NATIONAL BANK OF DUBAI LAUNCHES GOLD LINKED INVESTMENT PRODUCT
National Bank of Dubai announced today the launch of the USD Gold Range Note, a 3 year capital guaranteed product linked to the international price of gold. The returns from this innovative product is linked to the price of gold remaining within certain pre-specified USD price ranges, and offers customers the opportunity to earn returns of up to 7% per year.
“Our main objective is to provide a platform for investors to earn better returns than traditional fixed deposits while offering security of capital,” stated Suvo Sarkar, Head of Retail Banking, National Bank of Dubai. “The USD Gold Range Note allows our customers to diversify their investments into a commodity like gold without risking their capital. This product is part of our strategy to offer a wider range of investment options to our rapidly growing customer base,” he added.
The USD Gold Range Note is available through all 41 NBD branches in UAE including the two Suhail Priority Centres in Dubai. The minimum investment is USD ten thousand and the subscription is open till end of May.
About the National Bank of Dubai
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD’s ‘Private Office’ provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 40 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.