Khaleeji Commercial Bank to expand branch network and product offering

Khaleeji Commercial Bank (KHCB), a progressive Islamic retail bank headquartered in Bahrain, has announced plans to further expand its presence in the Kingdom, in order to meet the needs of its growing customer base. The Bank plans to open two fully operational branches in Hidd and Riffa shortly, with plans for a third to be announced soon.

Chairman of KHCB, Dr. Fuad Al Omar commented on the substantial growth of the Bank's branch network, "KHCB's increased presence across the Kingdom emphasizes our commitment to providing customers with greater convenience and accessibility. The rapid expansion of the Bank's branch network is a positive sign that KHCB are on track to becoming a leading Islamic retail Bank in Bahrain."

With the opening of the new branches the Bank will now have a network of 7 branches from which to deliver its innovative banking products and services, such as the newly launched VIP products Advanced Murababha and Thabet Murabah Accounts.

These accounts offer 12 month tenors with attractive profit rates paid either from the first day with the Advanced Murabaha or at maturity on the Thabet Murabaha Account.

KHCB is also set to launch an auto, personal and home financing campaign with deals that are packed full of benefits and offer competitive rates. In the market, KHCB is also celebrating its growth success with one of the Bank's most popular products, the Al Waffer Savings Account. The unrestricted Investment Account, which offers cash prizes totaling $1,000,000 every year, now offers customers the chance to win instant prizes when opening a new account as well as an entry into the draw to win a 2012 Ford Mustang car.

"These affordable and flexible financing products have been designed with our customer in mind," said Dr. Fuad Al Omar. "Finding out what our customer wants, and then responding with innovative solutions to meet those needs, is at the core of our business philosophy, and the key to our future success."