Kuwait-based Burgan Bank has launched a new Kanz draw account with attractive prizes exceeding $7,500,000 (KD 2,300,000) in monthly, quarterly, semi-annual, and annual draws.
Burgan Bank’s Yawmi draw account has been upgraded to the new Kanz account, which gives customers more opportunities and chances to win fabulous life-changing gifts.
The new Kanz account, which includes five draws, offers a grand prize of $4,900,000 to the lucky winner. Winners of the half-yearly draw will receive $1,150,000. The quarterly lottery will offer a prize of $82,000 to the four winners, and the top 20 winners will each receive a cash prize of $3,200 per month.
The Kanz account also offers branch-specific draws that allow each branch to reward a chance to customers to win up to $16,400 in prizes. With that, the total number of lucky winners per year will exceed 275.
The unique Kanz Quarterly Draw is designed for loyal customers with a balance of over $16,000 (KD5,000), including Premier and Private Banking customers. It aims to optimize their banking experience with more rewards and chances of winning better prizes.
The Kanz account can be opened by any individual with a minimum balance of KD200 or equivalent in major currencies such as USD, Euro, and GDP. Customers investing more in their Kanz account increase their chances of winning one of the prizes.
“At Burgan Bank, we are constantly working on enhancing our customers’ experience, not only by offering great banking and financial services and products but also by designing comprehensive solutions that add greater benefits and advantages.”
The Burgan Bank Kuwait CEO further added that, “It is with the objective of optimizing our offering with unique benefits that we have introduced the Kanz draw account, which maximizes customers’ chances to win higher prizes that can change their lives. We also recognize the importance of fostering the culture of saving money in Kuwait and Kanz account serves this vision by offering our customers a chance to save more and to be rewarded for their savings.”
Commenting on the same, Mr. Naser Mohammad Al Qaisi, Chief Retail Banking Officer at Burgan Bank remarked that “We are at a very exciting stage in the Retail Banking business at Burgan Bank. This launch is the first of many bold and innovative products and services that we are working on. We have taken a customer-first approach and I am certain that our products and services will enhance the banking experience of our customers,” Mr. Al Haqhaq added.
Burgan Bank is the youngest conventional Bank and second-largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having growing retail, and private bank customer base. It has majority-owned subsidiaries in the MENAT region supported by one of the largest regional branch networks.