The Banking Executive Magazine - July 2022 Issue

National Bank of Bahrain National Bank of Bahrain ANNOUNCES NEW 0% CREDIT CARD CAMPAIGN The National Bank of Bahrain (NBB) has launched a balance transfer cam- paign that will enable customers to transfer their other banks’ card out- standing balances at 0% interest for an introductory period from July to December 2022. Clients will also be able to benefit from an additional 6-month cam- paign period at only 1% monthly in- terest until June 10, 2023. With a commitment to launching various initiatives for the benefit of its customers, NBB has provided its cardholders with the opportunity to receive 1,000 base points through the NBB “Points” application follow- ing a credit transfer of BD500 ($136.12) or more throughout the campaign period. Customers will also be eligible to enter a raffle to win a Jeep Wrangler, where each BD50 of the transferred balance is equivalent to one raffle entry. NEW MONTHLY INTEREST Customers may apply and benefit from the campaign between July and September 2022, to be eligible for 0% interest on the transferred bal- ance until December 10, 2022, while cardholders are thereafter eli- gible for a new monthly interest of only 1% until June 10, 2023. Commenting, Subah Abdullatif Al Zayani, Chief Executive Retail Bank- ing, said: “Through our range of campaigns, NBB has provided clients with access to a variety of valuable prizes and rewards as we strive to meet their ongoing needs. Our balance transfer campaign will give customers the opportunity to make use of this exclusive opportu- nity and enjoy a vast range of offers and discounts with participating mer- chants.” Shadi Riad Barakat, Head of Card Business – Retail Banking, said: “Our balance transfer campaign will en- able our credit cardholders to benefit from the reduced interest and gain NBB loyalty points that can be re- deemed either through cashback, or via Air Miles from Gulf Air, or do- nated to various charities through our “Points” loyalty rewards platform. We at NBB are continuously working towards expanding our offerings with a customer-centric approach.” ISSUE 163 JULY 2022 the BANKING EXECUTIVE 49