Mashreq today announced the launch of the ‘On Arrival Package’, the latest addition to its range of convenient banking solutions. The new package helps people who have just arrived in the UAE get settled in as soon as they land.
The new package is available to new residents of the UAE before their visa stamping process is completed to help new arrivals settle down as quickly as possible. The ‘On Arrival Package’ offers an account with a debit card, one month’s salary in advance, a Gold credit card, furniture and rent advance loans and an Easy Saver account in one easy package.
Douglas Beckett, Head of Retail Banking at Mashreq said: “At Mashreq, we constantly strive to bring distinctive solutions into the market to provide value to our customers. Through this convenient and innovative package, we are providing financial support and peace of mind to new employees in the UAE. Mashreq is the only bank in the UAE which offers this type of pre-visa support.”
Omar Asghar, Head of Wealth Management added “This package will help employers to get their new employees settled faster, giving them greater peace of mind and thereby increasing productivity”.
To be eligible for the ‘On Arrival Package’, customers should have a salary of AED 9,000 or more. After their visa is stamped and submitted to the bank, customers are given a cheque book, enhanced limits on all lending products, a pre-approved Auto Loan and a pre-approved Mortgage. Customers earning AED 30,000 or more are eligible for the Mashreq Gold offering which is the premier banking service from Mashreq. These customers are assigned to a designated Relationship Manager and are offered a wide range of additional benefits & services that assist in meeting their more complex financial goals.
Over the years, Mashreq’s Retail Banking Group (RBG) has enjoyed significant growth with the launch of several new products & services. This package further reinforces its reputation as the most convenient bank in the UAE.
Mashreq is the largest private bank in the UAE and also the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts it was the first to launch such products as travelers’ cheques, credit cards and ATMs.
It is invariably among the highest performing banks in the region. Last year it recorded a Net Profit of over US$470 million from a Total Operating Income of $844 million. At the end of last year its Total Assets stood at $15.2 billion
Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin.
As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.
