Offered to all GCC residents, the USD denominated plan provides stock index options that link returns to the values of the world's major indices viz. S&P 500 in the United States, FTSE 100 in the United Kingdom, TOPIX in Japan and the Dow Jones EUROSTOXX 50 in Europe.
Participation in the upside performance will be on a yearly basis and is subject to a performance cap in order to ensure no downside risks and capital guarantee at the end of the plan period of five years. Minimum investment in the plan is USD 25,000.
"An integral part of NBD's strategy and commitment to its customers is to provide diversified investment opportunities both locally and internationally," said Suvo Sarkar, Head of Retail Banking, National Bank of Dubai. "The Guaranteed Index Plan is an attractive open ended investment product with flexible entry/exit options and is ideal for customers looking for global investment products with a capital guaranteed feature."
Additional benefits include accumulated profit lock in feature, free annual switches between index options, Bermuda Trust Participation and early withdrawal options for liquidity.
Weekly issuances have been scheduled for the 1st, 8th, 15th and 22nd of each month therefore allowing customers to subscribe to the plan at any time throughout the year.
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National Bank of Dubai launches international investment plan
- United Arab Emirates: Tuesday, February 07 - 2006 at 10:37
- PRESS RELEASE
As part of an ongoing commitment to offer innovative financial planning solutions to its customers, National Bank of Dubai announced today the launch of Guaranteed Index Plans, providing investors with the opportunity to benefit from the positive performance of leading world stock indices with a capital guaranteed feature.
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Log in to request more information from National Bank of Dubai (NBD)
Notes and media contacts
For further information, Customers can contact the NBD Call Centre on (04) 310 0222 to schedule an appointment with a Relationship Manager.About National Bank of Dubai:
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized 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.
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, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The 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 a representative office in Tehran.
Posted by Janeta Novakovic, Assistant News EditorTuesday, February 07 - 2006 at 10:37 UAE local time (GMT+4)
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