Last Updated 06 | 02 | 2013 at 18:02

Business & Technology / Business

Banif rolls out 5th Anniversary Term Deposit

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di-ve.com news
editorial@di-ve.com

Banif Bank has rolled out a fifth Anniversary Term Deposit that offers clients a straight forward way of saving and of cashing in on lucrative returns. The product has been launched as part of a series of initiatives planned for 2013 that will celebrate the bank’s five successful years of operations and mark this important milestone by involving customers, employees and stakeholders.

The 5th Anniversary Term Deposit from Banif Bank offers customers an advantageous rate of 4.6% gross per annum on a five-year term deposit, denominated in euro. An account can be opened with a low minimum balance of just €2,500. The offer closes on February 28 but the bank reserves the right to close the offer prior to this date at its discretion.

“Even on its birthday, Banif Bank believes in giving gifts rather than receiving them!” said Dirk Spiteri Lucas, Head of Product Strategy Unit at Banif Bank (Malta) plc. “The bank recognises that none of its efforts would have rendered such a rapid growth without the trust shown by the local market and this is Banif’s way of saying thank you!”

Banif Bank (Malta) plc opened doors to its first customers at its St Julian’s Branch in 2008. Since then the bank has expanded its footprint to nine retail branches and a corporate and business banking unit. The bank is driven by a strong team of over 150 employees and offers customers and businesses a wide range of innovative products and services. In its five years of operations, Banif has received international recognition by World Finance in 2010 and 2011.

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