United Arab Emirates, Dubai- 6 July 2008: Emirates NBD announced the launch of the Credit Card Installment Plan which allows Emirates Bank cardholders to convert any retail purchases over AED 1000 into an installment plan and settle in easy and convenient, monthly installments.
Mr. Suvo Sarkar, Emirates NBD General Manager, Retail Banking said, "The Emirates Bank Installment Plan is devised to offer our cardholders a quick, easy and convenient solution to high-ticketed purchases. The installment plan is very consumer-centric and offers the customer an array of attractive key features which will inevitably help them to enjoy the lifestyles that suites them."
All Emirates Bank Cardholders can easily attain the Installment Plan by making a simple phone call to the bank once they have made the purchase on their Emirates Bank Credit Card. There are no forms and no faxes involved in the procedure. The installment plan offers the customer ultimate flexibility with a wide choice of convenient monthly tenures to suit the customer- 3, 6, 9, 12, 24, and 36 months. With a substantially low interest rate of just 0.80% per month, the installment plan offers the customer an economical solution to big purchases. The minimum transaction amount is AED 1000 and customers must convert to the Emirates Bank Installment Plan within 50 days of making the purchase.
-Ends-
About Emirates NBD Credit Cards
Emirates Bank and NBD Credit Cards come with a host of attractive benefits and features. These include: Free Supplementary Cards, Free Roadside Assistance, and Online Banking services. The cards also come with a host of complimentary services such as: Mobile Banking services, Ultra Credit Shield, Free Travel Insurance and flexibility in payment. Value-added services such as the NBD Cards CashBack Programme on all retail purchases, where CashBack points can be redeemed as payment against NBD credit card balances add to the benefits of the NBD Gold and Silver cards. Emirates Bank and NBD Credit Cards are valid at over 1 million ATM's across the globe, ensuring ultimate convenience for customers regardless of where they are in the world.
About Emirates NBD
Emirates NBD (DFM: ENBD) is the biggest banking group in the Middle East by assets and the biggest banking group in the UAE by market capitalization. The Group has a leading retail banking franchise in the UAE, with over 110 branches and over 474 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.
About National Bank of Dubai
Founded in 1963, National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Known as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike. Recognizing this leading performance, NBD has been awarded with the Dubai Quality Award for the year 2005.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD also launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD offers customers automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), an SMS based service (NBD Mobile) and an online brokerage trading in UAE shares through its subsidiary, NBD Securities.
NBD also recently established NBD Investment Bank which is its' investment arm operating from DIFC. With a comprehensive card portfolio that provides an array of benefits, NBD has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and Qatar as well as a representative office in Tehran.
About Emirates Bank
Emirates Bank offers a full range of retail banking products and services under the 'me' brand name. These include: Current & Savings Accounts, Tiered Saving Accounts, Term Deposits, Personal Loans, Car Loans, Credit Cards, Insurance Products, banking products for Indian and Lebanese Expatriates, as well as well as Credit Card Loyalty Programme. In addition, Emirates Bank offers its customers priority banking services through Al Shaheen.
Emirates Bank offers its customers the convenience of banking across a range of channels (on-line, phone banking) and through visiting one of the wide network of branches across the UAE. Emirates Bank has been awarded the coveted status of a 'Superbrand' for the past four consecutive years. For more information on Emirates Bank, kindly visit: www.emiratesbank.ae.
For more press information please contact:
Zeina El Haj
Head of Marketing, Communication & Events
For Consumer Banking & Wealth Management
Emirates NBD
Tel: 04 209 2669
Fax: 04 2329147
Email: ZeinaH@emiratesbank.ae
Aya Elamine
Account Manager- PR
Tamra-C2
T: 04 295 1177
F:04 295 1188
Email: aya@tamra-c2.com
Shimaa Elsayed
Senior Account Manager- PR
Tamra-C2
T: 04 295 1177
F:04 295 1188
Email: shimaa@tamra-c2.com
© Press Release 2008
