Union National Bank, one of the UAE’s leading banks, has announced the launch of a promotion aimed specifically at enhancing loan facilities to UAE nationals.
Loans offered under the promotion will be accessible at competitive interest rates with the bank aiming to gain a sizeable number of new customers as part of the promotion, over a 3-month period ending September 30th. The new promotion also features a repayment holiday of 3 months, before the commencement of loan payment.
Mahmoud Halawa, Executive Vice President & Head of Business Groups of UNB said: “UNB has been at the forefront of providing customized products and services for specific segments within our client base. Although credit facilities have tightened considerably in the current environment, we believe it is imperative to continue retail lending as it is a key contributor to aiding the economic recovery process”.
“UNB is very pleased to launch this latest promotion aimed at the UAE national community, to support their needs, as well as energize business at the small enterprise level. We believe this promotion will receive tremendous response from the market.”
As a leading local bank, UNB is deeply committed to ensuring its product and service offerings are tailor-made to the UAE national community", added Mr. Halawa.
UNB’s commitment to product innovation and high quality services have earned the bank a number of industry awards, with the most recent award being the Mohammed Bin Rashid Al Maktoum Business Award 2008, in the Financial Category, which was presented to UNB in March this year.
“UNB demonstrates its commitment to different segments of our society through our product offerings, quality of service and community involvement. Through this promotion, we aim to continue the tradition of successful initiatives that serve the needs of our key customer segments, including UAE nationals”, added Mr. Halawa.
The new loan product launch is being supported via an extensive advertising campaign that unfolded across print, radio, outdoor and online mediums from the 1st week of July 2009.
