Amman, Jordan: Jordan Ahli Bank announced that it is now offering VISA Gold and VISA Classic cards for the very first time to its clients. The announcement was made at a reception hosted by Visa International in cooperation with Jordan Ahli Bank at the Sheraton Hotel on Tuesday, May 22nd, 2007.
The reception was attended by the bank's VIP clients, influential figures from the Jordanian community, representatives of the media, and members of Visa International and Jordan Ahli Bank's management team.
Expressing his positive sentiments towards the bank's new product offering, Mr. Khalil Nasr, Deputy CEO / Head of Ahli International Banking Division and Ahli Personal and Premium Banking Division, said, "First and foremost, I am very happy to be here tonight, and to share with all of you this new landmark in our bank's history. This new launch echoes our belief in "The Power of Change", and for us, positive change is reflected in our belief in the ability to provide our clients suitable and practical financial solutions for their banking needs. On this occasion, allow me to express our sincere appreciation and respect for Visa International and the services that they provide which enable us to offer a wider range of services to our existing and potential clients. We look at Visa International as our business partner, in achieving our target for the development of the private and public sectors, and our national economy."
Mr. Khalil Nasr added that through the launch of this new financial instrument, Jordan Ahli Bank is offering its clients the opportunity to experience all the positive attributes provided by Visa International. The Ahli Bank "Visa Gold & Visa Classic cards" enable our clients to make purchases from points-of-sale anywhere around the globe and to perform cash withdrawals from any ATM machine bearing the "Visa" and "Plus" emblems. As is the case with all products provided by Visa International and Jordan Ahli Bank, this payment instrument provides the highest level of security, flexibility, and convenience. It's wide spread acceptance around the world positions it as one of the best methods of payment both inside the Kingdom and abroad."
It is important to note that the Jordan Ahli Bank is offering the Visa Gold and Visa Classic cards with the lowest interest rate on all credit card types in the Region with a variety of monthly payment schemes. The bank's cardholders may also select the payment scheme which suits their individual needs by opting to pay off their balance in full or to reimburse 5% of the utilized credit with a minimum amount of JD 10. In its effort to launch the Visa Gold and Visa Classic cards the Management of Ahli Bank decided to issue the cards free of charge for the first year for a limited period with a minimum cash limit of JD 3500 for the VISA Gold card and a limit of JD 500 for the Visa Classic card.
Commenting further on Jordan Ahli Bank's new launch, Mr. Naser Abu Ghazaleh, Visa International's Regional Manager for the Levant, said, "We would like to first and foremost welcome Jordan Ahli Bank as a new member of the Visa International Service Association. At Visa International, we hold our member banks in the highest regard, for it is only with their support that we are able to bring more people into the electronic payment system. We work at Visa International, alongside our member banks, to better the national economies of the countries we operate within, and it is through our convenient, safe, and secure services that we are able to provide our cardholders with a more effective substitute for cash. Visa cardholders around the world are exempted from the need to worry about the amount of cash they are carrying in their wallets while shopping or in times of emergencies, and we hope that more and more banks across Jordan follow in the footsteps of Jordan Ahli Bank. We are happy to share in this joyous occasion with our colleagues from Jordan Ahli Bank, and we salute their contribution to the Jordanian economy."
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About Visa:
Visa connects cardholders, merchants and financial institutions through the world's largest electronic payments network. Visa products allow buyers and sellers to conduct commerce with ease and confidence in both the physical and virtual worlds. Visa is committed to the sustained growth of electronic payment systems to support the needs of all stakeholders and to drive economic growth. Visa products currently generate more than $4 trillion in sales volume worldwide. Visa has unsurpassed acceptance at more than 24 million locations worldwide including one million ATMs. For more information, visit www.corporate.visa.com.
About Jordan Ahli Bank:
Jordan Ahli Bank was incorporated in Jordan in 1955 as the first local financial institution to be established in the Kingdom. It commenced its operation with a mission to provide services that support and respond to the demands of the national economy. Today the bank's network includes 41 branches located within the Kingdom and 14 branches located across the region. Through these branches and subsidiaries the entity works to provide its corporate and individual clients along with its clients from financial and investment sectors with a diversified bouquet of premium financial services. As at December 31st 2006, the Bank paid up capital reached JD 110 million while total shareholders' equity reached JD 211 million. It has JD 1.74 billion (US$ 2.5 billion) in total assets, and is still seeking aggressively for opportunities for further advancement and growth in the future.
For Further Information Please Contact
Maha Rawashdeh,
TRACCS Jordan,
Tel. + 9626 6 5924114,
Fax. +962 6 5924334
email: maha@traccs.net
For Further Information Please Contact
Lamees Fakhoury,
Jordan Ahli Bank,
Tel. +962 6 5638800,
Fax. +962 6 5696756
Email: lamees.fakhoury@ahlibank.com.jo or log onto www.ahli.com
© Press Release 2007
