Dubai Bank launches tailored financing package for Emirati

Offers up to 80 per cent real estate financing and personal financing with attractive terms and faster processing

Dubai, May 27, 2009: Dubai Bank, today announced the launch of a unique financing solution focusing on Personal and Property financing. Targeted at UAE nationals employed in the Government and Semi-Government sectors, the product is designed to provide this group with greater and more flexible access to the financing they need.

One of the key features of the new package is the availability of 80 per cent financing for real estate. Offered at competitive profit rates, with faster, streamlined processing times, these financing solutions will enable eligible UAE nationals to purchase completed properties or finance construction of freehold properties Dubai and Abu Dhabi.

Eligible individuals can also take advantage of personal financing, or simply opt for a free for life Covered Card with a three month waiver of profit fees.  The Covered Card offers a host of other benefits including free travel protection, discounted travel bookings, limousine and airport lounge access.  Customers opting for the Platinum card can also utilize the AED 100,000 Free Takaful offer.

Our new financing solution, developed in line with our prudent risk management policies, enables UAE nationals to achieve their short and long term financial goals, while having a positive impact on the overall economy.

 said Mohammad Amiri, Head of Retail Finance, Dubai Bank.

Our initiatives have always been driven by innovation and a pragmatic business approach, which have helped us stay firmly on the growth path while serving the needs of our customers.

Notes to Editors

About Dubai Bank:

Since its launch in September 2002, Dubai Bank has placed service, transparency and convenience at the forefront of its operations, introducing a wide range of unique products and services to the market.

On January 1, 2007, Dubai Bank was converted into a Shari'a-compliant financial institution. Today, Dubai Bank offers a comprehensive range of Shari’ a-compliant products and services that cater to the needs of its retail, corporate and investment banking clients, including transaction and deposit accounts, personal finance, trade finance, corporate finance and capital market services, as well as a host of other unique banking services. In addition, all of the bank’s activities are carried out in full compliance with the highest global standards of ethical banking. For more information, please visit www.dubaibank.ae

For further information, please contact:

Sudha Hemmad / Mohammed Daggamseh
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
E-mail: s.hemmad@asdaa.com /m.daggamseh@asdaa.com