The free for life credit card packs a range of whopping features designed to put a smile on the customers' face.

United Arab Emirates, 1st November 2006 - Close on the heels of its cutting-edge car loan, CBI, Commercial Bank International has launched its feature-packed credit card with an interest rate of 1.25% ­- the lowest in the market.

A product that is set to surprise customers and stun competition, CBI's Credit card is also free for life.  This product offering is in line with the bank's new strategy of recent corporate identity and motto that states: 'You asked. We answered'.

"We intend to take retail banking to new heights," said Mr. Mahdi Kilani Head of CBI Retail Banking Group. "In keeping with our new motto to answer all our customers' needs our low-interest credit card will strengthen our current positioning in the market. By giving such low interest rates which is unbeatable in the market, we hope to reward our customers and gain a sizeable market share."

Mr. Mahdi also stressed on the free for life feature of the card, saying the bank keeps its customers interest as top priority. The CBI Credit Card allows 100% cash withdrawals unlike its competition and offers a card limit of up to three times the salary of the customer. We have been actively launching new product offerings with the most competitive features in the market that answer our customers' needs- for example our lowest interest rate car loan at 3.75% and the longest personal loan tenure up to 200-months!'

The CBI Credit card is supported by the bank's 24-hour contact centre, and a convenient network of branches and ATMS.

Being able to offer the lowest interest rate and very attractive features for credit cards reflects the core values of CBI's banking service, which revolve around customer-centric service and make banking solutions within everyone's reach.

The credit card is just one of the many products that CBI has in the pipeline to be introduced in the market. Most of the products have been designed to suit the dynamic and rapidly evolving customer needs extending towards real estate, Islamic banking and brokerage services.

CBI is making a concerted effort to be identified as an organisation that understands what people need and become the bank with all the answers.

-Ends-

About Commercial Bank International (CBI)
CBI started operations on May 1991 with one branch in Ras Al Khaimah and one in Dubai with a paid up capital of AED 44 Million and authorized capital of AED 100 Million.

Currently CBI has a network of 8 branches and 18 ATMs spread across the Emirates, in addition to the Call Centre. The staff strength is 400, of which 30% are UAE Nationals.

Issued on behalf of Commercial Bank International by tamra C2 For further press information please contact Khalil Majdalawi on:
Tel. (971) 4 2951177;
Fax: (9714) 2951188.
E-mail: khalil@tamra-c2.com 

© Press Release 2006