Thursday 24 April 2014

Al Etihad Credit Bureau delayed as UAE banks fail to provide data | The National

Al Etihad Credit Bureau delayed as UAE banks fail to provide data | The National:



"Banks have not supplied sufficient credit information to Al Etihad Credit Bureau, holding up the launch of a major tool in the UAE’s efforts to strengthen the financial system.



National Bank of Fujairah was yesterday named as the only lender to have provided adequate credit data on its retail customers for the past 24 months, the bureau said yesterday.



The UAE Banks Federation was not immediately available for comment.



The revelation from the Al Etihad Credit Bureau comes just weeks after it said the majority of banks had supplied it with credit information that exceeded international data quality standards."



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