Major leading UAE financial institution, First Gulf Bank (FGB), awarded 5 of its customers AED 1,000 each at the conclusion of inaugural daily draw for its FirstSavings Certificates programme. The draw was held under the supervision of the Abu Dhabi Department of Economic Development at FGB’s main headquarters in Abu Dhabi. First Gulf Bank launched its FirstSavings Certificates in November 2012, for all UAE residents, nationals and expatriates, as part of the bank’s strategy to build a culture of saving and financial stability in the community.

The product which is available in all major UAE exchange houses is offered from a minimum purchase of AED 100. It provides 5 daily prizes of AED 1,000 each, 1,916 monthly prizes of up to AED 50,000 each and 1 grand prize every quarter of AED 1 million. The more certificates customers hold and the longer they hold them will increase the chances of winning prizes which are distributed in the form of electronic certificates.

Congratulating the winners, Huda Abdulla, Executive Vice President of Branch Distribution at FGB said: "We are pleased to have concluded our official first draw for our FirstSavings scheme, and to have awarded 5 of our customers in our daily draw.

First Gulf Bank’s innovative saving programmes have become well recognised in the market, and our formula of encouraging savings through rewards has proven to be highly successful, where the number of enrollers in our different schemes continues to increase."

Joyseej Mukherjee, Head of Liabilities at FGB, added: "In general, most people need to save money for different reasons, however, many do not save as much as they should or can. That was the inspiration behind developing the FirstSavings Certificates, which not only allows people to increase their savings, but also provides guaranteed interest rates and chances to win prizes through its regular draws."

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