This came in statements carried by the Emirates News Agency following the reception of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the delegation of the group of banks and banks that participated in the initiative to address the bad debts fund to exempt 3310 Citizens of their debts accompanied by members of the NDFF Committee.
On his part, Abdul Hamid Saeed, CEO of First Abu Dhabi Bank Group, stressed the bank’s keenness to cooperate with the fund to deal with cases of bad debts for citizens to stress the important role that national banks play in Achieving social development.
While Saud Mohamed Obaidullah, Head of Private Banking Services Deputy Executive Vice President - Emirates NBD expressed his thanks to His Highness Sheikh Mohammed bin Zayed Al Nahyan for his great appreciation for the efforts that I made the opportunity to participate and contribute to the happiness of our brothers in this giving country and to serve our beloved country.
Salah Muhammad Amin, Acting Executive Director of Emirates Islamic Bank, on behalf of the bank, said: The bank is cooperating permanently with the fund to implement and succeed this noble initiative, and this is because of its belief that the banking sector has a role in Social responsibility and the promotion of stability and sustainability in the state..It is proud of being able to solve a large part of non-performing issues for citizens with the non-performing debt fund, stressing that the bank is working to reduce these non-performing funds by launching many initiatives such as a financial awareness campaign or a good payment program in addition to Providing advice and guidance to dealers.
He added that the debt forgiveness initiative will benefit the banking sector and the Emirati society as a whole, noting that this initiative will provide a great deal of confidence and credibility in the banking sector .. He made it clear that the beneficiaries of the exemption The bank falls under the category of obligated payment, but their social, family, or health conditions did not enable them to pay, and these exemptions were made in this context.
For his part, the price of Sharjah Islamic Bank invited him to attend the Council of His Highness Sheikh Mohammed bin Zayed and supervise the peace of His Highness, noting that the Islamic Bank initiative to forgive citizens ’debts is a national duty that contributes In the year of tolerance in order to relieve the shoulders of citizens, to reflect on their financial and family stability.
The Arab Bank for Investment and Foreign Trade stressed that the meeting of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, comes within the framework of the noble initiative that I launched The wise government of the Emirates during ...
