Dubai, UAE: Mashreq Bank, a leading financial institution in the region, today announced the launch of its ‘Cashback Campaign’ for Business Banking clients, with the aim of rewarding entrepreneurs for growing their deposit balances.

From July 1 until September 30, 2018, Mashreq’s business banking customers can earn up to AED 25,000 in cashback rewards for growing their balance. For every AED 50,000 growth in deposits, customers will be eligible to receive cash back.

Commenting on the campaign, Rohit Garg, Head of Business Banking, Mashreq Bank commented: “Mashreq is committed to supporting the sustainable and steady growth of UAE businesses. The SME sector resiliently proves to be the backbone of the country’s economy, representing approximately 90 percent of its registered companies, and given the current economic landscape, we feel the need to be more innovative than ever to reward business owners for healthy financial behavior. The Cashback campaign has a clear goal of incentivizing customers for their banking relationship with Mashreq.”

The announcement today is aligned to Mashreq’s ongoing vision of becoming the trusted partner of SMEs in the UAE, offering them a rewarding, innovative and digital-led banking experience. In 2017, the bank built a customized SME banking platform, complete with multiple channels, including an app called SnappBiz catering to small businesses. SnappBiz enables SMEs to transfer funds, check balances, apply for cheque books, pay bills and obtain special foreign exchange deals while on the move.

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About Mashreq:  

Established in 1967, Mashreq is the oldest Bank in the UAE with award-winning financial solutions and services. Throughout its 50 years' history, Mashreq has differentiated itself through innovative financial solutions, making it possible for its customers to achieve their aspirations. Today, Mashreq has a significant presence in 11 countries outside the UAE with 26 overseas branches and offices across Europe, USA, Asia, and Africa.

Mashreq launched its new Vision and Mission in 2016, outlining its commitment towards its clients, colleagues and the community. In line with its new Vision to be the region's most progressive bank, Mashreq leverages its leadership position in the banking industry to enable innovative possibilities and solutions for its customers across Corporate, Retail, International, Treasury and Islamic Banking. Mashreq is proud to be the first financial institution in the UAE to be awarded the Gallup Great Workplace Award for fifth consecutive years from 2014-2018. Mashreq also continues to invest in recruiting, training and developing future generations of UAE National bankers. 

For media enquiries, please contact:

Rana ElBorno                                                  

Public Relations, Mashreq                                             

Tel: 04 –6083629                                              

Email: RanaAlb@mashreq.com

OR

David Ross / Shaleen Sukthankar

Weber Shandwick

Tel: +971 4 445 42 22 | +971 50 954 7834         

Email: Dross@webershandwick.com | Ssukthankar@webershandwick.com 

© Press Release 2018

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