ONLY webinars - visit
Advanced Search
Home / News / Company News
Company News

First Gulf Bank Initiates Daily Draw of FirstSavings Certificates to Promote Financial Literacy
(4 January 2013)


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."

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app is owned and managed by Cyber Gear

advertisement info

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image


email print

News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
ADCG at a glance