Kuwait – 23 April 2015: Gulf Bank announced today the launch of its new red program tailored for youth customers, including monthly cash draws and quarterly car draws. The new red program is available for customers from 23 April 2015.

New red customers who open an account and transfer their allowance will be eligible to enter the monthly cash draw for a chance to win up to KD 1,500. The quarterly car draw will be for 1 lucky winner who will have a chance to win a new Camaro LT Coupe or a Cadillac SRX.

In addition to the exciting cash and car prizes, Gulf Bank has also partnered with ZAIN, where red customers are exclusively offered the latest smartphone bundles or internet plans.

Through the bank's red program, customers can also see movies at all Kuwait National Cinema Company (KNCC) cinemas during the weekend for KD 1.750 instead of the usual KD 3.5, which is a 50% discount on the normal price, making Gulf Bank the only bank in Kuwait presenting customers with this one of a kind offer. Gulf Bank encourages new red customers to visit its booth at The Avenues to find out more about the KNCC offer.

Gulf Bank is committed to providing its red customers with new and exciting promotions that are tailored to meet their specific needs.  The red account is designed for university and college students aged 17 to 24 years old.  Amongst other benefits, account holders receive an ATM card and there is no deposit required to open the account or minimum balance charge.

For more information about Gulf Bank's new red account package, customers should visit one of Gulf Bank's 59 branches; call the Customer Contact Center on 1805805, or log on to www.e-gulfbank.com for assistance and guidance.