In implementation of the directives of the President of the State ... and with the support of Mohammed bin Zayed
12 banks and banks exempt 1,607 citizens from 869 million dirhams
The “Troubled Debts Treatment Fund” announced that 12 banks and banks have exempted 1,607 citizens from their debts, with a total value of more than 869 million and 845 dirhams, in implementation of the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, and with the support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the follow-up to His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
The Director of the Abu Dhabi Crown Prince's Court and Chairman of the Supreme Committee of the Troubled Debts Fund, Jaber Muhammad Ghanem Al-Suwaidi, stressed that the initiative is an embodiment of a continuous and permanent approach to leadership that meets the needs of citizens in providing a decent life for them, and maintaining family and social stability.
He added that the fund, since its establishment in 2011 by a decision of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, has undertaken many important initiatives to address the troubled debt problems that thousands of citizens have benefited from, in cooperation with national banks and the Central Bank, which confirms the importance of the fund and the pivotal role that Continue to do.
Al-Suwaidi expressed his great appreciation for the role of the banks participating in this initiative and their keenness to play their active and positive social role, and to fulfill their responsibility towards society, praising the continuous cooperation between the "Troubled Debt Processing Fund" and the banks in the Banks Union and the "Central Bank", to implement such initiatives and achieve their goals. Desired.
The list of banks that contributed to the initiative includes 12 banks: First Abu Dhabi Bank, Abu Dhabi Commercial Bank Group, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard Chartered Bank, Ras Al Khaimah National Bank, Commercial Bank of Dubai and Bank Dubai Islamic Bank, Emirates Islamic Bank, National Bank of Umm Al Quwain, and Arab Bank for Investment and Foreign Trade.
Al-Suwaidi Jabr:
"(The initiative) is the embodiment of a continuous and permanent approach to leadership that meets the needs of citizens by providing them with a decent life.
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