Jordanian Arab Bank Launches New Housing Loan Campaign

Arab Bank has recently launched a new promotional campaign, the first of its kind in Jordan, under the title, ‘Own Your Dream Home and Win the First 12 Installments’. This promotion gives customers a chance to win 12 months’ worth of installments up to JD 9,600 on new housing loans exceeding JD 35,000 disbursed during the campaign period starting from June 17th until August 29th 2012.

Each week, one winner will be announced starting on July 11th 2012 for eight consecutive weeks. It is also worth mentioning that Jordanians living and working abroad are eligible as well. Amer Matouk, Head of Consumer Banking in Jordan at Arab Bank, commented, “As part of Arab Bank’s commitment to meet our customers’ financial needs, we are dedicated to continuously introducing promotions and campaigns for our suite of products and services.”

He also added, “This promotion gives customers, who want a housing loan, the chance to win their installments paid for one year, making it easier to own their dream home.” Arab Bank’s housing loans come with a host of benefits including loan tenure up-to 30 years, financing up-to 90% of the house’s value, free life insurance and the ability to postpone installments in addition to other benefits. Furthermore, Arab Bank boasts a dedicated team of 200 employees to provide service support for housing loans. Established in 1930, Arab Bank, the first private sector financial institution in the Arab world, is headquartered in Amman, Jordan. In the first quarter of 2012 Arab Bank Group achieved net profits of $204.5m; total assets equaled to $46.4bn, while shareholders’ equity reached to $7.7bn. Arab Bank has a global network of over 500 branches in 30 countries spanning five continents and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.

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