Ahli United Bank (AUB) has unveiled its new savings scheme.
Launched under a new name and with a fresh new look the “MyHassad” savings scheme promotion is one of the largest prize giveaways in the Gulf region.
With BD7 million ($18 million) to give to its winners, AUB’s new savings scheme is set to be its most successful yet.
The bank’s previous savings scheme, Al Hassad Al Rabeh, was very popular with customers.
The new “MyHassad” prize scheme sports a fresh new image and brand name and aims to build on the popularity of its predecessor the Al Hassad Al Rabeh savings scheme.
This year’s “MyHassad” savings scheme is bigger and better than ever.
Since the launch of the savings scheme in 2003, AUB has invested significantly in market research and gaining customer feedback to ensure that the savings scheme not only meets but exceeds consumer expectations.
The concept behind this year’s savings scheme is giving customers the opportunity to win a “salary for life”.
With the new prize structure AUB’s objective has been to create a lifetime change for the winners and allow them to invest their winnings in things that will make a lasting difference to the well being of their families.
The scheme’s new structure gives eligible customers the opportunity to win a quarterly ‘grand salary for life’ of BD2,000 every month for the next 250 months.
Monthly prize winners stand to win a ‘salary for life’ prize of BD1,000 every month for the next 250 months.
Both prizes convert to a stable source of monthly income for the winner for over 20 years. Apart from the quarterly and monthly prizes, 12 cash prizes of BD2,000 each will be given away every week.
AUB’s new prize scheme was created to give every customer the chance to fulfil long term requirements such as investing in real estate or giving children quality higher education.
For more information on the MyHassad savings scheme, its prize structure and eligibility criteria, customers may visit any AUB branch or call +973 17221999.
Ahli United Bank is an offshore and full commercial banking institution based in Bahrain providing retail, commercial and investment banking business, global fund management 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 $207.5 million for the year 31 December 2006, an increase of 25.8 per cent compared to the same period last year.
As of 31 December 2006, total assets for AUB stood at $20.8 billion (31 Dec 2005 – US$ 13.9 billion)
AUB has an effective holding of 75 per cent share in the Bank of Kuwait and the Middle East (BKME). BKME has a 10 per cent market share in Kuwait. BKME achieved a net profit of KD45.1 million for the year ended 31 December 2006.
AUB also has a 40 percent share in Ahli Bank a commercial bank in Qatar with an enhanced capital base following the 100 percent participation by AUB in its capital increase Ahli Bank achieved a 45.3 percent higher net profit of QR205.7 million for the year ended 31 December 2006 compared to last year.
AUB has a 10-year management contract with Ahli Bank.
AUB also entered into a joint venture in 2004 with Bank Melli Iran and Bank Saderat Iran to form Future Bank, a joint venture commercial bank in Bahrain, with an equal one-third shareholding.
Future Bank was established on July 1, 2004 with a paid up capital of $99 million.
Future Bank’s net profits for the year ended 31 Decem