Sunday 3 June 2012

UAE's Central Bank studies plan to help with loans - The National

The Central Bank is weighing a raft of measures to help nationals struggling to pay back hefty bank loans.

The regulator's board reviewed proposals "regarding settlement of personal consumer loans for the purpose of reducing debt burden of UAE nationals", it said in a statement released after a meeting it held last week.

The move comes as the regulator steps up efforts to assist Emiratis struggling to repay bank loans.

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