Abu Dhabi October 11, 2004: As part of its drive to introduce new products and upgraded facilities, ADCB has introduced a new ADCB All-in-1 Current Account that provides numerous benefits to the customer.

Customers using this new account will be able to maintain a zero-balance account and benefit from addition offerings such as Regular Overdraft, insurance products and a medical card, they can also access the branch for up to 10 transactions per month. However as part of a special promotion for the launch of the account, customers applying before December will be able to avail of an unlimited number of transactions.  In addition, the Contact Centre is always available for unlimited free telephone banking transactions.

"Our ambition is for each customer to walk away with an unequalled banking experience when dealing with ADCB.  Developing such products proves our constant and unwavering commitment to our customers," said Eirvin Knox, CEO, ADCB.

This current account allows customers to use their ATM card to withdraw cash both regionally and internationally.  Moreover, account holders receive a host of other benefits including: free life insurance in case of accidents, injury or death, a free medical card and a free ADCB credit card.

The medical card provides customers with percentage discounts at select clinics, pharmacies and consultants in the UAE - which include labs, diagnostic centres, optical and alternative medicinal centres. The medical card can be used by the account holder and their family for an unlimited number of times.

By taking an ADCB All-in-1 Current Account, customers will also receive a free membership card which provides them with discounts at select retail outlets across the UAE.

For only AED 30 per month, customers will be able to maintain the account without any minimum balance.   

Ajay Bimbhet, Head of Retail at ADCB said, "ADCB is constantly offering extremely competitive benefits and upgrades to our products. We continue to build on existing products whilst also developing new initiatives that not only meet but exceed our customer's expectations. This new ADCB All-in-1 Current Account provides our customers with the ease and convenience needed in their day to day activities.  We realise our customers are seeking for one card that serves all their needs, and the ADCB All-in-1 Current Account is just the solution."

For more information on ADCB's new All-in-1 Current Account, customers can contact their local ADCB branch or call the contact centre on toll free: 800 2030.

-Ends-

About ADCB
Abu Dhabi Commercial Bank (ADCB) was formed in 1985, as a public shareholding company with limited liability, upon merger of Emirates Commercial Bank and Federal Commercial bank with Khaleej Commercial Bank.

ADCB's paid up share capital of AED 1,250 million (USD 340 million) is the largest in the UAE. The Government of Abu Dhabi, through Abu Dhabi Investment Authority (ADIA), holds 65% of the capital while the rest is held by various UAE Institutions and Nationals.

ADCB is among the top three banks in the UAE with assets of AED 28.7 billion and operating income of AED 940 million.

Joanne Kubba,
Account Manager
Impact Porter Novelli
Emirates Towers, 16th Floor
P.O.Box 19791,
Dubai,
United Arab Emirates
Tel: +9714 330 4030 ext. 405
Fax: +9714 330 4031
Mobile: +971 50 655 6710
Email: j.kubba@ipn.ae

© Press Release 2004