Under the directives of the President of the State and sponsorship of the Troubled Debt Fund

17 banks, banks and institutions exempt 1,214 citizens from more than half a billion dirhams

In implementation of the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court. 1214 citizens of their debts, with a total value of more than 536 million and 230 thousand dirhams.

On this occasion, His Excellency Jabr Muhammad Ghanim Al Suwaidi, Minister of State and Chairman of the Higher Committee of the Troubled Debt Fund, said that this initiative is an embodiment of the approach of His Highness Sheikh Mohammed bin Zayed Al Nahyan, which makes citizen happiness, improves his standard of living, positive interaction with his problems, and strengthens the causes of family and community stability. A major priority and a primary goal, based on His Highness's belief in the pivotal role of the citizen in achieving the country's development goals and aspirations and making its renaissance.

Al-Suwaidi added that exempting this number of citizens from their debts confirms the keenness of the wise leadership to support the citizen in all circumstances and to provide him with the opportunity to actively participate in the development of his society and country. He expressed his thanks and appreciation to the banks and financial institutions participating in this initiative, for the great cooperation and feeling they showed Patriotic responsibility towards society.

His Excellency Jabr Muhammad Ghanim Al Suwaidi noted the important role played by the Troubled Debt Fund since its inception, indicating that the Fund will continue its national role by supporting the directions of the wise leadership and the cooperation of various institutions in the country.

The list of banks that contributed to the initiative includes 17 banks, banks and financing companies, namely First Abu Dhabi Bank, Abu Dhabi Commercial Bank Group, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, in addition to the National Bank of Ras Al Khaimah, HSBC, Dubai Islamic Bank, National Bank of Fujairah, United Arab Bank and Bank Sharjah Islamic Bank, Commercial Bank of Dubai, and Amlak Finance, along with Standard Chartered Bank, Arab Bank for Investment and Foreign Trade, Emirates Islamic Bank, and National Bank of Umm Al Quwain.

Officials of these banks, banks and financial institutions affirmed their pride in participating in this national initiative for the benefit of society, pointing out that the Troubled Debt Treatment Fund plays a positive role and expressed their keenness to cooperate with the Fund in performing its important mission towards the country.

For her part, Hana Al Rostamani, CEO of First Abu Dhabi Bank Group, said: “The Troubled Debt Treatment Fund is the best embodiment of the visions of our wise leadership to meet all the needs of the citizens of the United Arab Emirates and ensure a decent life for them, which is tangibly reflected in the process of social and economic development.” First Abu Dhabi Bank was at the forefront of national institutions contributing to this lofty initiative to support citizens and alleviate their burdens.

She added: "We renew our commitment to support various government initiatives that enhance the prosperity of the country's citizens, and we affirm the continuation of cooperation with the Troubled Debt Treatment Fund in order to provide the necessary financial solutions and services to achieve the ambitious goals of this initiative in line with the aspirations of the country's leadership for the next fifty years, in order to enhance community cohesion." Achieving the goals of development and prosperity for the state.

Commenting on the bank's participation in the initiative..Alaa Erekat, CEO of Abu Dhabi Commercial Bank Group, said: "Based on our firm commitment to our social responsibility and in line with the vision of our wise leadership..we are always keen in the Abu Dhabi Commercial Bank Group to actively contribute to various government initiatives, foremost of which is the initiative The Fund for the Treatment of Bad Debts of Citizens, because of its positive impact on their lives and the enhancement of the social and economic stability of their families.

He added that the group aims, through renewing its commitment to this lofty initiative, to contribute to overcoming the challenges faced by distressed citizens with limited incomes by rescheduling their debts. Ways and mechanisms to address the situation of defaulters and help them enhance the stability of their social conditions, which will reflect positively on the local community as a whole.

On the occasion of the 51st Union Day of the United Arab Emirates, Mashreq Bank announced its contribution once again to supporting the "Nebered Debt Treatment Fund for Citizens" with the aim of providing assistance to distressed citizens in paying their outstanding debts.. indicating that it is within the framework of its continuous commitment to participate in this noble initiative Mashreq will waive debts worth 90.16 million dirhams owed by 124 Emiratis. As one of the national Emirati banks, supporting the people of the country and contributing to the promotion of the community development of the country as a whole represents a firm commitment for the bank.

