Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and with the support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs NPLs' exemption of 1716 citizens from their debts with a total value of more than 787 million dirhams .. In cooperation with 15 banks and banks.
Director of the Abu Dhabi Crown Prince's Court and Chairman of the Supreme Committee of the NPLF Jabr Mohammed Ghanem Al Suwaidi said that under the guidance of the wise leadership, the Fund will continue to implement NPL initiatives and make compromises in cooperation with a number of national banks in order to ensure a decent life and family and social stability for the citizens. Enhancing their standard of living, providing them with comfort, and achieving financial independence, which contributes to the balance of society at all levels.
He added that this initiative is of particular importance as it comes in conjunction with the celebrations of our country on the 48th National Day with the aim of spreading joy and happiness in the hearts of Emirati families and ease the financial burdens on them.
Al-Suwaidi expressed his appreciation for the role of national banks that contribute to achieving the Fund's objectives through exemptions and settlements offered to the defaulters.He appreciated their fruitful interaction and support for the good and happiness on the lives of citizens and residents on their land and achieve the cohesion and stability of families, which is the main pillar of the strength of the structure and cohesion of society.
He also praised the continuous and effective cooperation between the Fund and the banks in the Union of Banks and the "Central Bank" to implement such initiatives and their success and achieve their objectives in the community.
Abu Dhabi Commercial Bank, Al Hilal Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Standard Chartered Bank, Dubai Islamic Bank, Emirates Islamic Bank, Mashreq Bank, Emirates NBD, Sharjah Islamic Bank, Noor Islamic Bank, Ras Al Khaimah National Bank and the Bank Arab Bank for Investment and Foreign Trade, National Bank of Umm Al Quwain, Commercial Bank of Dubai and Ajman Bank.
It is worth mentioning that the NPL was established under the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, within the framework of His Highness's keenness and concern for the issues of his fellow citizens and their concerns and to provide the elements that provide them with a decent livelihood. For personal loans owed to them in coordination with the Central Bank and banks in the country.