Muscat, November- In an endeavor to constantly enhance its versatile product portfolio, ahlibank announced the launch of a new product segment – ‘Istqrar’, to cater to the financial needs of Oman’s senior citizens. This product has been designed to provide financial solutions to the Sultanate’s people who are above the age of 60 years, offering them a host of benefits that will enable them to maintain financial security and help them fulfill their retirement dreams.
‘Istqrar’ accountholders will be able to enjoy the benefits of special rates on Fixed Deposit with monthly interest payment on Fixed Deposit, dedicated Wafra draw wherein weekly prizes of RO 1,000 each for 1 winner will be announced in addition to the participation in all other Wafra draws including salary for life prize of RO 250,000, free credit card for the first year, lower interest rates on personal, auto and home loans. The bank will also offer short term loans at 3.99% p.a., under this product segment.
Commenting on the new product offering amidst challenging market environment, Muneer Al Balushi – AGM- Head of Retail Distribution, ahlibank, said, “As circumstances with COVID-19 evolve, ahlibank continues to pursue a prudent growth strategy for the remainder of 2020 and beyond. While industry challenges remain, the bank, driven by rapidly evolving customer expectations, continues to innovate and present new age banking products to the market. The challenges posed by the pandemic have highlighted a greater need for savings and retirement planning, given the financial insecurities that can arise anytime. ‘Istqrar’ account will help address these requirements, and aims to support the nation’s senior citizens in maintaining their comfortable lifestyle, and at the same time meet their commitments.”
“ahlibank offers multifaceted financial solutions to suit individual needs, while helping customers reduce costs and increase savings. The Bank’s innovative flexibility in providing banking solutions, and products that suit different categories according to variables and circumstances is an industry benchmark. Going forward too, improving customer satisfaction and boosting revenue streams will remain a priority”, Mr. Al Balushi added.
Established as a full-fledged commercial Bank in 2007, ahlibank is committed to enhance customer satisfaction with a comprehensive suite of services, use of modern technology and innovative solutions across its branches in Oman. All its product offering and account types are aimed at inculcating a culture of savings and developing financial stability. In line with its vision of being vibrant and an innovative centre of banking, the Bank offers top-class retail, commercial, investment banking solutions and is well-known for its customer-centricity.
Additionally, the digitisation of procedures and the highly focused team offers a range of advisors and specialist services, which makes it one of the preferred Banks in the Sultanate.