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BMI Bank, Geant Hypermarket unveil new cobranded credit card

Bahrain-based BMI Bank (BMI) and Geant Hypermarket today unveiled their new co-branded credit card 'La Carte' that offers customers a range of benefits including a loyalty program with rewards, low monthly interest rate, no annual fees, competitive rates on foreign spend as well as a 50 day interest free period on all retail purchases with exclusive discounts and special offers.



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        'caption' => 'From right to left: Jean-Marc Lebrun Group General Manager- Fucom International, Andrew Bainbridge- Chief Executive Officer- BMI Bank, Yvan Baba- Country Head Bahrain- Fucom International, and Rob Giles- Head Cards- BMI Bank.',
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From right to left: Jean-Marc Lebrun Group General Manager- Fucom International, Andrew Bainbridge- Chief Executive Officer- BMI Bank, Yvan Baba- Country Head Bahrain- Fucom International, and Rob Giles- Head Cards- BMI Bank.
From right to left: Jean-Marc Lebrun Group General Manager- Fucom International, Andrew Bainbridge- Chief Executive Officer- BMI Bank, Yvan Baba- Country Head Bahrain- Fucom International, and Rob Giles- Head Cards- BMI Bank.


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Unveiling the new card, Andrew Bainbridge, Chief Executive Officer of BMI, said:

'I am delighted to unveil our cobranded credit card in partnership with Geant, a hugely successful hypermarket in Bahrain with whom we share a strategic relationship. La Carte will add genuine value to our cardholders. La Carte has what we believe to be the strongest credit card loyalty program in Bahrain. With the equivalent of 2% value back on customer spend in Geant, Last Chance and Le Marche, we are able to give something back to our customers by reducing the ongoing real costs of their everyday purchases.'



Bainbridge added, 'La Carte compliments our existing cards, which include Classic and Gold cards, as well as Sapphire and Diners Club cards for our premier and corporate clients. La Carte credit card holders will join BMI's growing base of customers who use our products and our network of 8 branches and 22 ATMs across Bahrain. We are committed to delivering innovative products and services and will continue to invest in them to better serve the population of the Kingdom.'

In addition to quick checkout during busy periods through dedicated cash counters at Geant, La Carte card holder's will also receive exclusive benefits including a 100% cash withdrawal limit benefit as well as world wide acceptance in 24 million retail stores and 5 million ATMs.

'Customers can collect their vouchers at the La Carte Customer Service desk that has been specially set-up in the Geant Hypermarket in Bahrain Mall and can use these vouchers to buy anything from groceries to electronics at Geant Hypermarket, Le Marche and Last Chance Supermarkets. Customers can also look forward to special offers and discount exclusively for La Carte Credit Card holders from time to time,' commented Yvan Baba, Manager of Geant Bahrain.

'To top it all, the card comes loaded with the La Carte loyalty points program which rewards customers with 2 La Carte points for every BD1 that they spend using their card at Geant, Le Marche or Last Chance supermarkets and 1 La Carte point for every BD1 that they spend anywhere else,' he concluded.

The official launch of the new co-branded card was held at Geant Stores on the 27th of November 2008.

BMI currently offers its customers a full array of retail banking products and services including loan and overdraft facilities, credit cards, deposit products, savings accounts, Al Mazyona saving certificates, net banking and remittance services, amongst others. In addition to Retail Banking, BMI offers full SME and Corporate Banking services including Global Trade Services, Private Banking, Islamic Financial Services, Financial Institutions & Correspondent Banking and Treasury Services.

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About BMI Bank B.S.C. (c):

BMI, set up in January 2005, is a Retail Bank, registered in Bahrain and regulated by the Central Bank of Bahrain and offers a full range of retail and commercial banking services. BMI operates in Bahrain through a network of 8 branches and 14 offsite ATMs with Net banking for easy access to services. BMI operates an Offshore Bank in Seychelles, a branch in Qatar (operating at the Qatar Financial Centre (QFC) under a Category One banking license, issued by the Qatar Financial Centre Regulatory Authority (QFCRA), as well as a 21% shareholding in Gulf African Bank in Kenya. BMI's shareholders include some of the strongest and most respected financial institutions across the GCC, including BankMuscat SAOG (Oman), Royal Court Affairs (Oman), Overseas Investment (Bahrain), Istithmar World l (UAE) and Financial Assets Bahrain (Bahrain). BMI, rated as Investment Grade, maintains total equity (share capital and reserves) of $362m, an increase of 254% from the $102m as at 31st December 2007. The increase, a result of a fresh injection of $250m from the existing shareholders, will be used to fund the banks organic growth and provide necessary capital strength in line with the banks strategy

For further information, please contact:

Gordon Andrade
Head, Corporate Communications
BMI Bank - Bahrain
Tel: +97339782225

Nadera Abuali
Senior Account Manager
Asda'a Burson-Marsteller
Tel: +973 17 213133
Fax: +973 17 213134
Siba Sami Ammari Posted by Siba Sami Ammari
Saturday, November 29 - 2008 at 16:11 UAE local time (GMT+4)

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