ila News

Manama, Kingdom of Bahrain: The Kingdom’s digital banking pioneer, ila Bank, presented a grand prize of $1 million to Abbas Ghuloom Awadh Salmeen, the lucky winner of the December 2022 draw for the Bank’s prize account, Al Kanz.

A special prize handover ceremony was held at Bank ABC’s head office on Tuesday, 28 February 2023. The celebration was attended by the Bank’s dignitaries, including the Acting Group CEO, Sael Al Waary, members of Bank ABC’s senior management, ila Bank CEO. Mohamed Al Maraj, as well as the ila Bank team.

Mr. Salmeen, a 58-year-old Bahraini who works in real estate, had opened his ila account in March, 2020. “I had believed that I would win, and I am delighted to hear the news,” he said. “I have enjoyed banking with ila, all its product offerings are truly innovative and unlike any other.”

True to its meaning, Al Kanz has proved to be a literal ‘treasure’ for customers of ila Bank who have won cash prizes in its first year of existence. Mohamed Al Maraj, CEO of ila Bank, said, “Al Kanz was developed as an incentive for users to save in order to win life-changing cash prizes. This is one of the many products of ila Bank that endeavours to propel users on a journey towards their life goals and financial aspirations. We strive to continue on our path of pathbreaking fintech innovation to provide our customers effortless banking solutions that keep up with their ever-evolving lifestyles. At ila, we remain committed to bolstering financial inclusion through our mobile-only offering and ultimately driving financial prosperity in the country.”

ila Bank attributes its rapid growth and success to fulfilling its customers’ banking needs by getting to know and listening to them. For the second year of Al Kanz, customers have asked for bigger cash prizes and ila has fulfilled their wishes. The 2023 prize schedule will have four grand prizes in the course of the year: two prizes each of $250,000, one mid-year prize of $500,000, and the grand year-end prize of $1 million.

The cut-off deposit and draw dates can be seen on www.ilabank.com/AlKanz. Each BD50 saved in the prize account is one entry into the draw. Fund your Al Kanz account today for chances to win mega cash prizes.