Dissatisfied with the higher levels of proposed monthly installments which would be deducted from the salaries of Emirati loan defaulters, under the debt settlement initiative designed to bail them out from a debt trap, the UAE Central Bank is seeking appropriate solutions.
The board of directors of the central bank, which met here last week, reviewed data on the personal loans of UAE nationals submitted to it for study.
The board said in a statement that it considered “several options to find appropriate solutions for these loans and noted that the monthly installments deducted from the monthly salaries of UAE nationals towards repayment of these loans are rather high”.
No comments:
Post a Comment