Mashreq supports Dubai Metro with ATM network expansion


    Masherq ATM’s report over 2000 transactions in the first three days in metro stations

    United Arab Emirates, Dubai: 14th September 2009 – In a bid to strengthen its commitment to its customers, Mashreq, one of the UAE’s leading financial institutions, has successfully installed 11 ATMs in nine stations of phase I of the much anticipated Dubai metro. Mashreq is the first national bank to have ATMs at the newly launched metro stations.

    All 11 ATM’s were fully functional and ready for public use from the official launch of the Dubai metro on 09/09/09. With this, Masheq’s ATM network has reached a total of 246 ATMs across the seven emirates.

    Douglas K. Beckett, Head of Retail Banking Group, Mashreq said: “The Dubai Metro project marks yet another milestone in the history of the UAE, and is reflective of its commitment to the development of the country and its people. One of our main goals at Mashreq is to support such national initiatives in the UAE.”

    “This initiative marks another significant step forward in Mashreq‘s commitment to providing better services to its customers, and further demonstrates the bank’s ability to lead the industry in supporting the growth of the region.”

    The Rashidiya, Deira City Center, Riqqa, Mall of the Emirates, Financial Centre, Jafiliya & Jumeirah Islands stations have been installed with one each fully operational ATM with cash and connectivity. Union Square & Khalid bin Waleed (Burjuman) stations house 2 ATMs each.

    Gavin Sanderson, Head of Distribution, Mashreq commented, “We average over one million transactions a month in our ATMs across the UAE and this highlights our convenient locations and reliability. We definitely look forward to expanding our ATM network within Dubai Metro . We have succeeded to meet the deadline of the inauguration of the metro and are proud to be the only national bank to have 11 fully operational ATMs by day one of the first phase of this historic project. Our ATM’s in the metro stations proved to be very helpful, reporting over 2000 transactions in the first three days of its operations.”

    The new ATMs are conveniently situated in prime locations within the metro stations. Equipped with latest security systems, the newly installed ATMs compliment the 62 Mashreq branches and 4 service centers across the UAE.

    About Mashreq:
    Mashreq is one of the largest banks in the UAE and 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.

    The bank’s total assets by the end of June 2009 reached AED96.7 billion. Mashreq has received numerous international awards such as the Best Bank in the UAE in 2008 from Euro money and various awards particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin. It’s most recent acknowledgement was Best Consumer Internet Bank in Qatar and Best Consumer Internet Bank regionally by Global Finance Awards 2009.

    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.

    For further information, please contact:
    Saad Hakim
    PR Manager, Mashreq

    Tel 050 – 8119923

    Huda Ismail
    Asst. PR Manager, Mashreq
    Tel: 04 – 6083707

    Nancy D’Souza
    Gulf Hill & Knowlton
    Tel: 04 334 4930

    © Press Release 2009

    from Hill & Knowlton