Bahraini Saudi Bank (BSB) has announced a new service called BSBFixedPlus, offering customers higher interest on their deposits.

The scheme allows customers to benefit from automatic overdraft facilities, free ATM and credit cards and choice of tenor.

"It's the best option for customers who want to save money to take care of any eventualities because it is flexible, convenient and customers can look forward to enjoying exciting benefits and facilities," said BSBs manager - product development and deposit mobilisation Waleed Akbari.

BSB has made great strides last year with all-round growth in income, assets and profits. Net profit for the year was as high as 30 per cent.

This result is in line with the bank's concentration of fee-based income and consistent with BSBs strategy of strengthening its core businesses and diversifying its revenue streams, said said BSB chief executive officer Khalid Shaheen.

"We are delighted with the consistent performance in both our top and bottom lines despite the challenges faced by financial institutions like ours and we will continue to lay emphasis on our strategic plan to further improve our overall performance this year," he said.

On the credit card front, BSB has just completed upgrading its gold and silver credit card to the new chip-based SmartCard.

This card will also enhance the value of the BSB credit card with more offerings by way of free SMS alerts, greater interactive services and comes with pioneering BSB features such as 1pc cash back on all credit card spendings. -TradeArabia News Service