge, Chief Executive Officer of BMI said:
"I am delighted that we are acquiring the Diners franchise for Bahrain. Diners is a prestigious brand and an offering that gives important additional benefits to our customers. In addition, this acquisition adds an acquiring capability to our business, enabling us to further deepen relationships with many of our commercial customers. We intend to invest further in the brand and the services as part of our ambition to provide great products and service to all of the residents of Bahrain."
Diners Club was the first independent credit card company in the world, launched in 1950. In addition to worldwide acceptance and cash advances at over 12 million locations in over 200 countries, Diners Club affords the affluent cardholder with extra amenities including access to 85 Club airport lounges around the globe, 24 hour emergency card replacement, customer service as well as hotel reservations and a comprehensive range of insurance options amongst others.
" BMI 's card portfolio in Bahrain has been growing at a fast pace, as evidenced by our solid performance in the first quarter where we acquired more new customers than in the full-year 2007. The addition of Diners Club to our suite of card offerings will allow us to better serve our most affluent clients. Positioned alongside our other market-leading cards, Diners Club will give customers more benefits and value to suit their lifestyle. This will include access to Airport Lounges and travel services, as well as a host of global offers. Through our enhanced distribution capability and customer-focused team of people we will invest in and grow this exciting business." added Rob Giles, Head of Cards at BMI .
BMI currently offers its customers a range of retail products and services including SME Banking, Mortgage, Consumer and Vehicle Loans, Credit cards, savings and current accounts with plans to shortly launch Visa Electron Cards.
- Ends -
About BankMuscat International ( BMI )
BMI , set up in January 2005, is a Retail Bank, registered in Bahrain and regulated by the Central Bank of Bahrain and offers all retail and commercial banking activities. BMI has been set up in association with some of the strongest and most respected financial institutions from across the GCC region including BankMuscat SAOG (Oman), Royal Court Affairs (Oman), Overseas Investment (Bahrain), Istithmar World Capital (UAE) and Global Investment House (Kuwait). BMI was set up with a vision to become a dynamic regional bank providing innovative and unique financial solutions. BMI recently received its license to open its first overseas branch in Qatar and to operate an offshore bank in Seychelles.
About Orient 1
Orient 1is registered in Bermuda and holds franchise licenses for 4 Diners Club businesses in the Middle East region
For further information, please contact:
Head, Corporate Communications
© Copyright Zawya. All Rights Reserved.
- 93-year-old Florida mayor seeks re-election for 20th term in office
- U.S. president sweats over sweaters during NY shopping stop
- NY brothers admit guilt in violent Jewish divorce scheme
- UPDATE 1-When Zach met Barack: pitching Obamacare online
- Toddler found with heroin at New Jersey daycare center
- There's More
Related to this article
- BMI Bank posts net profit of USD 0.8 million for the first half of 2012
- The globesity opportunity
- SKMC Holds its Monthly Public Lecture about Obesity on 17 July 2012
- BMI Bank announces two month deferment on installments