Hisham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD and Chairman of the Board of Directors of Emirates Islamic, said: “The wise leadership of the United Arab Emirates has always been keen to consolidate the values ​​of tolerance, achieve happiness for its citizens, and improve the quality of their lives.” Pointing out that Emirates NBD and Emirates Islamic are proud to belong to its ancient heritage, stressing the commitment - within the framework of the dear UAE's celebrations of the 51st Union Day - to provide support and contribute to this noble initiative launched by the wise leadership in the country to celebrate the unity and spirit of union shared by the people of the Emirates.. and we will continue to support initiatives that contribute to Promoting the happiness of citizens and instilling in them patriotism and feelings of pride.

For his part, Nasser Al-Awadi, CEO of Abu Dhabi Islamic Bank Group, confirmed that the bank will continue to contribute - for the seventh year in a row - to the initiative of the Troubled Debt Fund for the year 2022 by relieving more than 140 UAE nationals of their debts .. stressing that the continuous cooperation Between the Troubled Debt Fund and the national banks, it enhances confidence and credibility in the banking sector in the country, and confirms the spirit of social responsibility in the national banks through their adoption of charitable and humanitarian initiatives for the benefit of the citizens of the country.

Al-Awadi explained that this initiative is of particular importance because it coincides with the anniversary of Martyr’s Day and the country’s celebrations of the 51st Union Day. He said: “We are keen to continue cooperation with the Troubled Debt Treatment Fund and its noble initiatives that are in line with the principles of the bank, which encourage the promotion of values ​​and a culture of good in society, and this interaction This positive result resulted in the bank launching several financial awareness campaigns.

The CEO of the group said, "The beneficiaries of the bank's exemption fall within the category of those obligated to pay, but their social, family, or health conditions did not enable them to pay, and those exemptions were made within this framework. He indicated that this initiative comes within the social responsibility policy that the bank is keen on. The directives of the wise leadership are also translated into tangible reality, especially with regard to making the citizen's welfare and happiness among the most important priorities.

For his part, Dr. Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank, said: “We are pleased to contribute to supporting the initiatives of the UAE government and the Troubled Debt Fund for the fifth year in a row..and we hope that this continuous commitment will help make a lasting difference in the lives of people in difficult circumstances.” In these challenging times.”

He added that the founding of the United Arab Emirates in 1971 constituted a historic moment that gave individuals and families a home to build their lives in. This decision brought people together under a common vision towards prosperity and development. Hence, the celebration of the 51st anniversary of the Union Day pushes us to go further. From cooperation with all citizens and with people who have gone through difficult circumstances.. For us at Dubai Islamic Bank, cooperation and understanding are two important values ​​that are deeply embedded in all of our business.. As we are an Islamic bank, we are driven by determination and steadfastness to provide fair solutions that take into account the personal circumstances of each customer. .

In his comment on the bank’s contribution, Shrish Beideh, Chief Executive Officer of United Arab Bank, said: “With the United Arab Emirates’ celebrations of the 51st Union Day, and out of keenness on our desire to participate in the initiative of the Fund for Addressing Troubled Debts for Citizens.. We at United Arab Bank are pleased to confirm that we will continue our endeavor to contribute to Overcoming the challenges faced by some citizens in order to achieve social development, reduce their living burdens, and support them in securing a decent life.

He pointed out that the contribution of United Arab Bank this year by forgiving the debts of a number of dealers who are citizens of the country embodies the bank's permanent commitment to participate in various government initiatives aimed at supporting and assisting citizens of the United Arab Emirates.

He said that the bank is working in coordination with the Fund and with the Central Bank of the United Arab Emirates to make this noble initiative a success, out of its belief that the banking sector has a role in social responsibility and the promotion of societal stability and sustainability in the country.

For his part, His Excellency Mohammed Abdullah, CEO of Sharjah Islamic Bank, praised the national role played by the initiative of the Citizens' Debt Handling Fund to drop the bad debts of citizens, the foundations of which were established by the late Sheikh Khalifa bin Zayed Al Nahyan, "may God have mercy on him," and today it has become a symbol of humanitarian action and a platform for giving.

