Emirates

Emirates News Agency – UAE President wipes out over AED536.2 million debt for Emiratis

ABU DHABI, 29th November, 2022 (WA) — The Non-performing Debt Relief Fund has announced that 17 banks and financial institutions have waived the debts of 1,214 Emirati citizens, with a total value of more than AED536,230,000. The announcement comes in implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the follow-up of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court ahead of the country’s 51st National Day.

The seventeen banks and institutions are: First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, RAKBANK, HSBC, Dubai Islamic Bank, National Bank of Fujairah, United Arab Bank, Sharjah Islamic Bank, Commercial Bank of Dubai, Amlak Finance, Standard Chartered, Al Masraf, Emirates Islamic Bank, and National Bank of Umm Al Qaiwain (NBQ).

The Non-performing Debt Relief Fund will settle the money owed for Emiratis.

Jabr Mohammed Ghanem Al Suwaidi, Minister of State and Chairman of the Supreme Committee of the Non-performing Debt Relief Fund, said that the waiver falls within the UAE leadership’s keenness to ensure a decent life for all UAE Nationals.

 

 

Tariq Al Fahaam/ Hatem Mohamed



This content was originally posted at Emirates News Agency on the Source link . Always refer to the original source for updates and more details.

Content Admin

About Author

TotalUAE is a content aggregator and publisher. We collect the useful data from authentic sources and publish it in the public interest. We also publish the press releases and maintain an authentic business listings directory for UAE.

You may also like

Emirates

Emirates News Agency – Dubai Customs issues authorisation certificates to free zone companies to enhance investments

Sun 16-10-2022 14:31 PM DUBAI,16th October, 2022 (WAM) – Dubai Customs provides the best customs services and facilities to licensed
Emirates

Emirates News Agency – Ministry of Interior , Dubai Customs sign MoU

Fri 07-10-2022 00:20 AM ABU DHABI, 10th June, 2022 (WAM) – In a move aimed at stepping up cooperation and