A current account for individuals that offers an interest rate of up to 1.5% p.a.
Manama, Bahrain 30th January, 2012: Bahraini retail and commercial banking institution, BMI Bank, today announced a revised interest rate of 1.5% p.a. on its super current account with interest calculated on an Average Monthly Balance (AMB) and credited into the customer's account on a monthly basis. The account which offers customers the flexibility of a regular current account with the benefit of higher returns usually associated with fixed deposits also includes a wider array of channels to ease transactions including a free cheque book; Visa enabled debit card and access to net banking. The account can be opened by individuals as well as corporations.
Jamal Al-Hazeem, Chief Executive Officer of BMI Bank said:
"As a responsible local Bank, we believe it is our responsibility to play a leading role in assisting our loyal customers who place a lot of faith in us, better manage their finances. This in turn helps in simplifying their lives and makes our Bank a stronger choice for customers. Offering an interest of up to 1.5% p.a., our Super Current Account is today, one of the best within its category and gives customers the flexibility to access their funds at any time without paying any penalties unlike regular fixed deposits.
The revision in interest rate is in line with our commitment to constantly improve our product offering based on customer feedback and follows the recently revised Ayadi Savings Scheme launched earlier this month offering bigger cash prizes of USD 1.69 million including USD 1 million worth of grand prizes given away during the three Eids."
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About BMI Bank B.S.C. (c)
Bahraini retail and commercial banking institution, BMI Bank is a retail bank, registered in Bahrain and regulated by the Central Bank of Bahrain offering a full range of retail and commercial banking services. BMI Bank operates in Bahrain through a network of 10 branches and 30 ATMs with net banking for easy access to services.
BMI Bank also operates an Offshore Bank in the Seychelles, a branch in Qatar and has a 21.33% shareholding in Gulf African Bank in Kenya. BMI Bank owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain. BMI Bank's shareholders include some of the strongest and most respected financial institutions across the GCC, including BankMuscat.
BMI Bank currently offers its customers a range of retail products and services including savings and current accounts, Ayadi savings account, credit cards including Diners Club and La Carte, a co-branded credit card in partnership with Geant Hypermarket Bahrain, consumer and vehicle loans, mortgages and fixed deposits. In addition to Retail Banking, BMI Bank offers full Premier Banking, Private Banking, Wholesale Banking, Islamic Banking and Treasury services.
For further information, please contact:
Gordon Andrade
Head, Corporate Communications
BMI Bank - Bahrain
E-mail: gordon.andrade@bmibank.com
Cell: +97339782225
© Press Release 2012
