The service, which will be available in English and Arabic, will process banking requests efficiently and at lower costs to the customer.
AUB's SMS Banking Service will give customers convenient access to their account information and is set up to respond to customer's banking needs quickly and effectively. The new service is equipped to process a host of requests including: balance enquiries, account to account transfers, utility payments and SimSim top-ups.
The bank has employed advanced "push and pull" messaging technology to enable the processing of bulk messages, bank transactions and notifications accurately and without delay. The "push" services allow customers to be informed automatically on credits to and payments from their accounts. The 'pull" services allow customers to make balance enquiries and conduct different transactions.
The launch of AUB's SMS Banking Service underlines the bank's commitment to extend its reach to its customers and make its services accessible to its diverse customer base at all times.
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Ahli United Bank launches SMS banking
- Bahrain: Sunday, September 03 - 2006 at 16:32
- PRESS RELEASE
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In a bid to further increase its delivery channels, Ahli United Bank B.S.C. (AUB) has launched an SMS Banking Service for all its customers.
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Posted by Janeta Novakovic, Assistant News EditorSunday, September 03 - 2006 at 16:32 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
This article was updated on Wed Sep 13 2006.
Notes and Media Contacts »
For more information on SMS Banking or to sign up for this service, customers may call +973 17221999 or visit any AUB branch.
For further information, please contact:
Maya Ribeiro, Action Bahrain
TEL: +973 17234553
About Ahli United Bank:
Ahli United Bank B.S.C is a fully-fledged commercial and investment banking institution based in Bahrain providing wealth management, retail, corporate, treasury, offshore and private banking services. It is geared towards growth through the development of a larger client base in the Gulf states and through its close partnerships with customers, staff and product providers. The evolution of future mergers and acquisitions in the Gulf region remains central to the Bank's expansion strategy. AUB reported a consolidated net profit of US$164.9 million for 2005, an increase of 54.8% over the previous year. As of 31 December 2005, total assets for AUB stood at US$13.9 billion (2004 - US$8.1 billion).
AUB has an effective holding of 75% share in the Bank of Kuwait and the Middle East (BKME). BKME has a 10% market share in Kuwait. BKME achieved a net profit of KD 39.9 million for 2005, a growth of 75.3% over 2004.
AUB also has a 40 percent share in Ahli Bank Q.S.C (formerly known as Al-Ahli Bank of Qatar Q.S.C.), a commercial bank in Qatar with the second largest capital base following the 100 percent participation by AUB in its capital increase. Ahli Bank Q.S.C. achieved a 64.3 percent higher net profit of QR141.6 million for 2005 over the previous year. AUB has a 10-year management contract over Ahli Bank Q.S.C.
AUB also entered into a joint venture in 2004 with Bank Melli Iran and Bank Saderat Iran to form Future Bank BSC (c), a joint venture commercial bank in the Kingdom of Bahrain, with an equal one-third shareholding. Future Bank was established on 1 July 2004 with a paid up capital of US$ 99 million. Its net profits were US$12.7 million for 2005.
In 2005, Ahli United Bank acquired a 49% share in the Commercial Bank of Iraq, a private commercial banking institution established in Iraq in 1992. Since its inception, Commercial Bank of Iraq has performed consistently well and its total assets were ID 131 billion (US$ 85 million) and net profit were ID 1.92 billion (US$ 1.28 million) as of 30 June 2005.
AUB was recognised as the Best Bank in the Middle East and Africa and the Best Bank in Bahrain by Global Finance magazine in its 2006 survey of banks in emerging markets. AUB was also recognised by retaining the "Bank of the Year in Bahrain" Bankers Award in 2004 for the second consecutive year by the Banker Magazine.
AUB's ordinary shares have been listed on the Bahrain Stock Exchange (BSE) since August 2000 and are actively traded. AUB's Class A preference shares are also listed at the BSE since 20 March 2005.
AUB has been reaffirmed foreign currency long-term rating of A- and short-term rating of A2 with a stable outlook from Capital Intelligence in May 2005 and a long-term rating of BBB+ and a short-term rating of F2 with a stable outlook from Fitch Ratings in February 2005.
For further information, please contact:
Maya Ribeiro, Action Bahrain
TEL: +973 17234553
About Ahli United Bank:
Ahli United Bank B.S.C is a fully-fledged commercial and investment banking institution based in Bahrain providing wealth management, retail, corporate, treasury, offshore and private banking services. It is geared towards growth through the development of a larger client base in the Gulf states and through its close partnerships with customers, staff and product providers. The evolution of future mergers and acquisitions in the Gulf region remains central to the Bank's expansion strategy. AUB reported a consolidated net profit of US$164.9 million for 2005, an increase of 54.8% over the previous year. As of 31 December 2005, total assets for AUB stood at US$13.9 billion (2004 - US$8.1 billion).
AUB has an effective holding of 75% share in the Bank of Kuwait and the Middle East (BKME). BKME has a 10% market share in Kuwait. BKME achieved a net profit of KD 39.9 million for 2005, a growth of 75.3% over 2004.
AUB also has a 40 percent share in Ahli Bank Q.S.C (formerly known as Al-Ahli Bank of Qatar Q.S.C.), a commercial bank in Qatar with the second largest capital base following the 100 percent participation by AUB in its capital increase. Ahli Bank Q.S.C. achieved a 64.3 percent higher net profit of QR141.6 million for 2005 over the previous year. AUB has a 10-year management contract over Ahli Bank Q.S.C.
AUB also entered into a joint venture in 2004 with Bank Melli Iran and Bank Saderat Iran to form Future Bank BSC (c), a joint venture commercial bank in the Kingdom of Bahrain, with an equal one-third shareholding. Future Bank was established on 1 July 2004 with a paid up capital of US$ 99 million. Its net profits were US$12.7 million for 2005.
In 2005, Ahli United Bank acquired a 49% share in the Commercial Bank of Iraq, a private commercial banking institution established in Iraq in 1992. Since its inception, Commercial Bank of Iraq has performed consistently well and its total assets were ID 131 billion (US$ 85 million) and net profit were ID 1.92 billion (US$ 1.28 million) as of 30 June 2005.
AUB was recognised as the Best Bank in the Middle East and Africa and the Best Bank in Bahrain by Global Finance magazine in its 2006 survey of banks in emerging markets. AUB was also recognised by retaining the "Bank of the Year in Bahrain" Bankers Award in 2004 for the second consecutive year by the Banker Magazine.
AUB's ordinary shares have been listed on the Bahrain Stock Exchange (BSE) since August 2000 and are actively traded. AUB's Class A preference shares are also listed at the BSE since 20 March 2005.
AUB has been reaffirmed foreign currency long-term rating of A- and short-term rating of A2 with a stable outlook from Capital Intelligence in May 2005 and a long-term rating of BBB+ and a short-term rating of F2 with a stable outlook from Fitch Ratings in February 2005.
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