Emirates NBD Egypt launches new campaign to boost investments
- New clients who join the campaign will get an immediate cash-back up to EGP 50,000
Cairo - 20th October 2022: Emirates NBD Egypt just announced launching a new campaign for immediate cash-back up to EGP 50K, earned when applying for a certificate of deposit with minimum amount of EGP 1 million. And that is according to the amounts specified as follows:
- From EGP 1 million up to 3 million, the client will get EGP 10K as an instant cashback
- From EGP 3 million up to 5 million, the client will get EGP 25K as an instant cashback
- From EGP 5 million and above, the client will get EGP 50K as an instant cashback
The campaign also offers that clients would get an immediate cash-back with the amount of EGP 10K when depositing EGP 1 million as a minimum balance required, provided that this amount shall be deposited in current account, or tiered current plus account, or tiered saving account with Egyptian pound only also the deposit must take place during the time of the campaign, which started on the 31st of August and valid for a limited time.
The bank will place a lien on the amount deposited (EGP) one million" for 4 consecutive months from the date of receiving the cash-back, knowing that the bank has the right to withdraw the cash-back from the account in case the bank found that the amount which qualified the client to join the campaign is not available during the mentioned period.
In case the client wishes to deposit the amount into three different accounts (The current account, tiered current plus account and tiered saving account) The sum of the amount deposited must not be less than EGP one million.
Mohamed Berro, CEO of ENBD Egypt, said: "We are committed to launch this campaign to incentivize current and new customers to get higher return on their savings; and thus, we were adamant to make available services like immediate cash back for new and current clients who own current or saving accounts. We predict that the campaign will increase the number of beneficiaries from the cash back service, bolster purchasing transactions using credit cards and current accounts, which all fall in line with the Egyptian state's financial inclusion and digital transformation strategies."
It's worth mentioning that ENBD Egypt has launched several campaigns to maximize savings of their current and new clients over the years.
Tax registration number: 204-897-319
UAE
