Amid fierce competition to attract customers, banks operating in the United Arab Emirates are turning to innovative and enticing methods to draw in clients. In recent years, there has been a surge in banking offers that include exclusive deals, higher interest rates on deposits, and complimentary premium services. These measures are aimed at retaining existing customers and attracting new ones in a saturated market. Experts note that such competition ultimately benefits consumers, as it leads to improved service quality and lower fees.
UAE Banks Innovate to Attract Customers
Amid fierce competition, UAE banks are using innovative methods like higher deposit rates and premium services to attract and retain customers.