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Sunday, December 6 - 2009

Enjoy the best of both worlds with Twin Invest from Emirates NBD

  • United Arab Emirates: Saturday, October 25 - 2008 at 14:44
  • PRESS RELEASE

Emirates NBD announced the launch of Twin Invest, a unique new investment product giving customers the unbeatable dual advantage of enjoying the benefits of a high-return fixed deposit and the growth potential of a long term mutual fund investment.

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  • Mr. Jamal Bin Ghalaita, Emirates NBD General Manager for Consumer Finance and Wealth Management.
    Mr. Jamal Bin Ghalaita, Emirates NBD General Manager for Consumer Finance and Wealth Management.
Twin Invest is the latest addition to the Emirates NBD portfolio of products that are tailor-made to help customers maximize their investment returns.

Ideally suited for high-net worth individuals, Twin Invest offers an incredible interest of up to 6% on investment for a one year fixed deposit.

One half of the investor's money is placed in the fixed deposit while the balance will be invested in the customer's choice of conventional and Shariah compliant mutual funds from Emirates Investment Services Ltd and the Universal Investment Plan from Old Mutual.

"Twin Invest is a dream product for those looking for the rock solid stability of a safe investment and the potentially high earning capacity of mutual funds" said Mr. Jamal Bin Ghalaita, Emirates NBD General Manager for Consumer Finance and Wealth Management.

"When you add the fact that it repays the investor with up to 6% interest and the mutual fund offerings come from well-established houses, it adds a whole new dimension to the investment" he added.

Besides the dual advantage, Twin Invest also offers the investor a host of benefits like no minimum balance charges on the bank account used for investment related transactions, preferential AED/USD exchange rates on investment related transactions, free access to online banking and free phone banking and SMS alert services.

"This is yet another product that puts the interest of our customers at the forefront" said Mr. Suvo Sarkar, General Manager of Retail Banking at Emirates NBD.

"It is designed to help investors benefit from our preferential rates as well as the monetary market, which is getting stronger by the day" he added.
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About Emirates NBD
Emirates NBD is the biggest banking group in the Middle East by assets. The Group has a leading retail banking franchise in the UAE, with over 115 branches and over 487 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 banking services, offer highly tailored solutions to preserve and protect the personal wealth of its customers. 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 is the flagship institution of the Emirates Bank Group and epitomizes the dynamism of the group. Since inception in 1977, the bank has constantly strived to offer cutting-edge corporate and retail products and services, supported by investments in technology and a commitment to service excellence. The bank's Consumer Banking division offers a full range of products and services comprising accounts, deposits, loans, cards, mortgages, investments and insurance, to meet the customer's every financial need. In addition, its priority banking customers can benefit from relationship management support, specialized products, and other advantages, through the Al Shaheen Club.
Emirates Bank has one of the largest branch and ATM networks in the country providing customers with easy and convenient access. Customers can also bank 24 hours through online and phone banking, as well as benefit from a wide variety of bill payment options.

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