• Available across currencies and tenors
• Very attractive promotional interest rates available now

Dubai, February 8, 2010: Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the launch of Jersey Offshore Deposits, an attractive and flexible multi-currency fixed-deposit product, offering easy international access, potential tax efficiencies and total confidentiality. The offering is targeted at affluent and high net worth customers in the UAE, and currently offers very attractive special promotional rates to provide customers with added value.

Jersey Offshore Deposits from Emirates NBD provides investors the ideal opportunity to grow their deposit portfolios at attractive returns while enjoying the peace of mind that comes with banking with the largest banking group in the region.

“Meeting the needs of our clients here in the UAE and across the world remains our highest priority at Emirates NBD,” said Suvo Sarkar, Executive Vice President and General Manager, Retail Banking, Emirates NBD. “We are therefore extremely pleased to extend our deposit offerings through the introduction of Jersey Offshore Deposits, offering our customers attractive returns, peace of mind, flexibility and convenience.”

Available in a range of international currencies, including the US dollar, UK pound, euro and the UAE dirham, the product is available in tenors ranging from one month to three years. The minimum deposit is US$ 25,000, GBP 25,000, EURO 25,000 or AED 100,000.

A globally renowned centre for offshore banking, Jersey is recognised as one of the world's safest offshore jurisdictions in which to bank, invest or establish a trust. An economically and politically stable jurisdiction, Jersey also adheres to the strictest regulatory practices and highest standards of financial governance.