Mohammed Abdullah stressed the keenness of the Board of Directors of Sharjah Islamic Bank and the executive management to continue to support the initiative, as the bank believes in the noble human value represented by the initiative, which is added to the list of humanitarian initiatives launched by the United Arab Emirates over the past 51 years, indicating that it strengthens the government's efforts to support The business sector and motivate it to actively participate in social responsibility practices that have a positive impact in line with the priorities and goals of sustainable development on the humanitarian and social side of the United Arab Emirates.

In turn, Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, affirmed, "The bank's commitment to contribute to securing the social and economic well-being of all segments of society.. From this standpoint, we are pleased to support this initiative by our wise government, which aims to improve the quality of life of citizens." He said, "We are We take this opportunity to affirm our commitment to contributing to the government's efforts to enhance the position of the UAE to become one of the happiest countries in the world."

For his part, Aref Al Harmi Al Bastaki, CEO of Emlak Finance, said: “We renew our commitment to support government initiatives that aim to support the citizens of the United Arab Emirates and ensure a decent life for them through Amlak’s contribution for the second year in a row to the initiative of the Troubled Debt Treatment Fund.”  

He stressed the continuation of supporting the efforts of the wise leadership, which aims to reduce financial burdens and enhance sustainability and financial and family stability for the citizens of the country. He said that with His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, the leadership of the country continues, the blessed march that made the happiness of the citizen a priority while providing various conditions and means that achieve social stability.   

Commenting on Standard Chartered Bank's initiative, Rola Abu Maneh, CEO of Standard Chartered Bank in the United Arab Emirates, said: "We are pleased to participate - for the third year in a row - in this generous initiative, which is in line with the approach of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State "May God protect him" in following up the conditions of citizens and finding out their needs, which guarantees a decent life for the citizen and his family.

She added that Standard Chartered Bank has been keen, since its establishment in the country, to support all successful national initiatives that support the community, foremost of which is addressing the challenges resulting from citizens’ debts. Therefore, on the occasion of the country’s 51st Union Day, we will exempt the financial dues owed by a large number of citizens’ customers with the bank. .

For his part, Graham Fitzgerald, CEO of the Arab Bank for Investment and Foreign Trade, said: "We are always keen to participate in various governmental initiatives that aim to secure the requirements for a decent life for the citizens of the UAE, and to pay attention to achieving family and social stability, whose positive effects are reflected on society."

And he affirmed the bank's commitment to continue its support and cooperation with the Citizens' Troubled Debt Treatment Fund and to provide appropriate financial solutions aimed at alleviating the living burdens and ensuring family stability for the country's citizens with limited income. He said: "We are proud and happy to participate for the fifth year in a row in this generous initiative that It was launched by the Troubled Debt Fund.

Commenting on the bank’s contribution, Adnan Al-Awadhi, Chief Executive Officer of National Bank of Umm Al-Qaiwain PJSC, said: “The bank is honored to participate in the initiative of the Citizens’ Troubled Debt Fund, in line with the firm approach of the wise leadership of the United Arab Emirates in promoting care and concern for its citizens. To open up opportunities for them to lead a stable life and its continuous keenness to provide all their needs for effective participation in society and positive contribution to the UAE’s development process.”

Al-Awadhi praised the efforts of the Citizens’ Troubled Debt Treatment Fund, which have the best impact in relieving the burdens and obligations of distressed citizens .. explaining that the participation of National Bank of Umm Al Qaiwain in this initiative this year comes within the framework of its commitment to its social responsibilities and continuous work to support all government initiatives that enhance prosperity Citizens of the country and the belief that the banking sector has an important role in enhancing stability and sustainability in the country.

He pointed out that within the framework of the National Bank of Umm Al Qaiwain's support for the fund, it will waive debts to its national customers at a value of about two million, eight hundred and ninety-two thousand dirhams, as a commitment to continue supporting the people of the Emirates and contributing to the broader social development of the country.

Raheel Ahmed, CEO of RAKBANK, affirmed RAKBANK's appreciation for the importance of the Presidential Court initiative, which aims to help low-income citizens settle their loans. He indicated that the bank continues to work with the Troubled Debt Treatment Fund and with dealers to find appropriate ways to help them. Debt relief.. He also stressed the importance of the Bank's cooperation with the Presidential Court and keenness to continue this cooperation during the coming years.

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